
UK borrowing falls in May after higher tax on businesses
UK public sector borrowing fell to £17.7bn in May, below forecasts, as higher national insurance receipts and lower debt interest costs eased pressure on public finances.
The latest news affecting small and medium sized (SME) businesses in the UK

UK public sector borrowing fell to £17.7bn in May, below forecasts, as higher national insurance receipts and lower debt interest costs eased pressure on public finances.

Retail sales in the UK fell 2.7% in May — the largest monthly drop since December 2023 — driven by weaker demand for food, clothing and…

Inheritance‑tax receipts reached £1.5 billion in April and May, the first two months of the 2025‑26 tax year, HM Revenue & Customs revealed on Thursday.

Morrisons has reported a sharp rebound in trading after a ransomware attack earlier this year disrupted product availability across its stores.

More than £1bn has now been paid to over 7,300 victims of the Post Office Horizon IT scandal, as compensation continues through four complex redress schemes.

The Bank of England leaves interest rates on hold at 4.25%, but hints at a possible cut in August as global tensions, rising oil prices, and…

Shell CEO Wael Sawan warns a blockage of the Strait of Hormuz amid rising Israel-Iran tensions could severely disrupt global trade and energy markets, as oil…

Raspberry Pi CEO Eben Upton and CFO Richard Boult sell over £2m in shares following lock-up expiry, triggering a share price dip despite strong IPO gains.

Companies House has removed more than 10,000 companies from the official register in a sweeping crackdown on fraud, corporate abuse and organised crime, after uncovering a…

The Department of Health and Social Care’s handling of a £122 million PPE contract came under increasing scrutiny last week as three days of testimony in…

UK inflation cooled to 3.4% in May, with core and services inflation also easing. The Bank of England is expected to hold interest rates at 4.25%…

Nissan has revealed its third-generation electric Leaf, to be built in Sunderland with UK-made batteries and a range of up to 375 miles, as part of…

Energy Secretary Ed Miliband says Labour will defeat critics of net zero by creating jobs in offshore wind, as the government unveils £1bn to boost the…

DNA firm 23andMe fined £2.31m by UK regulator for a 2023 data breach that exposed sensitive health and family information. Sale to TTAM Research to include…

Transport Secretary Heidi Alexander to reveal billions were wasted on HS2 by the previous Conservative government due to poor management, bad contracts and scrapped designs, as…