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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
SMEs owed £23.4bn in late payments
A Government review into outstanding invoices to be launched.
One in four of small firms fear closure.
Businesses fear closure if energy relief ends in Spring 2023.
Energy price cap removes risk for one in four businesses
Government urged to extend support for businesses.
Government launches review into tackling late payments for SMEs
UK businesses are currently owed £23.4bn in outstanding invoices.
Government urged to boost economic growth
The CBI says the UK will lose ten years of growth if no action is taken.
Inflation and energy prices remain top business concerns
Businesses showing signs of strain towards winter.
Black Friday sees upturn in retail sales
Spending data shows a 33% increase in retail footfall.
Inheritance tax receipts rise by £4.1bn
The increase comes just months before the threshold freeze.
One in four small firms fear closure
Small firms’ survival depends on Government support.
Companies urged to file accounts online
Accounts must be submitted by 31 December.