Business News

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

CGT revenue falls by 18%

Statistics published by HMRC have revealed that Capital Gains Tax (CGT) revenue fell by 18% in the 2023/24 tax year.

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IFS calls for 'decisive action' to future-proof pension system

The Institute for Fiscal Studies (IFS) has called for the government to take 'decisive action' to ensure the pension system is future-proofed for the next generation.

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IHT to be charged on unused pension pots from 2027

The government will charge Inheritance Tax (IHT) on unused pension pots and death benefits from April 2027.

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Government urged to 'harness optimism to grow economy'

The British Chambers of Commerce (BCC) has called on the government to harness retail investor optimism to help grow the UK economy.

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Government publishes Finance Bill supporting documents

The government recently published draft legislation for Finance Bill 2025-26 for consultation.

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Pensioners 'set to be worse off', warns DWP

The Department for Work and Pensions (DWP) has warned that pensioners retiring in 2050 are set to be worse off than those retiring today.

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International companies 'underpaid £8.8 billion in tax'

HMRC estimates that US firms underpaid £8.8 billion in taxes in 2024.

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More small firms expect to shrink than grow

The proportion of small firms expecting to contract, sell or close outnumbered the percentage hoping to grow, the Federation of Small Businesses (FSB) has warned.

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Recruitment static as firms assess NICs impact

Recruitment at UK firms remained static in the second quarter of 2025 as businesses continued to assess the impact of the rise in employer National Insurance contributions (NICs), says the British Chambers of Commerce (BCC).

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