Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year.
For the sixth year in a row, sales have fallen on Britain’s high streets in December.
UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned.
The latest figures from the Office for National Statistics (ONS) have shown that retail sales have increased at a much faster rate than anticipated.
According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
The Government has proposed new measures to tackle the issue of late payments to small businesses by larger companies who abuse their position in the market.
Growth in the UK’s service sector hit an eight-month high in June, indicating that the UK economy is beginning to ‘pick up speed’.
In a surprise move, the UK’s economic growth has been revised upwards for the first quarter (Q1) of 2018.