Business News

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

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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New cryptoasset rules aim to protect consumers

The government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.

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Lack of trust and board expertise putting brakes on AI adoption

A lack of trust and a shortage of expertise at board level are limiting the adoption of AI in UK businesses, according to research from the Institute of Directors (IoD).

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Chancellor unveils plans to maintain level playing field for British business

Chancellor Rachel Reeves has said British businesses will be supported in trading freely as she takes action on practices that undercut fair trade, such as the dumping of cheap goods into the UK.

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IHT receipts reach record £8.2 billion

Figures published by HMRC have revealed that Inheritance Tax (IHT) receipts reached a record £8.2 billion in the 2024/25 tax year as a result of rising asset values.

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