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Business News

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Business News

Lockdown has ‘negatively impacted young people’s labour market outcomes’

The coronavirus (COVID-19) lockdown has negatively affected young people's labour market outcomes, according to a report published by the Institute for Fiscal Studies (IFS). The report, which was funded by…

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21/07/2020
Business News

PAC urges government to assess tax reliefs for effectiveness

The Public Accounts Committee (PAC) has called on the government to assess how effective tax reliefs are and whether they achieve their intended objectives. In a new report, the PAC…

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21/07/2020
Business News

Credit card spending fell significantly at start of coronavirus lockdown, data reveals

Data published by UK Finance has revealed that spending via credit cards fell by 50% in the first month of the coronavirus (COVID-19) lockdown. The value of credit card transactions…

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20/07/2020
Business News

Business groups cautious on easing of lockdown restrictions

Businesses groups have given a cautious response to the easing of lockdown restrictions in England announced by Prime Minister Boris Johnson last week. Josh Hardie, Deputy Director General at the…

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20/07/2020
Business News

Coronavirus borrowing now over £46 billion

UK businesses have now borrowed over £46 billion through the government-backed schemes that are helping firms during the coronavirus (COVID-19) crisis, according to the latest figures from the Treasury. In…

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17/07/2020
Business News

Chancellor asks OTS to review capital gains tax

Chancellor Rishi Sunak has asked the Office of Tax Simplification (OTS) to carry out a thorough review of capital gains tax (CGT). In a letter to the OTS, the Chancellor…

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17/07/2020
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