Economy
Wage growth start to outpace rate of inflation
Tuesday, 12 September 2023, 10:18
Wage growth start to outpace rate of inflation
Pay growth has caught up with the rate of inflation for the first time in nearly two years, as wages…
CEBR warns business closures could hit 28,000 in 2024
Monday, 11 September 2023, 10:38
CEBR warns business closures could hit 28,000 in 2024
Rising interest rates could cause an average of 7,000 businesses to go bust every quarter in 2024, the Centre for…
HMRC collects over £70m in extra tax from profit-diverting firms
Monday, 4 September 2023, 10:27
HMRC collects over £70m in extra tax from profit-diverting firms
HMRC has collected over £70m in extra tax in the past year from multinational businesses who voluntarily admitted diverting profits…
Inflation falls for second consecutive month to 6.8%
Wednesday, 16 August 2023, 10:46
Inflation falls for second consecutive month to 6.8%
Inflation fell for the second consecutive month in July to 6.8%, down from 7.9% in June, as the energy price…
UK economy grows by 0.2% in Q2
Friday, 11 August 2023, 10:37
UK economy grows by 0.2% in Q2
The UK economy has grown faster than expected in the three months to June, new figures from the Office for…
Business confidence declines among manufacturers in July
Monday, 7 August 2023, 10:20
Business confidence declines among manufacturers in July
Hiring intentions and business confidence experienced declines across both the services and manufacturing sectors in July with economic growth also…
BoE raises interest rates to 5.25%
Thursday, 3 August 2023, 12:33
BoE raises interest rates to 5.25%
The Bank of England (BoE) has raised interest rates for the 14th consecutive time to 5.25% in a bid to…
Personal insolvencies fall to lowest level since Q3 2020
Monday, 31 July 2023, 11:07
Personal insolvencies fall to lowest level since Q3 2020
The number of individuals entering a personal insolvency procedure has dropped to 26,390 its lowest quarterly level since Q3 2020.…
IHT receipts hit record high in June
Friday, 21 July 2023, 11:16
IHT receipts hit record high in June
Inheritance tax receipts for April 2023 to June 2023 hit £2.0bn, £0.2bn higher than the prior year and ahead of…
Inflation falls faster than expected in June
Wednesday, 19 July 2023, 9:46
Inflation falls faster than expected in June
The rate of price rises has fallen to 7.9% in June, down from 8.7% in May, according to the latest…