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Business News.

This section contains the latest business news stories.

Business News

UK economy contracts due to Middle East conflict

12 Jun 2026

The UK's economy contracted by 0.1% in April due to the impact of the war in Iran, according to data from the Office for National Statistics (ONS).

Employers need to show workforce flexibility for World Cup

11 Jun 2026

Employers are being urged to implement clear policies on staff time off, sickness absence, and flexible working as the World Cup gets underway.

HMRC boosts funding for taxpayers needing extra support

10 Jun 2026

More than £11 million in funding has been made available to taxpayers struggling with their tax affairs.

Business costs at tipping point, warns CBI

09 Jun 2026

The UK economy has the 'makings of a true growth story' but that a record high business tax burden is it at risk, warns the Confederation of British Industry (CBI).

Small firms to receive funding boost to business debt advice services

08 Jun 2026

The Treasury recently announced that small businesses and the self-employed who struggle with their finances will receive a helping hand via a new £4 million funding boost to business debt advisory services over the next three years.

Business leaders believe Employment Rights Act will harm growth

05 Jun 2026

Research carried out by the Institute of Directors (IoD) has indicated that 86% of business leaders believe that the Employment Rights Act will adversely affect UK growth.

Three quarters of workers not on track for 'moderate' pension income

04 Jun 2026

Three quarters of UK workers are not on course to save enough for a 'moderate' lifestyle when they retire, according to a report by Pensions UK.

Hospitality sector calls 10% VAT rate

03 Jun 2026

Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cut hospitality VAT to 10% by UKHospitality.

Business confidence improves despite rising concerns about Iran conflict

02 Jun 2026

Confidence in both the UK economy and their own organisations rose amongst business leaders during May, according to research from the Institute of Directors (IoD).

'Urgent action' needed to boost career opportunities for young people

01 Jun 2026

A new report has warned that one in six young people will not be in education, employment or training within five years if 'urgent action' is not taken.

Advisory Fuel Rates

29 May 2026

New company car advisory fuel rates have been published and will take effect from 1 June 2026.

Youth employment approaching pandemic and financial crisis levels

28 May 2026

The recent fall in youth employment is now approaching the decline seen during the Covid-19 pandemic and 2008 financial crisis, according to the Institute for Fiscal Studies (IFS).

Temporary reduced rate of VAT for children's meals, tickets and family attractions

27 May 2026

The government is helping families this summer with the cost-of-living crisis by cutting VAT on attractions and meals out. The temporary reduced rate of VAT will cover children's meals, tickets and family attractions.

Approved Mileage Allowance Payments (AMAPs), Mileage Allowance Relief (MAR) and self-employed mileage

26 May 2026

The government has announced increases to AMAPs, MAR and self-employed mileage rates, which will be backdated to 6 April 2026.

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