Business news

Failure to pay minimum wage costs firms

18 Aug 17

233 employers forced to pay back £2m in wages and fined £1.9m.

Unemployment rate falls to 4.4%

17 Aug 17

The jobless total fell to its lowest rate since 1975 in Q2 2017.

SMEs seek accountants’ funding advice

16 Aug 17

Accountants prove most popular when it comes to financial guidance.

Most adults have no inheritance strategy

15 Aug 17

Almost 9 in 10 working adults have not checked their potential inheritance tax liability.

Total cash payments down by 11%

14 Aug 17

Cash represented almost half of all payments made in 2016.

Most small firms shunned from devolution talks

11 Aug 17

The majority of small firms are being excluded from the devolution process in their local area.

Workplace savings to fund ‘32% of retirement income’

10 Aug 17

People in the UK are expecting almost a third of their retirement income to come from workplace savings.

Private pensions boost retirees’ income

09 Aug 17

Private pensions helped retirees’ income nearly triple in real terms in the last 40 years.

Data protection overhaul to affect SMEs

08 Aug 17

Individuals will be able to legally ask businesses to delete certain personal data from May 2018.

Bank of England cuts growth forecast

07 Aug 17

As interest rates were held at 0.25%, the Bank of England has cut its growth forecast to 1.7%.

National living wage affects SME profits

04 Aug 17

Are your profits falling as a result of the latest national living wage rise? This has happened for a majority of business owners.

SME output grows at fastest rate for 7 years

03 Aug 17

SME manufacturers grew at the fastest pace in 7 years as demand for exports remained strong in Q2 2017.

Older women ‘worse off’ from state pension age change

02 Aug 17

Women aged between 60 and 62 are £32 per week poorer after pension age changes.

Stamp duty payments reach £8.3bn

01 Aug 17

Stamp duty payments reached a total £8.3 billion in 2016, up from £7.1 billion in 2015.

HMRC overtaxing savers on pension withdrawals

31 Jul 17

As many as 200,000 savers may have paid too much tax on one-off withdrawals.

Home Office to assess EU workers

28 Jul 17

Home secretary moves to allay fears over skilled foreign worker shortage after Brexit.

Pension freedoms payments hit record high

27 Jul 17

200,000 people took out flexible payments worth a record £1.86 million in the 3 months to 30 June 2017.

Adults ‘overestimate retirement discounts’

26 Jul 17

Many adults may be overestimating the perks they receive to make their retirement more affordable.

Wales to receive income tax powers in 2019

25 Jul 17

Devolution deal to hand taxation powers to Welsh Assembly in 2 years.

Customers urged to renew tax credits

24 Jul 17

If you haven't done so already, you need to renew your tax credits by 31 July 2017 or risk having payments stopped.

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