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Business News

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

Tax system doesn't support entrepreneurs, MPs warn

Over 90 MPs have warned Chancellor Rachel Reeves that the UK tax system doesn't support Britain's entrepreneurs.

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Financial losses from scams hit £1.3 billion a year

Cases of fraud in the UK have surged, with almost £1.3 billion stolen by scammers in 2025, according to UK Finance.

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UK inflation rate remains at 2.8%

The UK's inflation rate remains at 2.8% in the year to May, according to the latest data from the Office for National Statistics (ONS).

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Expansion of 'uncertain tax treatment' rules cause for concern

Government plans to extend the rules requiring some taxpayers to declare 'uncertain' tax positions risk creating more compliance burdens and tax disputes according to the Chartered Institute of Taxation (CIOT).

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Pension saving plummets when employees move into self-employment

More than three-quarters of employees who consistently saved into a pension stop doing so when they move into self-employment, according to research from the Institute for Fiscal Studies (IFS).

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UK economy contracts due to Middle East conflict

The UK's economy contracted by 0.1% in April due to the impact of the war in Iran, according to data from the Office for National Statistics (ONS).

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Employers need to show workforce flexibility for World Cup

Employers are being urged to implement clear policies on staff time off, sickness absence, and flexible working as the World Cup gets underway.

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HMRC boosts funding for taxpayers needing extra support

More than £11 million in funding has been made available to taxpayers struggling with their tax affairs.

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Business costs at tipping point, warns CBI

The UK economy has the 'makings of a true growth story' but that a record high business tax burden is it at risk, warns the Confederation of British Industry (CBI).

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