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Employer NIC hike drives record May job losses
Rising hiring costs slow employment and widen skills gaps.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Inflation rises in August to 3.2%
End to pandemic-related subsidisation pushes up food prices.Economic recovery stalls in July
GDP grows by 0.1% in July 2021.Registration service opens to non-taxable trusts
Taxable trusts receive extended registration period.Sunak announces date for Autumn Budget
Spending Review to be held alongside Autumn Budget.Pensions triple-lock to be suspended for one year
Pensioners to miss out on promised £4bn increase.NICs rates to increase by 1.25%
Tax rise to help fund the NHS and pay for social care.Stamp duty receipts hit high, despite holiday
Receipts for July 2021 second highest on record.Call to scrap proposed basis period reform
Reform could create as many problems as it solves.EVs could ‘create £30bn tax hole’
Calls for new road pricing system to replace fuel duty.Summer saving hampers consumer spending
Britons’ savings down in July but above expectations