Business News

The latest Business and Finance news making the headlines in the UK

Over 750,000 young people yet to claim savings

Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds (CTFs), according to HMRC.

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Budget must give UK business a competitive edge

The Autumn Budget must sharpen the UK's competitive edge to stay ahead of the pack in an increasingly dog-eat-dog world, says the British Chambers of Commerce (BCC).

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Business confidence falls to new record low

Business confidence fell to its lowest level on record in September, driven by concerns over soaring costs, according to a survey conducted by the Institute of Directors (IoD).

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Digitally excluded taxpayers urged to consider MTD exemption

The Low Incomes Tax Reform Group (LITRG) is urging taxpayers who cannot manage their tax affairs digitally and are set to begin using Making Tax Digital for Income Tax (MTD for IT) to check whether they are able to claim an exemption.

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UK losing £2 billion annually as result of 'Tourist Tax'

Research published by the Association of International Retail (AIR) has revealed that the UK is losing out on nearly £2 billion as a result of the scrapping of VAT breaks for tourists.

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More SMEs 'unlocking AI'

35% of small and medium-sized enterprises (SMEs) say they are actively using artificial intelligence (AI) technology ? a rise when compared to 2024's figure of 25%.

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Business group says long-term sickness 'blighting' economy

The British Chambers of Commerce (BCC) has warned that long-term sickness is 'blighting' the UK economy and preventing it from growing.

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Slowdown in living standards 'so large that families today would be £20,000 richer'

A report carried out by the Resolution Foundation has found that the scale of Britain's living standards slowdown over the last 20 years is so large that families today would be £20,000 richer if incomes had continued at the rate of growth trending in 2005.

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Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget

Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a 'level playing field' and protect workers' pay.

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