Tax dodging and non-compliance during the pandemic cost the government £9bn, Whitehall’s spending watchdog has found.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Americans reduce retail spending as US inflation bites
Retail sales dropped by 0.6 per cent in the United States last month, more than anticipated and a sign of Americans’ caution in the face of sustained inflation at the start of the holiday shopping season.
Supply chain disruptions prompt fall in investment
Companies that used up cash reserves stockpiling materials when supply disruptions were at their worst are scaling back plans to invest as a result, a Bank of England survey has found.
Treasury delays programme to digitise tax system for two more years
The biggest changes to personal taxation in a quarter of a century are to be postponed for a further two years because the computer systems are not ready, triggering concerns that the government is set for another costly public sector IT disaster.
An end could be in sight to rail strikes as a resolution could be reached soon
Mick Lynch, the boss of the RMT, has said that a resolution to the rail dispute could come as soon next week.
Government announces closure of Help to Grow: Digital scheme
Businesses have less than two months to apply for the Help to Grow: Digital scheme, the government has announced, following a decision to close the programme.
Bank of England raises interest rates to 3.5%
The Bank of England has delivered its ninth consecutive interest rate rise, taking the cost of borrowing to 3.5 per cent.
Britons save £3m by using power-hungry appliances at quieter times
Britons have saved almost £3m by using tumble dryers and other power-hungry devices at quieter times, under a scheme that aims to reduce the strain on electricity networks, National Grid has said.
Showdown talks over rail strikes planned as country comes to a standstill
Union leaders, the rail minister and industry chiefs are scheduled for showdown talks on Thursday after industrial action on the rail network brought the UK to a standstill for the second day in a row.
Touts jailed for fraud over ticket reselling ordered to pay £6.2m
Two ticket touts who were jailed for fraud related to large-scale ticket reselling have been ordered to pay £6.2m in a confiscation order.
Single-use plastic items to be banned in England
Single-use plastic items including cutlery, plates and polystyrene cups are reportedly to be banned in England by the UK government after a consultation.
UK shoppers and workers kept home by rail strikes and cold snap
Train strikes, a cold snap and snowy conditions have kept workers and shoppers from city centres this week, emptying out high streets and office buildings, figures show.
James Stunt cleared of forgery but faces money-laundering retrial
James Stunt, the socialite and former son-in-law of Bernie Ecclestone, faces a retrial over his alleged role in a £260 million money-laundering scam after the jury failed to reach a verdict.
Fresh turkey prices rise 45% after shortages from bird flu outbreak
The price of a fresh turkey centrepiece for Christmas dinner has increased by as much as 45% because of shortages caused by the bird flu outbreak, which has wiped out 1.6 million of the birds in the UK.
Energy Bill Support Scheme will be extended in April, Chancellor Jeremy Hunt says
Jeremy Hunt has said the energy bill support scheme will be extended in April, with details to be set out “very shortly”.
















