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Business News

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Business News

£4.5 billion lost to COVID-19 fraud

The total value of fraud in three coronavirus (COVID-19) schemes totalled £4.5 billion, with the tax authority only expecting to recover £1.1 billion, Jim Harra, HMRC's Chief Executive, has told…

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02/12/2022
Business News

CBI survey reveals continued deterioration in business confidence

A survey carried out by the Confederation of British Industry (CBI) has revealed that business confidence has continued to deteriorate across the UK services sector. Confidence amongst firms in the…

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01/12/2022
Business News

FSB urges government to ensure energy suppliers don’t inflate prices

The Federation of Small Businesses (FSB) has urged the government to make sure that energy suppliers don't inflate prices for small firms. In a letter to Business Secretary Grant Shapps,…

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30/11/2022
Business News

Threshold freeze equivalent to 3.5% tax hike

The government's freeze on income tax thresholds will see some workers' tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax, according to analysis…

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29/11/2022
Business News

Study finds one in four small businesses plan to close if energy bill support ends

A study carried out by the Federation of Small Businesses (FSB) has found that one in four small firms plan to close, restructure or downsize if support with their energy…

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28/11/2022
Business News

Home repossessions double as mortgage costs rise

Home repossessions have almost doubled as rising costs force borrowers to fall behind on mortgage payments, according to official figures published by the Ministry of Justice (MoJ). There were 744…

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25/11/2022
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