UK inflation rate falls for first time since March
The UK inflation rate fell to 3.6% in the year to October, according to the latest data from the Office for National Statistics (ONS). October’s decline was led by a…
Autumn Budget 2025
The Government’s challenge in its second Budget was how to promote a fairer and more sustainable tax system to promote growth, support public services and help families. The overall price…
Countdown to Vaping Products Duty begins
There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026. VPD, a new excise duty,…
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…
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