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The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR).

The NIESR said the series of shocks…

HMRC has urged almost 430,000 young people with an unclaimed Child Trust Fund (CTF) to claim their cash.

CTFs are tax-free savings accounts that were created for every child born between 1…

The Chancellor should cement the government's commitment to small businesses in his Autumn Statement, according to the Federation of Small Businesses (FSB).

The FSB has called for a strong…

The UK is at risk of recession after revised figures showed the economy shrank between July and September, according to data from the Office for National Statistics (ONS).

Gross domestic product,…

Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.

The Office for National Statistics…

HMRC has published the latest issue of the Employer Bulletin. The February issue has information on various topics, including:

• 2024 National Insurance contributions rate changes
…

Higher than expected government borrowing has reduced the Chancellor's 'wiggle room' at a pre-election Budget.

Government borrowing - the difference between spending and tax income…

Almost 300,000 self assessment taxpayers filed their return in the first week of the new tax year, HMRC has revealed.

The early filers were almost 10 months ahead of the 31 January 2025 deadline.

Almost…

UK savers are dangerously underestimating the minimum amount needed to retire, according to research from pension provider PensionBee.

A survey of 1,000 working-age UK adults showed that 23%…