News

Stay up to date on all of the latest business and tax happenings.

Business News

3 Dec 2025

Spending cuts and tax rises to serve as headwinds to economy

A report published by the Organisation for Economic Co-operation and Development (OECD) has suggested that tax rises and spending cuts announced by Chancellor Rachel Reeves will serve as headwinds to the UK economy.

2 Dec 2025

Director confidence 'near record low'

A report carried out by the Institute of Directors (IoD) has found that confidence amongst business directors is at a near record low.

1 Dec 2025

MTD penalties waived for first year of Income Tax

Self assessment taxpayers due to join Making Tax Digital for Income Tax (MTD for IT) next April will not face penalties if late filing quarterly updates.

28 Nov 2025

Chancellor 'choosing to spend more and borrow more', says think tank

In its response to the 2025 Autumn Budget, the Institute for Fiscal Studies (IFS) has stated that Chancellor Rachel Reeves is 'choosing to spend more and borrow more' than she previously said she would.

27 Nov 2025

View our 2025 Autumn Budget Report

Chancellor Rachel Reeves delivered her 2025 Autumn Budget speech yesterday, outlining a range of financial measures.

26 Nov 2025

2025 Autumn Budget - what to expect

Chancellor Rachel Reeves will present the 2025 Autumn Budget today. We will keep you up to date on the key Autumn Budget announcements and supply a summary, which will appear on our website.

26 Nov 2025

2025 Autumn Budget - the political reaction

Addressing the House of Commons, Chancellor Rachel Reeves used the 2025 Autumn Budget to freeze Income Tax and National Insurance (NI) thresholds for an extra three years beyond 2028; remove the two-child benefit cap from April 2026; and extend the 5p 'temporary' Fuel Duty cut on petrol and diesel until September 2026.

26 Nov 2025

2025 Autumn Budget - the business reaction

Business groups have reacted to Chancellor Rachel Reeves' Autumn Budget speech.

26 Nov 2025

2025 Autumn Budget - the economic picture

Within her Autumn Budget speech, Chancellor Rachel Reeves announced measures that will raise taxes by £26 billion in 2029/30, including a freeze on Income Tax and National Insurance (NI) thresholds beyond 2028 and a cap on the amount under-65s can put into Cash ISAs.

25 Nov 2025

UK announces billions more investment in AI

The UK government has announced that billions of additional private investments has been committed to help build the country's AI capabilities.

24 Nov 2025

VAT reform could raise £80 billion a year, claims ICAEW

The Chancellor could raise billions by reforming UK's 'outdated and overly complex' VAT system, claims the Institute of Chartered Accountants in England and Wales (ICAEW).

21 Nov 2025

Bank deposit protection limit to be increased to £120,000

UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail from 1 December, the Prudential Regulation Authority (PRA) has confirmed.

20 Nov 2025

AI tools giving risky consumer advice, warns Which?

AI tools including Chat GPT, Gemini and Meta AI are giving inaccurate, unclear and risky advice which could prove costly if followed, warns consumer champion Which?.

19 Nov 2025

UK inflation rate falls for first time since March

The UK inflation rate fell to 3.6% in the year to October, according to the latest data from the Office for National Statistics (ONS).

18 Nov 2025

Christmas crafters urged to check tax rules

HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings.

Hot Topics

26 Nov 2025

Chancellor raises billions in Budget

A review of the major tax and spending decisions announced on 26 November.