TOPIC
HMRC Connect: the £4.6bn tax detective (and growing)
At a glance HMRC's Connect system recovered £4.6 billion in underpaid tax in 2024-25. Connect is a powerful data-mining tool, though HMRC is also investing in AI. It finds discrepancies by cross-referencing data from many different sources. Good bookkeeping and...
Some parents in England spending 80% of pay on childcare, study says
A study by the thinktank Nesta, seen by the Guardian, shows how hard it is for families in different parts of England to afford to pay for...
Gloomy forecast?
While there is the possibility of avoiding a global recession at the outset of 2023, the economic outlook for UK businesses is uncertain at best....
Business groups call on government to help small firms invest in energy efficiency
The coalition, which represents businesses of all sizes and in all sectors, wrote to Jeremy Hunt urging him to “take decisive action, while...
2 Sheffield businessmen banned for total of 17 years
Michael Andrew Higgins, 56, and Dean Emanuel Miller, 41, both from Sheffield, have been disqualified as company directors for a total of 17 years...
British labour market, and pay growth, slow in February – REC
The Recruitment and Employment Confederation/KPMG monthly permanent placements index fell to 46.3 last month, down from 46.8 in January with...
Jeremy Hunt preparing to use budget to reinvigorate investment with tax relief
Business leaders and some Conservative MPs have called on the chancellor to soften the planned rise in corporation tax from 19% to 25% to allay...
Taxpayers given more time for voluntary National Insurance contributions
The government has extended the voluntary National Insurance deadline to 31 July 2023 to give taxpayers more time to fill gaps in their National...
Retail sales: Shoppers feeling the love in lead up to Valentine’s Day not enough to protect sector from ‘volatile trading conditions’
According to figures published by the British Retail Consortium (BRC), UK total retail sales increased by 5.2 per cent in February as consumers...
Bank of England policymaker warns of ‘greedflation’ risk to consumers
Catherine Mann, one of the nine members of Threadneedle Street’s monetary policy committee, said she was concerned about the ability of firms to...
2 company directors banned for 22 years
Rukia Begum, 46, from Oldham, and Simon Grant Gorgin, 63, from Kings Langley, each separately claimed tens of thousands of pounds...
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