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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Metro Bank shares plunge after seeking finance
Challenger bank needs to raise £600m.
UK debt hits 20-year high
Long-term borrowing highest since 1998.
BoE to test general insurers in 2025
Stress testing has been common since the 2008 financial crisis.
National living wage to rise to £11 an hour
Move benefits two million of the lowest-paid workers.
Business confidence dips in September
Price expectations high as firms maintain margins to combat costs.
HMRC helpline waiting times set to increase
ICAEW: decision represents a “new low” for HMRC.
BoE delays Basel bank capital rules until July 2025
Revised implementation date now aligns with US Federal Reserve.
Time to register for self-assessment, says HMRC
Don’t miss the 5 October deadline – register now.
Interest rates stall after 14 increases
The Bank of England has paused its aggressive interest rate hikes.
Late payment culture threatening SMEs
Survey suggests MPs support mandatory prompt payment code.