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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Treasury considers investing pension pots into startups
It comes as the Government seeks capital for recovery.
BoE: Recovery to push inflation above 3%
The Bank expects high inflation to be ‘temporary’.
BEIS shares new online tool for working families
It aims to make the most of families’ shared parental leave.
Furlough scheme begins winding down as scheduled
Chancellor Rishi Sunak rejects extension pleas as COVID-19 restrictions extend.
Sweeping EU VAT reforms to affect online retailers
Three reforms to the EU’s VAT rules take effect from 1 July 2021.
Thousands leave NHS pension scheme over tax bills
Over four years, 180,000 staff left the scheme.
Government borrowing eases in May
Tax receipts were £1.7bn higher than predicted.
Research reveals increase in cryptoasset ownership
More holders view them as a legitimate investment.
Majority of home workers want hybrid return to the office
Business owners are uncertain where staff will work.
HMRC chases £1bn in false furlough claims
Furlough fraud was previously thought to be £3.5bn.