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HMRC restarts direct recovery of debts
Test phase targets persistent non-payers over £1,000.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Interest rate cut boosts property market
Lower mortgage costs revive buyer interest and raise house prices.HMRC issues warning about fraud letters
Letter asks for business details and financial documents.Employment bill to boost workplace rights
Government suggests day-one rights and living wage reforms.UK economy grows 0.6% in Q2 2024
Services sector drives second quarter of growth.SMEs struggle to secure public sector contracts
SMEs account for only 20% of public procurement spend.New tax regime targets non-doms
Non-doms face stricter taxes and inheritance rules.Companies House warns on address rules
Companies could face fines up to £1,000.Unemployment drops as wage growth slows
Wages stagnate while vacancies decline.First inflation rise of year forecast
Higher inflation expected as cost of living pressures persist.Public procurement sees limited SME gains
New act aims to boost small business participation.