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PM proposes scrapping National Insurance
Simplifying tax could require other increases.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Autumn Budget brought forward to 31 October
An OBR forecast will be published alongside the budget.HMRC warns self-assessment customers against fraud
HMRC received over 180,000 referrals of suspicious contact in the last year.Bank of England reinforces bond buying scheme
New measures announced for the final week of the purchase scheme.Business confidence falls significantly
Four in ten businesses anticipate a fall in profits over the next year.Two-year mortgage rates reach 14-year high
The average two-year fixed mortgage rate soars to 6.07%.Pound reaches two-week high
Sterling on track for its sixth consecutive daily rise.Red tape cut for thousands of businesses
Up to 40,000 more businesses to be exempt from future regulations.Government abandons scrapping of additional tax rate
Top earners will still pay the 45p rate, says chancellor.GDP estimated to have risen by 0.2%
The ONS initially estimated a 0.1% fall.Bank of England steps in to protect the economy
The Bank will purchase Government bonds in an effort to stabilise markets.