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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Five-year mortgage rates fall below 6%
New data indicates mortgage rates are returning to normal.
Tax take soars to £432.8bn
Total tax take for 2021/22 so far is £41.5bn higher than last year.
OBR report confirms UK in recession
Economic recovery expected in late 2024.
Chancellor sets out tax freezes and spending cuts
Government plans aim to promote fiscal stability
HMRC to change salary advance reporting requirements
The legislation aims to reduce administrative burdens.
Advisory fuel rates update
The latest advisory rates for company cars remain unchanged.
SME R&D tax credit cut criticised by ATT
The changes to R&D credits aim to tackle fraudulent claims.
Business support set out by Chancellor
Some industry leaders praise Autumn Statement measures.
UK in recession according to Government watchdog
Economy to recover to pre-pandemic levels in late 2024.
Tax thresholds frozen in Autumn Statement
Additional-tax rate threshold reduced for thousands of taxpayers.