According to recent Bank of England statistics, British farmers owe their banks £1.5bn more than they did at this time last year and almost double what they owed in 2005, hitting a record high of £17.7bn of borrowing in the year to the end of October.
While the overall rate of retail sales has gone up in Britain during the countdown to Christmas, performance was weaker than initial predictions had stated, according to the Confederation of British Industry (CBI).
According to a recent study conducted by the Confederation of British Industry (CBI), the UK’s level of economic recovery could face barriers such as the higher costs employers will have to pay for the new national living wage.
It would be fair to say that it’s been a turbulent year for HM Revenue & Customs (HMRC). Read more
According to the Office for National Statistics (ONS), property price growth picked up pace in October, with indications showing that there has been a surge in buy-to-let property purchases ahead of tax changes that will affect the sector. Read more
According to the Office for National Statistics (ONS), the inflation rate for the UK increased to 0.1 per cent last month for the first time in four months. Read more
Recent statistics have revealed that the largest UK businesses paid £80.5 billion in taxes this year, despite recent corporation tax cuts. Read more
The UK has received a report from the International Monetary Fund (IMF) which outlines possible risks to its period of economic strength continuing, despite being praised for the progress made so far. Read more
Small Business Saturday has been hailed a major success, with around £623million spent with small businesses on the day. Read more
A Government proposal could mean that an increase in the level of VAT applied to solar panels in UK homes is soon introduced. Read more
The British Chambers of Commerce (BCC) has downgraded its UK gross domestic product (GDP) growth forecast for the year to 2.4 per cent, from a previous prediction of 2.6 per cent Read more
For all the hype about Black Friday delivering a boost to the UK economy, the event wasn’t able to life sales at UK stores ahead of those recorded last year. Read more
The American confectionary giant which owns Cadbury is facing fierce criticism after it emerged that it paid no corporation tax in the UK last year. Read more
One of the world’s best-known brands is to face scrutiny over its tax affairs.
According to the Markit/CIPS Purchasing Managers’ Index (PMI), during November the UK’s services sector underwent its fastest period of growth for four months. Read more