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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…

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate.

This means that the late payment interest rate will increase to 4.75% from 11 October…

A significant number of UK businesses that trade internationally expect to see an increase in their exports over the coming year, according to an Institute of Directors (IoD) survey.

The survey…

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…

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…

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…

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%…

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…

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…