Business News

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

Many firms 'support extension of pensions auto-enrolment', CBI finds

Research carried out by the Confederation of British Industry (CBI) and insurer Scottish Widows has revealed that many UK businesses would like to see the pensions auto-enrolment scheme made available to more workers.

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Public borrowing 'could double in 2020 as result of no-deal Brexit', OBR cautions

The Office for Budget Responsibility (OBR) has warned that public borrowing could double next year if the government fails to secure a Brexit deal.

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Fraud 'costing UK businesses £130 billion each year', report suggests

A report published by the Centre for Counter Fraud Studies at the University of Portsmouth has suggested that fraud costs UK businesses £130 billion each year.

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Wage growth 'accelerates to highest rate since financial crisis'

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019 - representing the highest rate since the financial crisis in 2008.

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HMRC urges firms to register for MTD for VAT before August

HMRC is urging businesses to register for Making Tax Digital for VAT (MTD for VAT) before the 7 August VAT filing date.

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Research suggests women 'save just a third of amount men do' for retirement

Research carried out by the Pensions Policy Institute (PPI) has suggested that, by the time they come to retire, women have saved just a third of the amount that men have for later life.

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Government publishes Finance Bill 2019-20 draft legislation

The government has published draft legislation for Finance Bill 2019-20.

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OTS outlines alterations to IHT system

In a new report, the Office of Tax Simplification (OTS) has outlined a series of recommendations designed to 'simplify the UK's inheritance tax (IHT) system'.

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UK corruption risks are 'significantly underestimated', Fraud Advisory Panel cautions

A focus on overseas bribery means UK officials are 'underestimating the risk of corruption at home', the Fraud Advisory Panel (FAP) has cautioned in a new report.

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We are a member firm of the Institute of Chartered Accountants of England & Wales (ICAEW). Registered to carry on audit work in the UK and Ireland. Our Insurer is Prosure Solutions (per W R Berkley , and IGI), 34 Lime St, London EC3M 7AT (worldwide, excluding North America). Also an independent member of GGI, a multidisciplinary worldwide association of accountants, tax consultants & lawyers.