Business News

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

Rate cut brings 'measure of relief' to business

Businesses will get a 'measure of relief' after interest rates were cut by the Bank of England, the British Chambers of Commerce (BCC) said.

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£35 million added to State Pension pots

People plugging gaps in their National Insurance contributions (NICs) have added £35 million to their State Pensions since last April, according to figures from HMRC.

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Firms call for reduction in tax burden on business

A survey carried out by the Institute of Directors (IoD) has revealed that a significant number of UK firms want a reduction in the tax burden on business.

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11.5 million file self assessment by 31 January deadline

More than 11.5 million taxpayers beat the self assessment deadline to file their tax return for the 2023/24 tax year by 31 January and avoid a £100 late filing penalty, according to HMRC's data.

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British household wealth increases to £13.6 trillion

Data published by the Wealth and Assets Survey (WAS) has showed that British household wealth hit a record high of £13.6 trillion in the two years to March 2022.

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Trade strategy 'prize is huge', says BCC

If the government gets its trade strategy right the 'prize is huge', the British Chambers of Commerce (BCC) has said.

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Pension reforms to 'unlock billions' in government growth agenda

New rules will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government.

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UK firms expecting slowdown, CBI finds

UK firms are expecting to reduce both output and hiring this quarter, according to a survey conducted by the Confederation of British Industry (CBI).

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Government commissions review of Loan Charge

The government has commissioned an independent review of the Loan Charge.

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