The UK government must stop ‘walking on eggshells’ around improving EU trade ties, the British Chambers of Commerce (BCC) has warned. The new government must improve the current EU-UK trade and co-operation deal in order to boost economic growth, adds the BCC. Businesses have criticised the additional red tape and... read more →
Jul
05
Jul
05
Real average earnings are just £16 a week higher than they were 14 years ago, according to research conducted by the Resolution Foundation. The think tank said that the UK's labour market backdrop to the General Election is a prolonged pay squeeze that has left real average wages today just... read more →
Jul
05
The UK economy grew by more than initially estimated at the start of this year, according to figures from the Office for National Statistics (ONS). The economy grew by 0.7% between January and March 2024, up from the previous figure of 0.6%. Growth in the UK services sector helped to... read more →
Jul
05
HMRC has not fined a single enabler of offshore tax evasion in five years, data released in response to a Freedom of Information (FOI) request has revealed. This is despite HMRC having landmark powers, which were introduced in 2017, to impose hefty fines. The data, which was released to the... read more →
Jul
05
The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data. The tax gap was 4.8%, which is the difference between the amount of tax that should be paid to HMRC and... read more →
Jul
05
The UK’s business groups have pledged to work in partnership with the new Labour government to revitalise the nation’s economy. Labour leader Sir Keir Starmer is the new Prime Minister after leading the party to a decisive win in the General Election. Shevaun Haviland, Director General of the British Chambers... read more →
Jun
06
New company car advisory fuel rates have been published and took effect from 1 June 2024. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel... read more →