NEWS
Stay up to date with what’s going on in the world of tax and finance. Our news stories cover the latest developments in tax, employment and economics that affect businesses and individuals.
Support for shut-down businesses
Grants available if you’re legally required to close.Unemployment hits highest rate in three years
In the three months to August, unemployment increased by 138,000.Public finances to see £100bn hit by 2024
A 5% reduction in the economy has been blamed for the financial hit.Retirement plans changed due to COVID-19
13% of over-50s have adjusted their retirement age.Chancellor announces job support scheme expansion
Two-thirds of salaries covered for firms required to shut.UK economic recovery slows in August
GDP remains 9.2% lower than pre-pandemic levels.Unpaid BBLs ‘could cost billions’
Up to £26 billion could be lost.Chancellor promises to ‘balance books’ amid pandemic
Sunak hinted at possible tax rises to protect the public's finances.State pension age increases to 66
Men and women now receive their state pension at 66.Treasury issues job retention bonus guidance
Businesses can claim the bonus from 15 February 2021.