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Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014Business live – latest updatesConfidence among UK businesses has grown despite anxiety about the state of the economy, in a rare slice of positive ne…
Proposals for autumn budget would mean expanding national insurance to include rental incomeProperty tax threat ‘is slowing down housing market’The Treasury is reportedly considering a tax on landlords that will target income from rents in the autumn b…
Chancellor is urged to ‘get a grip’ on the nation’s finances as yield on 30-year bond rises to 5.62% The cost of UK government borrowing has jumped to near a 27-year high, piling pressure on Rachel Reeves to reveal how she will tackle the deficit in th…
Troubles at UK statistics body are muddying economic picture for Treasury and spending watchdog, sources warnDeep problems at the UK’s statistics agency with the quality of its data are piling pressure on officials in the run-up to the autumn budget, s…
Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgradesUK borrowed less than expected in July in lift for ReevesBusiness live – latest updatesDespite a good month for the public finances, the Treas…
Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budgetBusiness live – latest updatesThe UK government borrowed less than expected in July, official figures show, in a boost to the chancellor, Rachel Reev…
Chancellor and prime minister are latest in a long line of politicians who have tried to squeeze more out of UK property Rachel Reeves is in favour of radical tax reform – or at least she was in 2018. “We need a radical overhaul of the tax system becau…
Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insuranceUK politics live – latest updatesRachel Reeves is considering plans for a tax on expensive homes in an effort to raise billions of pounds a…
Fuel and air fares also pushed up annual July rate, making interest rate cuts less likely this yearRail fares in England expected to rise by 5.8% next yearBusiness live – latest updatesUK inflation rose again last month to a higher-than-expected 3.8% a…
Profits rise 56% to £38.2m in 2024 as company overtakes British rival Boohoo and closes in on AsosShein, the online fast-fashion retailer founded in China, increased sales in the UK by about a third to more than £2bn last year, overtaking the British r…