This section contains the latest business news stories.

FSB calls for introduction of apprenticeship incentive for under 25s

08 Feb 2023

The Federation of Small Businesses (FSB) is calling for the introduction of a £3,000 apprenticeship incentive for under 25s in England.

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'Digital pound' likely to launch this decade, says Treasury

07 Feb 2023

The Treasury and the Bank of England (BoE) have suggested that a state-backed 'digital pound' will likely be launched this decade.

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HMRC urges families to make use of Tax-Free Childcare scheme

06 Feb 2023

HMRC has reminded families that they can save up to £2,000 per year on their childcare costs using the Tax-Free Childcare (TFC) scheme.

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Bank of England raises interest rates to highest level in 14 years

03 Feb 2023

Interest rates have risen to 4% ? their highest level in 14 years.

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Record 11.7 million tax returns received on time

02 Feb 2023

A record 11.7 million self assessment taxpayers submitted their tax returns by the 31 January deadline, HMRC has revealed.

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IMF warns UK economy set to shrink in 2023

01 Feb 2023

The International Monetary Fund (IMF) has warned that the UK economy is set to contract worse than any other advanced economy in 2023.

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UK business confidence plummets to 13-year low

31 Jan 2023

The UK's business confidence has dropped to a 13-year low, according to a survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW).

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Chancellor rules out tax cuts ahead of Spring Budget

30 Jan 2023

In a recent speech, Chancellor Jeremy Hunt ruled out tax cuts in favour of introducing inflation-busting measures in the upcoming Spring Budget.

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CBI survey finds retail sales volumes down in January

27 Jan 2023

A survey carried out by the Confederation of British Industry (CBI) has revealed that retail sales volumes 'fell at a fast pace' in the year to January.

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More than three million still to file self assessment returns

26 Jan 2023

Over three million self assessment taxpayers are yet to file their tax return despite there being less than a week until the deadline, according to HMRC.

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Tax receipts total £553 billion, HMRC data reveals

25 Jan 2023

Data published by HMRC has revealed that tax receipts for April 2022 to December 2022 total £553.2 billion – £48 billion higher when compared to the same period a year earlier.

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Large cost-of-living gap between rich and poor households persists, think tank warns

24 Jan 2023

Think tank the Resolution Foundation has found that a large cost-of-living gap between rich and poor households remains despite inflation continuing to ease.

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BCC warns SME exporters 'under tightening pressure'

23 Jan 2023

The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing 'tightening pressure' as a result of decreasing export sales.

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HMRC introduces automated text system to help with self assessment queries

20 Jan 2023

HMRC is trialing an automated answer-by-text system to help individuals with self assessment queries.

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