Auto-enrolment has helped workers save £114 billion into pensions

Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago, according to data published by the Department for Work and Pensions…

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UK business confidence plummets to 13 year low

The UK's business confidence has dropped to a 13-year low, according to a survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW).

The ICAEW's latest Business…

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Spring Budget must ease cost pressures on businesses, says BCC

The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the upcoming Spring Budget to help ease cost pressures on small businesses.

Research carried out by the BCC revealed…

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Two freeports confirmed for Wales

Two freeports have been confirmed for Wales by the UK and Welsh governments.

Celtic Freeport, covering Milford Haven and Port Talbot, and Anglesey Freeport will each be backed by £26 million…

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Workers must be protected from decisions made by AI, TUC says

The Trades Union Congress (TUC) has stated that UK employees must be protected from workplace decisions made by artificial intelligence (AI) systems.

The TUC warned that, in some instances,…

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MTD expected to cost £1 billion more than originally forecast

A report published by the National Audit Office (NAO) has found that HMRC's Making Tax Digital (MTD) initiative is expected to cost around £1 billion more than its initial £226 million budget, which…

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Bank of England raises UK interest rates

The UK's interest rate has been raised to 5.25% by the Bank of England, as it continues to try and bring inflation under control.

The Bank's Monetary Policy Committee increased the rate by…

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UK set for five years of lost economic growth, warns think tank

The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR).

The NIESR said the series of shocks…

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Inflation rate holds steady as UK economy grows

The UK's rate of inflation held steady in September while the nation's economy grew the month before, according to the latest figures from the Office of National Statistics (ONS).

The ONS…

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