Business news
Tax take hits £368.9bn in six months
Income tax and National Insurance drive the increase.Inflation rises to 10.1% in September
The rate of inflation returns to July’s 40-year high.Old MTD for VAT portal to close
Businesses have until November to become MTD-compliant.Triple lock pensions under question
Triple lock pensions may be off the table as inflation soars to 10.1%.Charities warned against online fraud
One in eight charities experienced cybercrime in the last 12 months.Chancellor reveals measures ahead of medium-term fiscal plan
Reversing mini-budget decisions will raise around £32bn a year.PM scraps corporation tax decision
Corporation tax will still rise to 25% in latest U-turn.Insolvencies hit highest levels in over a decade
Q2 2022 saw 5,629 insolvencies in England and Wales.UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.
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