Britain’s prospects for growth have declined, leaving the chancellor with a multibillion-pound hole before the budget in March, the government’s spending watchdog has warned.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
British households and businesses to be paid £2m to cut power use today
National Grid is expected to pay out more than £2m to households and businesses to encourage them to cut their power use at peak times on Tuesday.
Ford cuts 3,200 jobs in Europe and moves work to the US
Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, as the carmaker looks to slash costs and shift focus towards electric vehicles.
Drop in disposable income is affecting everybody in UK
Britons cut back on shopping in the final three months of the year, according to new figures that suggest all regions of the UK are facing similar pressures on the cost of living.
Twitter sued by King Charles over unpaid rent
Twitter is being sued by the Crown Estate amid allegations of unpaid rent at its London headquarters.
Microsoft turns up its chatbot stake
Microsoft has confirmed that it will increase its stake in the developer behind the advanced ChatGPT chatbot through a “multi-year, multibillion-dollar investment”.
Falling gas prices could take bills below £3,000 a year, says Ofgem
Energy bills could fall below £3,000 a year within months but are likely to remain high and volatile, requiring continued subsidies for vulnerable households, the regulator has said.
UK borrowing pushed to new record amid energy crisis and debt bill
British government borrowing shot up to a December record on the back of a climbing debt interest bill and the cost of energy subsidies for households and businesses.
Inheritance Tax Receipts reach £5.3 billion in the months from April to December 2022
Figures released by HMRC today show that the Treasury raked in £5.3 billion in inheritance tax receipts in the months from April to December 2022. This is £700 million more than in the same period a year earlier, continuing the upward trend.
Michelle Mone’s husband linked to three tax avoidance schemes
HMRC has added five existing tax avoidance schemes to its online list of tax avoidance promoters, enablers and suppliers – three of which are linked to Michelle Mone’s husband, Douglas Barrowman.
Ryan Reynolds donates £1,600 towards youth football team’s new kit in Wrexham
Deadpool star Ryan Reynolds has surprised a children’s football team by donating £1,600 so they can buy a new kit.
Lloyds and Halifax to shut 40 branches as footfall declines
Lloyds and Halifax have become the latest banks to announce branch closures with 40 to be axed in the face of a significant drop-off in footfall.
Nadhim Zahawi settled tax issue with HMRC while he was chancellor
Nadhim Zahawi settled his tax issue with HMRC while he was serving as chancellor, a government source has said.
National Grid to pay households to use less electricity in ‘demand flexibility service’ scheme
Hundreds of thousands of households will be paid to use less electricity this evening as National Grid deploys its emergency scheme to avoid blackouts for the first time.
Cash boost for millions of workers as government backs new law to ensure all staff keep their tips
Millions of UK workers will be able take home more of their hard-earned cash under new legislation, backed by the government, banning employers from withholding tips from their staff.
