Economy
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…
Losses from error and fraud in R&D tax reliefs hit 16.7%
Tuesday, 18 July 2023, 10:49
Losses from error and fraud in R&D tax reliefs hit 16.7%
HMRC’s Annual Report and Accounts for 2022-23 has revealed that the overall level of error and fraud in R&D tax…
HMRC investigations yield £34bn this year
Monday, 17 July 2023, 16:53
HMRC investigations yield £34bn this year
HMRC’s annual report has revealed that its investigations into tax evasion and tax avoidance have yielded a total of £34bn…
UK economy shrinks in May
Thursday, 13 July 2023, 11:09
UK economy shrinks in May
The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the…
Cost of living crisis to wipe £65bn from household finances
Wednesday, 12 July 2023, 10:11
Cost of living crisis to wipe £65bn from household finances
Inflation and the cost of living crisis are set to wipe £65bn from household finances across the UK, with real…
New information hub launched by The Insolvency Service
Tuesday, 11 July 2023, 11:25
New information hub launched by The Insolvency Service
The Insolvency Service announced the launch of a new online information hub to support company directors. The hub hosts guidance…