Ofgem raises energy price cap

Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.

The record 80% hike will see a typical default tariff…

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Action Fraud warns scammers are exploiting cost-of-living crisis

Action Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams.

Action Fraud revealed that more than 1,500 reports have been…

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Self assessment clock ticks down to under 100 days

HMRC has reminded taxpayers that they are now less than 100 days until the deadline for self assessment online return submission.

Self assessment taxpayers have until 31 January 2023 to submit…

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Tax non-compliance during pandemic

Tax non-compliance during the pandemic cost the UK government £9 billion, according to a report from the National Audit Office (NAO).

HMRC redeployed around 1,350 workers to Covid-19 support…

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BCC warns SME exporters 'under tightening pressure'

The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing 'tightening pressure' as a result of decreasing export sales.

The…

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'Digital pound' likely to launch this decade, says Treasury

The Treasury and the Bank of England (BoE) have suggested that a state-backed 'digital pound' is likely to be launched this decade.

Both the Treasury and the Bank said that the public should…

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UK inflation falls to 10.1% in March

UK inflation has dropped, but remains in double-digit levels, as the cost-of-living crisis eased slightly in March.

The annual consumer prices index dropped to 10.1% in March, down from 10.4%…

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Don't miss out on a tax refund for work expenses, HMRC urges

HMRC is urging employed workers to make sure they don't miss out when they claim a refund on work-related expenses.

More than 800,000 taxpayers claimed refunds for work expenses during the…

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Industrial strategy required to 'focus on innovation', says IoD

The Institute of Directors (IoD) has urged the government to create an industrial strategy to help 'define specific long-term priorities for the UK economy'.

A survey carried out…

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