Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.HMRC discontinues tax clearance for MVLs
Clearance service withdrawn with immediate effect.House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.UK economy faces stagnation until 2025
Multiple challenges contributing to subdued growth.FSB joins forces with BoE to safeguard SMEs against counterfeit notes
Cash payments set to surge over the Christmas period.Manufacturing output declines in three months to November
Industry trends survey showed that production fell to -17%.Self-assessment threshold increased to £150,000
From 2024/25, PAYE income over £150,000 is exempt.One in four Brits borrow money over Christmas.
Brits set to borrow £14 million this festive season.Challenges loom for UK retailers
UK inflation shows signs of retreat ahead of Christmas shopping season.