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Business News

13 Jun 2025

Economists warn tax hikes likely in the autumn

Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.

12 Jun 2025

UK economy shrunk in April

The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.

11 Jun 2025

Spending review is opportunity to back small business

The government must 'make every taxpayer pound count' in the Spending Review, the Federation of Small Businesses (FSB) has warned.

10 Jun 2025

FCA in international crackdown on unlawful finfluencers

The Financial Conduct Authority (FCA) joined forces with nine international regulators for a week of action to combat the risks of finfluencers on social media.

9 Jun 2025

Energy costs 'an anchor on our ambition', warns CBI chief

High energy bills in the UK are an 'anchor' on private sector ambitions, according to Rain Newton-Smith, CEO of the Confederation of British Industry (CBI).

6 Jun 2025

Government introduces Pension Schemes Bill

The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.

5 Jun 2025

Cost of minimum retirement lifestyle has fallen amid lower energy prices

The minimum amount someone needs in retirement has fallen, amid lower energy prices and people's changing expectations, according to a report from the Pensions and Lifetime Savings Association (PLSA).

4 Jun 2025

Recovery in business confidence underway

A recovery in business confidence underway with optimism rising among commercial leaders, according to the Institute of Directors (IoD).

3 Jun 2025

IFS outlines 'four big decisions' for Spending Review

Ahead of the 2025 Spending Review on 11 June, the Institute for Fiscal Studies (IFS) has outlined four 'big decisions' for the government to make.

2 Jun 2025

HMRC names and shames employers failing to pay NLW

HMRC recently named and shamed UK employers who have failed to pay their employees the National Living Wage (NLW) or the National Minimum Wage (NMW).

30 May 2025

Chancellor outlines pension 'megafunds' plans

Chancellor Rachel Reeves has set out government plans to double the number of so-called pension 'megafunds' by 2030.

29 May 2025

New report outlines path to cut firms' net zero costs

A report carried out by the Federation of Small Businesses (FSB) has outlined a path to help cut carbon emissions and costs for small firms.

28 May 2025

IMF updates growth forecast for UK economy

The International Monetary Fund (IMF) has revised its growth forecast for the UK economy and now anticipates growth of 1.2% this year.

27 May 2025

Household Support Fund 'needs reforming'

Think tank the Resolution Foundation has stated that the Household Support Fund needs renewing and reforming to ensure it continues to help families through the cost-of-living squeeze.

23 May 2025

Higher borrowing figures 'increase prospect of tax rises'

Experts have warned that recent higher than anticipated government borrowing figures have increased the prospect of Chancellor Rachel Reeves raising taxes at the next Budget.

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