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Business News

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

Economists warn tax hikes likely in the autumn

Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.

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UK economy shrunk in April

The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.

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Spending review is opportunity to back small business

The government must 'make every taxpayer pound count' in the Spending Review, the Federation of Small Businesses (FSB) has warned.

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FCA in international crackdown on unlawful finfluencers

The Financial Conduct Authority (FCA) joined forces with nine international regulators for a week of action to combat the risks of finfluencers on social media.

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Energy costs 'an anchor on our ambition', warns CBI chief

High energy bills in the UK are an 'anchor' on private sector ambitions, according to Rain Newton-Smith, CEO of the Confederation of British Industry (CBI).

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Government introduces Pension Schemes Bill

The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.

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Cost of minimum retirement lifestyle has fallen amid lower energy prices

The minimum amount someone needs in retirement has fallen, amid lower energy prices and people's changing expectations, according to a report from the Pensions and Lifetime Savings Association (PLSA).

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Recovery in business confidence underway

A recovery in business confidence underway with optimism rising among commercial leaders, according to the Institute of Directors (IoD).

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IFS outlines 'four big decisions' for Spending Review

Ahead of the 2025 Spending Review on 11 June, the Institute for Fiscal Studies (IFS) has outlined four 'big decisions' for the government to make.

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