Business news
Tax relief for creative businesses exceeds £1bn
Total tax breaks are down by a third on previous year.Govt. expands ‘help to grow: digital’ scheme
Scheme expanded to very smallest businesses.Bank of England raises interest rates to 1.75%
Increase sees the highest jump in 27 years.UK inflation hits 10.1%
Inflation reaches double digits for first time since 1982.Wages fall at record rate
Pay decreased during rising costs of bills.HMRC late payment interest rises this month
The decision follows Bank of England’s base rate increase.Economy shrinks between April and June
ONS says GDP fell as predicted by 0.1%BBRS urges SMEs to register banking disputes
The service is reminding businesses there are six months left.Number of non-dom taxpayers drops, says HMRC
Tax contributions still surpassed £7 billion.HMRC late payment rates to be revised
Changes will reflect the rise in interest rates
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