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UK job market continues to deteriorate
Rising unemployment and falling vacancies hit confidence.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Chancellor reveals measures ahead of medium-term fiscal plan
Reversing mini-budget decisions will raise around £32bn a year.PM scraps corporation tax decision
Corporation tax will still rise to 25% in latest U-turn.Insolvencies hit highest levels in over a decade
Q2 2022 saw 5,629 insolvencies in England and Wales.UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.IR35 off-payroll rules repealed
Changes to IR35 will come into effect next year.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.