Business News

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

UK economy grows 0.7% in first quarter

The UK's economy grew by more than expected in the first three months of the year, according to the latest data from the Office for National Statistics (ONS).

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Entrepreneurs considering selling businesses due to tax changes

British entrepreneurs are considering selling their businesses as a result of changes to tax policy and ongoing economic uncertainty.

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One in four employers plan to make redundancies in next quarter

The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).

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Record numbers file assessment in first week of new tax year

Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.

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Interest rates cut to 4.25%

The Bank of England has cut interest rates from 4.5% to 4.25%, the lowest rate since May 2023.

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HMRC criticised for delays in processing tax refunds

HMRC has come under fire for delays in processing tax refunds.

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Business confidence rises to highest level since late 2024

Data published by the Institute of Directors (IoD) has revealed that confidence amongst business leaders has risen to its highest level since before the 2024 Autumn Budget.

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Government warned over 'lost generation'

The government should urgently tackle the jobs crisis among young people or it will risk facing a 'lost generation', according to the British Chambers of Commerce (BCC).

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HMRC launches new online help for compliance checks

HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.

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