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Business News

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

Business leaders believe Employment Rights Act will harm growth

Research carried out by the Institute of Directors (IoD) has indicated that 86% of business leaders believe that the Employment Rights Act will adversely affect UK growth.

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Three quarters of workers not on track for 'moderate' pension income

Three quarters of UK workers are not on course to save enough for a 'moderate' lifestyle when they retire, according to a report by Pensions UK.

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Hospitality sector calls 10% VAT rate

Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cut hospitality VAT to 10% by UKHospitality.

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Business confidence improves despite rising concerns about Iran conflict

Confidence in both the UK economy and their own organisations rose amongst business leaders during May, according to research from the Institute of Directors (IoD).

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'Urgent action' needed to boost career opportunities for young people

A new report has warned that one in six young people will not be in education, employment or training within five years if 'urgent action' is not taken.

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Advisory Fuel Rates

New company car advisory fuel rates have been published and will take effect from 1 June 2026.

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Youth employment approaching pandemic and financial crisis levels

The recent fall in youth employment is now approaching the decline seen during the Covid-19 pandemic and 2008 financial crisis, according to the Institute for Fiscal Studies (IFS).

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Temporary reduced rate of VAT for children's meals, tickets and family attractions

The government is helping families this summer with the cost-of-living crisis by cutting VAT on attractions and meals out. The temporary reduced rate of VAT will cover children's meals, tickets and family attractions.

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Approved Mileage Allowance Payments (AMAPs), Mileage Allowance Relief (MAR) and self-employed mileage

The government has announced increases to AMAPs, MAR and self-employed mileage rates, which will be backdated to 6 April 2026.

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