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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…

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,…

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…

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…

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…

Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery.

The Chancellor said he was aiming to…

The UK is at risk of recession after revised figures showed the economy shrank between July and September, according to data from the Office for National Statistics (ONS).

Gross domestic product,…

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

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

The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA).

In a survey of ACCA…