Business News

Business News

£2 million lost to cryptocurrency fraud over last two months, data reveals

20 Aug 2018

Data published by Action Fraud has revealed that UK consumers lost £2 million to cryptocurrency scams during June and July.

New regulation requires banks to disclose customer satisfaction scores

17 Aug 2018

Following a joint investigation by the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA), banks will now be required to publish their customers' satisfaction scores on their websites, apps and in their branches.

SMEs 'confident in regard to growth prospects', survey finds

16 Aug 2018

A survey carried out by Wesleyan Bank has suggested that UK small and medium-sized enterprises (SMEs) are confident about their future growth prospects.

Research finds over £2 billion stolen via credit card fraud in last year

15 Aug 2018

Research carried out by comparison website has revealed that more than £2 billion has been stolen from individuals' debit and credit card accounts in the last year.

Almost two-thirds of over-50s will 'retire later than expected', survey suggests

14 Aug 2018

A survey carried out by insurance firm Aviva has found that 63% of over-50s in work are planning to retire later than they previously intended.

Official figures reveal boost in UK economic growth

13 Aug 2018

Figures published by the Office for National Statistics (ONS) have revealed a boost in UK economic growth.

CIOT welcomes MTD for VAT 'soft landing' concession for taxpayers

10 Aug 2018

The Chartered Institute of Taxation (CIOT) has welcomed the legal status given to the Making Tax Digital for VAT (MTD for VAT) 'soft landing' period, which is intended to help taxpayers who may find it difficult to comply with the IT demands associated with the initiative.

Survey suggests mental health becoming 'less taboo' in UK workplaces

09 Aug 2018

A survey carried out by the British Chambers of Commerce (BCC) and insurer Aviva has suggested that discussing mental health in the workplace is becoming 'less taboo' for both employers and employees.

HMRC urges taxpayers to declare offshore assets

08 Aug 2018

HMRC is urging UK taxpayers to declare foreign income or profits on offshore assets ahead of the 30 September 2018 Requirement to Correct (RTC) disclosure deadline.

Extend gender pay gap reporting to include small firms, urges Committee

07 Aug 2018

A report published by the Business, Energy and Industrial Strategy (BEIS) Committee has stated that the gender pay gap reporting initiative should be extended to include firms with 50 employees or more.

IoD states UK businesses 'left in the dark' in regard to Brexit plans

06 Aug 2018

The Institute of Directors (IoD) has stated that UK businesses have been 'left in the dark' in regard to the government's Brexit plans.

Business groups respond to interest rates rise

03 Aug 2018

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the Bank of England's decision to raise interest rates for the second time in a decade.

Official data reveals 'record amount' of inheritance tax collected by HMRC

02 Aug 2018

Official figures have revealed that HMRC collected a 'record amount' of inheritance tax (IHT) in the 2017/18 tax year.

Brexit will 'hurt UK and EU member state economies', warns IMF

01 Aug 2018

The International Monetary Fund (IMF) has warned that Brexit will adversely affect the UK economy, alongside the economies of EU member states.

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