Companies face prosecution risk as new fraud law comes into force
Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence. The offence will hold large organisations to…
Economic outlook remains subdued
The overall outlook for the UK economy remains subdued despite an upgrade to its forecast, says the British Chambers of Commerce (BCC). The UK economy is expected to grow by…
Chancellor to explore reforms to business rates on second premises
Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury. Currently when…
Budget Board must focus on easing the cost of doing business, says IoD
The government’s Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD). The board has been created to link top ministers and 10…
Covid repayment window opens
The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with ‘no…
AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO
Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, according to a…
Failed housing transactions cost £1.5 billion a year
Failed housing transactions cost consumers and the economy at least £1.5 billion every year, according to research published by Santander. The research says that over 530,000 transactions fall through every…
Lowering VAT threshold would be manifesto breach, warns IPSE
Lowering the threshold for VAT registration would breach Labour’s manifesto, IPSE, the Self-Employed Association has warned. IPSE says that the government is in a bind both politically and economically. Having…
Crackdown on late payments launched in plan to back small businesses
The government is set to tackle late payments to businesses with significant legislative reforms. Late payments cost the UK economy £11 billion a year and shut down 38 businesses every…
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