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.
Economy
Employment and overall wages hit record highs
In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest it has been in…
High Street sales continue to fall in December as retailers faced worst sales on record
For the sixth year in a row, sales have fallen on Britain’s high streets in December.
Uncertainty stalling UK economic growth, warns BCC report
UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned.
UK retail figures jump in November following sales boost
The latest figures from the Office for National Statistics (ONS) have shown that retail sales have increased at a much faster rate than anticipated.
Wages showing fastest increase in almost a decade
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.
Government announce proposals to end late payments for small businesses
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.
Millennials hit hardest by financial crisis
According to figures from the Institute for Fiscal Studies (IFS), earnings for UK workers are still lower than they were in 2008, having failed to recover in the decade since…
Strong growth for service sector boosts UK economy
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’.
Q1 economic growth revised upwards
In a surprise move, the UK’s economic growth has been revised upwards for the first quarter (Q1) of 2018.
