News
Stay up to date on all of the latest business and tax happenings.
Business News
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.
17 Nov 2025
Outdated rules could dim UK's creative spirit, warns FSB
Small firms in the creative industries are ready to drive growth ? but need a system that reflects the realities of modern work, the Federation of Small Businesses (FSB) has warned.
14 Nov 2025
Chancellor rules out cutting tax-free pension lump sum limit in Budget
The Treasury has confirmed that Chancellor Rachel Reeves will not cut the tax-free pension lump sum limit in the Autumn Budget on 26 November.
13 Nov 2025
Budget 'make or break' after sluggish growth figures, says BCC
Chancellor Rachel Reeves is facing a 'make or break' Budget after sluggish growth figures were published for the third quarter of the year, says the British Chambers of Commerce (BCC).
12 Nov 2025
UK jobs market weakens as unemployment rises
Data published by the Office for National Statistics (ONS) has revealed that the unemployment rate rose to 5% in the three months to September.
11 Nov 2025
Employers expect AI to shrink workforce over coming year
Research carried out by the Chartered Institute of Personnel and Development (CIPD) has suggested that one in six employers anticipate that artificial intelligence (AI) will shrink their workforce over the next year.
10 Nov 2025
Think tank urges Chancellor to prioritise prices in Autumn Budget
Think tank the Resolution Foundation has called on Chancellor Rachel Reeves to use the Autumn Budget on 26 November to put the public finances in order and reduce prices and poverty.
7 Nov 2025
Interest rates held at 4%
Ahead of the Autumn Budget on 26 November, the Bank of England has held interest rates at 4%.
6 Nov 2025
Urgent action required to help small firms unlock trade benefits
The British Chambers of Commerce (BCC) has called for 'urgent action' to help small firms unlock trade deal benefits.
5 Nov 2025
Chancellor refuses to rule out raising taxes in Autumn Budget
In a pre-Autumn Budget speech from Downing Street, Chancellor Rachel Reeves has refused to rule out raising taxes in the upcoming Autumn Budget on 26 November.
4 Nov 2025
CIOT calls for implementation of IHT transitional gifting rule
The Chartered Institute of Taxation (CIOT) has urged the government to implement a transitional rule to allow older farmers and other business owners to gift assets to the younger generation free of Inheritance Tax (IHT) before changes take effect in April 2026.
3 Nov 2025
More small firms expect to shrink than grow
Research published by the Federation of Small Businesses (FSB) has revealed that more small firms expect their business to shrink rather than grow over the next year.
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