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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Apprenticeship funding scheme unveiled
Businesses can apply for the £7 million fund.
Think tank predicts cut to UK’s tourism trade deficit
The deficit was £30.5 billion in 2019.
Reduced furlough support jeopardises jobs
One in five employers are likely to make redundancies.
Mortgage borrowing hits highest-ever monthly level
Borrowing stood at £17.9 billion in June 2021.
Most firms ‘confident they can pay off debts’
One in five remain unsure about their debt repayments.
DWP hit with £87.9m IR35 tax bill
HMRC demanded bills over historic contractor assessment errors.
Retail sales figures improved in June 2021
The proportion of retail sales fell in the same period.
FRC: ‘29% of audits need improving’
The ICAEW criticised the way the AQR is managed.
Hospitality sees promising recovery in spring
Business confidence in the sector remains low, however.
Monthly borrowing figures start to climb down
Borrowing in June 2021 was the second highest on record.