Tax gap estimated at 5.3%
23 Jun 2025 The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC. The tax gap is the difference between what tax…
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10/07/2025
Chancellor outlines pension ‘megafunds’ plans
30 May 2025 Chancellor Rachel Reeves has set out government plans to double the number of so-called pension 'megafunds' by 2030. A megafund is a multi-employer Defined Contribution pension scheme…
10/07/2025
Bank of England holds interest rates at 4.25%
20 Jun 2025 The Bank of England recently held interest rates at 4.25%, with its Governor warning that 'the world is highly unpredictable'. Inflation remains at its highest level in…
10/07/2025
New report outlines path to cut firms’ net zero costs
29 May 2025 A report carried out by the Federation of Small Businesses (FSB) has outlined a path to help cut carbon emissions and costs for small firms. The FSB's…
10/07/2025
Third of businesses planning job cuts due to NI rise
19 Jun 2025 Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer…
10/07/2025
IMF updates growth forecast for UK economy
28 May 2025 The International Monetary Fund (IMF) has revised its growth forecast for the UK economy and now anticipates growth of 1.2% this year. According to the IMF, the…
10/07/2025