Economy
Inflation hits 40-year high
1 day ago
Inflation hits 40-year high
UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost…
HMRC formally opens Stratford regional centre
6 days ago
HMRC formally opens Stratford regional centre
HMRC’s regional centre and Government hub in Stratford has been formally opened by CEO Jim Harra. The “state-of-the-art building” houses…
UK economy shrinks in March
1 week ago
UK economy shrinks in March
The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and…
Indian companies’ contribution to the UK economy rises
1 week ago
Indian companies’ contribution to the UK economy rises
The number of Indian companies operating in the UK has increased year-on-year from 850 to 900, reporting combined revenues of…
UK business investment to fall by £5.5bn from EY’s Feb forecast
1 week ago
UK business investment to fall by £5.5bn from EY’s Feb forecast
UK business investment is forecast to grow 10% in 2022, down from expected 12.7% growth predicted by EY Item Club’s…
BoE raises interest rates to highest level since 2009
2 weeks ago
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…
Big businesses suspected to have overclaimed £725m in R&D tax relief
Tuesday, 19 April 2022, 10:39
Big businesses suspected to have overclaimed £725m in R&D tax relief
HMRC suspects the UK’s largest companies of owing £725m in underpaid tax in the last year because of over-claiming R&D…
UK inflation hits 7% amid rising fuel costs
Wednesday, 13 April 2022, 9:51
UK inflation hits 7% amid rising fuel costs
The annual rate of inflation has hit a new 30-year record with a rise of 7% in the 12 months…
UK GDP slows to 0.1% in February
Monday, 11 April 2022, 9:43
UK GDP slows to 0.1% in February
Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a…
UK GDP rebounds 1.3% in Q4 FY21
Thursday, 31 March 2022, 9:59
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…