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Business News

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

Iran war could cost Treasury up to £8 billion a year

Prolonged conflict in the Middle East could cost the Treasury up to £8 billion a year through higher debt interest payments and lost tax revenue, warns the Institute for Public Policy Research (IPPR).

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Record number of taxpayers file self assessment in April

A record 737,891 taxpayers filed their 2025/26 self assessment returns in April, according to figures from HMRC.

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Economy grew by 0.6% in first quarter of the year

The UK economy grew by 0.6% in the first quarter of 2026, according to the latest data from the Office for National Statistics (ONS).

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'Disproportionate tax burden' closing two pubs a day

A total of 161 pubs closed across Britain in the first three months of 2026, an equivalent of almost two a day, according to figures from the British Beer and Pub Association (BBPA).

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Government must fix 'broken business rates'

The government must take the chance to fix the UK's broken business rates system, says the British Chambers of Commerce (BCC).

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ICAEW encourages taxpayers to sign up to Making Tax Digital

Taxpayers who are required to use Making Tax Digital (MTD) for Income Tax from April 2026 should sign up now if they haven't done so already, says the Institute of Chartered Accountants in England and Wales (ICAEW).

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HMRC reminds parents to extend Child Benefit claims

HMRC is reminding parents of 16-19-year-olds to extend their Child Benefit claim if their teenager is staying in certain types of education or training after their GCSEs or National 5s.

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Long-term borrowing costs reach highest level since 1998

Long-term borrowing costs have reached their highest level since 1998 as a result of the Iran war and ongoing uncertainty over local and national elections.

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Chancellor's tax on EVs 'could create hole in Treasury's finances'

Experts have warned Chancellor Rachel Reeves that her pay-per-mile electric vehicle (EV) tax could create a £4.8 billion hole in the Treasury's finances.

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