Retirees report £119,000 shortfall in pension savings

UK adults face a significant shortfall in their pension savings at retirement compared to what they wanted to retire on, according to research from Standard Life.

Standard Life's Retirement…

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UK's economic recovery putting down roots

The UK's economic recovery is finally putting 'down roots' after GDP grew faster than expected in May, says the Confederation of British Industry (CBI).

The UK economy expanded by 0.4% in…

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Scrap fuel duty cut, says RAC

The 5p cut in fuel duty to be scrapped in the upcoming Autumn Budget, according to the RAC.

The motoring organisation says that motorists in the UK are 'not gaining any benefit' and…

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IPSE calls for fairer off-payroll rules in Budget

The Chancellor should use her Autumn Budget to make off-payroll working rules 'fairer and more effective', according to the Association of Independent Professionals and the Self-Employed…

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Permanent business rate cut for high street on the way

The government has published draft legislation to permanently cut business rates for retail, hospitality and leisure properties from 2026.

The tax cut will be funded by a tax rise for the…

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Cash usage on the rise for second successive year

Cash use in the shops rose for a second year in a row in 2023 after a decade of falls, according to the British Retail Consortium (BRC).

Notes and coins were used in a fifth of transactions…

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Finance Act 2025 receives Royal Assent

The first Finance Act of the Labour government has gained Royal Assent and passed into law.

The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption…

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Rise in contactless card payment limit

From 1 April the spending limit for contactless card payments rose from £30 to £45.

The decision to increase the payment limit was reached following consultation between the retail sector…

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Government borrowing could rise to £300 billion

The Centre for Policy Studies (CPS) has suggested that government borrowing may rise to £300 billion in 2020 as a result of the COVID-19 pandemic.

The think tank has been working to estimate…

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