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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
SME lending declines by 20%
UK Finance’s business finance review reveals notable decline.Inflation drops by more than expected in November
November inflation figure hits 26-month low of 3.9%.SME lending declines
UK Finance’s business finance review reveals notable decline.Surge in UK company insolvencies
Registered company insolvencies experience a 21% increase.Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.HMRC discontinues tax clearance for MVLs
Clearance service withdrawn with immediate effect.House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.UK economy faces stagnation until 2025
Multiple challenges contributing to subdued growth.
Latest blog
Theatre Tax Relief – the current position
Read the latest from our guest blogger, Sean Egan, specialist in arts and media business affairs