Business News

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

UK economy shrank in January

Data published by the Office for National Statistics (ONS) has revealed that the UK economy unexpectedly shrank in January 2025.

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Government must tackle 'archaic' infrastructure

The British Chambers of Commerce (BCC) has called for the government to 'tackle the problems of the UK's worn out infrastructure' in order to boost economic growth.

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Side hustle trading threshold raised to £3,000 per year

The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.

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Concerns over costs mount for business leaders

The Institute of Directors' (IoD) Economic Confidence Index has revealed that optimism amongst business leaders fell to -64 in February from -59 in January.

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25,000 first-time buyers set to miss Stamp Duty deadline

25,000 first-time buyers are predicted to miss the 31 March Stamp Duty deadline, according to property website Rightmove.

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Chancellor has set herself a 'fiscal trap' ahead of Spring Statement

Chancellor Rachel Reeves has set herself a trap with self-imposed fiscal rules that could force her into tax hikes and deeper spending cuts as the economy deteriorates, the Institute for Fiscal Studies (IFS) has warned.

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Employment Rights amendments do little to address employer concerns

The government's proposed amendments to the Employment Rights Bill will 'do little to alleviate employer concerns', the Institute of Directors (IoD) has warned.

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Private sector activity expected to fall

Activity in the private sector is expected to fall for the fourth consecutive quarter, according to a growth indicator from the Confederation of British Industry (CBI).

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HMRC 'softens' deadline for National Insurance top-ups

HMRC has softened the deadline for people to plug gaps in their National Insurance (NI) record.

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