Economy
HMRC formally opens Liverpool Regional Centre
Thursday, 26 May 2022, 9:40
HMRC formally opens Liverpool Regional Centre
HMRC’s Regional Centre and Government Hub in Liverpool has been formally opened by Myrtle Lloyd, HMRC director general for Customer…
Inflation hits 40-year high
Wednesday, 18 May 2022, 10:44
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
Friday, 13 May 2022, 10:37
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
Thursday, 12 May 2022, 10:49
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
Tuesday, 10 May 2022, 10:39
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
Monday, 9 May 2022, 10:03
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
Thursday, 5 May 2022, 12:49
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…