Business News

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

Bank deposit protection limit to be increased to £120,000

UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail from 1 December, the Prudential Regulation Authority (PRA) has confirmed.

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AI tools giving risky consumer advice, warns Which?

AI tools including Chat GPT, Gemini and Meta AI are giving inaccurate, unclear and risky advice which could prove costly if followed, warns consumer champion Which?.

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UK inflation rate falls for first time since March

The UK inflation rate fell to 3.6% in the year to October, according to the latest data from the Office for National Statistics (ONS).

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Christmas crafters urged to check tax rules

HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings.

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Outdated rules could dim UK's creative spirit, warns FSB

Small firms in the creative industries are ready to drive growth ? but need a system that reflects the realities of modern work, the Federation of Small Businesses (FSB) has warned.

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Chancellor rules out cutting tax-free pension lump sum limit in Budget

The Treasury has confirmed that Chancellor Rachel Reeves will not cut the tax-free pension lump sum limit in the Autumn Budget on 26 November.

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Budget 'make or break' after sluggish growth figures, says BCC

Chancellor Rachel Reeves is facing a 'make or break' Budget after sluggish growth figures were published for the third quarter of the year, says the British Chambers of Commerce (BCC).

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UK jobs market weakens as unemployment rises

Data published by the Office for National Statistics (ONS) has revealed that the unemployment rate rose to 5% in the three months to September.

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Employers expect AI to shrink workforce over coming year

Research carried out by the Chartered Institute of Personnel and Development (CIPD) has suggested that one in six employers anticipate that artificial intelligence (AI) will shrink their workforce over the next year.

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