Business News

22 Sep 2023

Interest rates held at 5.25%

UK interest rates have been left unchanged at 5.25% by the Bank of England's Monetary Policy Committee (MPC).

21 Sep 2023

HMRC urges nearly 430,000 young people to claim Child Trust Fund cash

HMRC has urged almost 430,000 young people with an unclaimed Child Trust Fund (CTF) to claim their cash.

20 Sep 2023

UK inflation rate falls to 6.7%

The UK rate of inflation fell to 6.7% in the year to August 2023, data published by the Office for National Statistics (ONS) has revealed.

19 Sep 2023

Autumn Statement to be a 'watershed moment' for small business support

The Federation of Small Businesses (FSB) has stated that the upcoming Autumn Statement will be a 'watershed moment' for the government in regard to it proving its small business support credentials.

18 Sep 2023

IoD reacts to changes to Corporate Governance Code

The Institute of Directors (IoD) has responded to changes to the UK Corporate Governance Code submitted for consultation by the Financial Reporting Council (FRC).

15 Sep 2023

Number of cash transactions rises for first time in a decade

Data published by UK Finance has revealed that the number of payments made with cash rose for the first time in a decade in 2022.

14 Sep 2023

Government slow to recover over £1 billion Covid grant fraud

The government has been slow to recover losses of £1.1 billion from fraud and error in Covid grant schemes, according to MPs in the Public Accounts Committee (PAC).

13 Sep 2023

UK economy shrank in July, official data shows

Data published by the Office for National Statistics (ONS) has revealed that the UK economy shrank more than experts had expected in July as a result of strike action and wet weather.

12 Sep 2023

Run-up to General Election to be marred by 'continued stagnation' of living standards

A report published by think tank the Resolution Foundation has suggested that the run-up to the next General Election will be affected by continued living standards stagnation.

11 Sep 2023

SMEs 'struggling to access finance', says ACCA

A report published by the Association of Chartered Certified Accountants (ACCA) has suggested that small and medium-sized enterprises (SMEs) are struggling to access finance and working capital.

08 Sep 2023

Business group calls for 'urgent' new legislation to safeguard workers against AI

The Trades Union Congress (TUC) has called for urgent new legislation to help safeguard UK workers against AI.

07 Sep 2023

'Fragile' UK economy 'stuck in first gear', BCC warns

The British Chambers of Commerce (BCC) has warned that the UK economy is 'fragile' and is 'stuck in first gear'.

06 Sep 2023

Government confirms 2023 Autumn Statement date

The government has confirmed that Chancellor Jeremy Hunt will present the 2023 Autumn Statement on 22 November.

05 Sep 2023

Individuals warned scammers are impersonating finance watchdog

The Financial Conduct Authority (FCA) has warned that scammers are impersonating it to get individuals to disclose sensitive information or part with money.