UK economy grew by more than previously estimated during first quarter

Jul 10, 2024

The UK economy grew by more than initially estimated at the start of this year, according to figures from the Office for National Statistics (ONS).

The economy grew by 0.7% between January and…

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Average earnings just £16 a week higher than 2010

Jul 08, 2024

Real average earnings are just £16 a week higher than they were 14 years ago, according to research conducted by the Resolution Foundation.

The think tank said that the UK's labour market backdrop…

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EU trade deal not working for UK business, warns BCC

Jul 01, 2024

The UK government must stop 'walking on eggshells' around improving EU trade ties, the British Chambers of Commerce (BCC) has warned.

The new government must improve the current EU-UK trade…

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Tax gap at record high

Jun 28, 2024

The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.

The tax gap was 4.8%, which…

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UK's investment rates worse than every other G7 country

Jun 25, 2024

The UK has the lowest rates of investment of any other country in the G7, according to analysis by the Institute for Public Policy Research (IPPR).

It found that, compared to the USA, Germany,…

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HMRC has not fined a single enabler of offshore tax evasion

Jun 21, 2024

HMRC has not fined a single enabler of offshore tax evasion in five years, data released in response to a Freedom of Information (FOI) request has revealed.

This is despite HMRC having landmark…

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Savers dangerously underestimating minimum cost of retirement

Jun 12, 2024

UK savers are dangerously underestimating the minimum amount needed to retire, according to research from pension provider PensionBee.

A survey of 1,000 working-age UK adults showed that 23%…

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Revitalise 'Brand Britain', says CBI

Jun 06, 2024

Revitalising 'Brand Britain' in its first 100 days in office should be a priority for the party that wins the General Election, says the Confederation of British Industry (CBI).

In…

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Advisory fuel rates for company cars

Jun 03, 2024

New company car advisory fuel rates have been published and took effect from 1 June 2024.

The guidance states: 'you can use the previous rates for up to one month from the date the new rates…

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