Business News

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

Manufacturing activity remains firm, but supply pressures mount, says CBI

UK manufacturing output volumes in the quarter to October grew at a similarly firm pace to September, according to the Confederation of British Industry (CBI).

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FSB study shows small firms losing £25 billion per year to tax admin

A study carried out by the Federation of Small Businesses (FSB) has showed that small firms are losing £25 billion per year as compliance costs and time lost to dealing with tax admin soar.

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Heat pump grants worth £5,000 to help replace gas boilers

Homeowners in England and Wales will be offered subsidies of £5,000 from next April to help them to replace old gas boilers with low carbon heat pumps.

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Pensions experts say a minimum of £10,900 a year needed to retire

A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA).

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Applications now open for freeports

Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.

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Over 40 trade associations back statement on business rate reform

A joint statement issued by 41 of the UK's trade associations has called on the government to reform business rates in order to help unlock green investment.

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Deadline for 2020/21 self assessment tax returns approaching

HMRC has reminded self assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching.

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Chancellor has 'little room for manoeuvre' in the Budget

Chancellor Rishi Sunak will have 'little room for manoeuvre' in this month's Budget and Spending Review, according to the Institute for Fiscal Studies (IFS).

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ICAEW calls for Autumn Budget to 'accelerate work to build modern tax system'

The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system.

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