Red tape, rising costs and regulation 'holding back exports'

Red tape, rising costs and increasing regulation are holding back exports, a survey of UK businesses carried out by the British Chambers of Commerce (BCC) has found.

Current customs checks…

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Over 50s bucking decline in freelance numbers

Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, according to the Association of Independent Professionals and the Self-Employed…

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Bank holds interest rates as inflation and economy show improvement

The Bank of England held interest rates at 5.25% despite continued falls in the rate of inflation and a return for growth for the UK economy in January.

The Bank's Monetary Policy Committee…

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HMRC launches online voluntary NICs payment service

HMRC has launched a new online voluntary NICs payment service.

The government says the new service will make it easier for customers to check for and fill any gaps in their National Insurance…

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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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HMRC late payment interest cut

HMRC has reduced late payment and repayment interest rates following the cut to the base rate.

The Bank of England cut the base rate to 5.0% on 1 August, the first reduction for over four…

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Chancellor promises to drive growth and raises £40 billion in taxes

Chancellor Rachel Reeves pledged to 'invest, invest, invest' to drive growth and 'restore economic stability' in the Autumn Budget.

The Budget, which was Labour's first in…

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Government announces review of business rates scheme

The government has published a call for evidence on the overhaul of the business rates system that applies in England.

The government announced at the 2020 Budget in March that it would conduct…

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