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UK economic growth 'robust' in 2024, think tank says

The UK has risen in the rankings of the G7 group of nations to have the joint-second highest economic growth for this year, according to the Organisation for Economic Co-operation and Development (OECD).

26 Sep 2024

Young people reminded to reclaim government savings

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.

25 Sep 2024

Chancellor hits the right notes in Conference speech

Chancellor of the Exchequer Rachel Reeves hit the right notes in her speech to the Labour Party conference, says the Confederation of British Industry (CBI).

24 Sep 2024

HMRC urged to take action to 'defuse side hustle time bomb'

The Low Incomes Tax Reform Group (LITRG) has urged HMRC to take action in order to make sellers aware of the fact that they may need to file a tax return and pay tax on their online trading income.

23 Sep 2024

Interest rates held at 5%

The Bank of England’s Monetary Policy Committee (MPC) voted to hold interest rates at 5%.

20 Sep 2024

Savers added $4 billion into cash ISAs in first half of 2024, data shows

Savers deposited an additional £42 billion into cash ISAs in the first half of this year, data from Paragon Bank has revealed.

19 Sep 2024

Inflation rate holds steady in August at 2.2%

Inflation has held steady at 2.2% in the year to August, according to the Office for National Statistics (ONS).

18 Sep 2024

Billion-pound tax bombshell to hit hospitality, warns trade body

The end of business rates relief will sting hospitality with a £928 million bill in April unless the government acts in the Budget, warns UK Hospitality.

17 Sep 2024

IPSE call for fairer off-payroll rules in Budget

The Chancellor should use her Autumn Budget to make off-payroll working rules ‘fairer and more effective’, according to the Association of Independent Professionals and the Self-Employed (IPSE).

16 Sep 2024

IoD outline key policy changes in Budget submission

In a letter to Chancellor Rachel Reeves, the Institute of Directors (IoD) has outlined its key policy changes for the upcoming Autumn Budget.

13 Sep 2024

Reforms to IHT, CGT and NI 'could raise over £20 billion a year'

The Resolution Foundation has suggested that reforms to inheritance tax (IHT), capital gains tax (CGT) and national insurance (NI) could raise more than £20 billion a year.

12 Sep 2024

UK economy unexpectedly flatlines for second month in row

The UK economy flatlined in July after also showing 0.0% growth in June, according to the Office for National Statistics (ONS).

11 Sep 2024

£5.5 billion lost as a result of tax evasion, report finds

A report published by the National Audit Office (NAO) has found that £5.5 billion was lost due to tax evasion in 2022/23.

10 Sep 2024

Business group urges government to fix 'antiquated' business rates rules

The Confederation of British Industry (CBI) has urged the government to fix the ‘antiquated’ business rates system in England in order to ‘boost investment and grow the economy’.

09 Sep 2024