The ONS have released their latest estimates of employment, unemployment, economic inactivity, and other employment-related statistics for the UK. Pay growth in the private sector fell to 2.9% in the three months to July, equalling the lowest rate since October…
In a speech ahead of the Autumn Budget on 28 October, Chancellor John Healey pledged to make Great Britain ‘growth Britain again’ by strengthening the UK’s economic growth trajectory. Mr Healey said that he understands that small businesses in the…
Research carried out by insurer Simply Business has revealed that 47% of UK small business owners are using artificial intelligence (AI) tools. The latest figure represents a significant increase compared to 2025, when just 22% of firms stated they actively…
The government recently launched an overhaul of corporate reporting that it hopes will save UK businesses more than £450 million per year. As part of the changes, the government will replace paperwork reporting with digital systems and explore how AI…
HMRC’s proposal to make it easier to prosecute taxpayers could have a detrimental impact on low-income unrepresented taxpayers, warns the Low Incomes Tax Reform Group (LITRG). The LITRG has raised concerns that HMRC has failed to fully explain why its…
The latest economic forecast published by the British Chambers of Commerce (BCC) has revealed that the growth outlook for the UK has been affected by weak business investment. According to the BCC, GDP in 2026 is expected to grow by…
Declarations of over than £1 million in capital gains from cryptoassets in the 2024/25 tax year were made by 240 individuals, according to data published by HMRC. The tax authority said the group accounted for a total of £717…
Data published by the Office for National Statistics (ONS) has revealed that government borrowing was higher than experts had anticipated in July. Borrowing totalled £1.8 billion in July. Official forecasters had expected a surplus of £500 million - meaning that…
The government will carry out a review of business rates valuations for pubs and hotels to improve fairness and transparency. Pubs and hotels saw significant increases in rateable value at the 2026 revaluation due to the ending of pandemic-era valuations.…
HMRC has updated its guidance on the temporary reduced rate of VAT applicable to children’s meals, family attractions and tickets. Between 25 June and 1 September 2026, the rate of VAT on children’s meals and specific attractions is reduced from…
