Business News

MPs have warned that some people who pay into a Lifetime ISA might get less out than they put in.

A Freedom of Information (FOI) request has revealed that high earners in the UK are facing a significant rise in tax investigations by HMRC as a result of a record-breaking amount raised by compliance revenue.

The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB).

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

Research carried out by Bauer Media Outdoor has revealed that Britons are spending more of their disposable income when compared to a year ago.

The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.

The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

The Bank of England recently held interest rates at 4.25%, with its Governor warning that 'the world is highly unpredictable'.

Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer National Insurance Contributions (NICs).

Inflation in the UK eased to 3.4% last month, down slightly from April's 3.5%, according to the Office for National Statistics (ONS).

Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.

Heightened trade tensions and policy uncertainty are expected to drive global growth down to its slowest pace since 2008, according to the World Bank's latest Global Economic Prospects report.

Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.

The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.