Threequarters of UK workers are not on course to save enough for a ‘moderate’ lifestyle when they retire, according to a report by Pensions UK. The report says a moderate lifestyle will cost £32,700 for one person and £45,400 for…
Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cut the VAT rate for the sector to 10% by UKHospitality. The trade group has launched #VATsTheProblem, a sector-wide campaign asking for…
Small businesses and the self-employed struggling with their finances to receive a helping hand as debt advice services are strengthened, the Treasury has announced. The Treasury is making a £4 million funding boost over three years for business debt advice services…
New company car advisory fuel rates have been published and took effect from 1 June 2026. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only…
One in three new parents are missing out on Child Benefit payments in their baby’s first year, according to HMRC’s figures. The tax authority is urging parents who welcomed a baby this spring to claim now via the HMRC app…
Alan Milburn’s Young People and Work diagnostic report must act as a ‘wakeup call’ for the UK government, warns the British Chambers of Commerce (BCC). The report argues that the UK faces a ‘generational fault line’ in the transition from education…
The government is helping families this summer with the cost-of-living crisis by cutting VAT on attractions and meals out. The temporary reduced rate of VAT will cover children's meals, tickets and family attractions. HMRC guidance explains that a temporary reduced rate of VAT of 5%…
Decisive action is needed to tackle the ‘hidden threat’ of crime against businesses damaging growth, according to the British Chambers of Commerce (BCC). Theft, fraud, scams and cyber-attacks are increasingly affecting firms of all sizes and across all sectors, BCC research has found. The business group’s research shows…
The government has announced increases to AMAPs, MAR and self-employed mileage rates, which will be backdated to 6 April 2026. This is the first uprating of the mileage rates in 15 years. The new rates are: an increase from…
The International Monetary Fund (IMF) has upgraded its forecast for the UK's growth this year but warned the Iran war could hit the economy. The growth estimate has been upgraded to 1% from 0.8% for 2026 by the IMF. It…
