New traders fall foul of HMRC’s VAT rule
HMRC’s interpretation of a key VAT rule has changed, meaning that newly registered businesses are being denied refunds.Continue reading
Account payments to some RBS customers ‘missing’
Hundreds of thousands of NatWest and RBS customers were this morning facing banking issues as the company admitted “some” payments were “missing” from accounts.Continue reading
Music tourism provides a £3bn boost to the UK economy
According to a recent report issued by industry body UK Music, overseas visitors to British gigs and music festivals spend approximately £751 each.Continue reading
Fines for pension auto-enrolment non-compliance are set to surge
Recent industry reports have predicted that there will be a sharp rise in the number of escalating penalty notices being served by the Pensions Regulator over the next few months.Continue reading
RBS shares rise after British government unveils sale plan
Shares in the Royal Bank of Scotland (RBS) have started to rise after Chancellor George Osborne said the government would begin selling its £32 billion stake in the bank.Continue reading
Car manufacturer Renault enters the savings account market
Renault, the French car manufacturer, has launched a new easy-access Freedom savings account that comes with a market-leading 1.5 per cent interest rate.Continue reading
UK trade deficit narrows as exports rise
The UK trade deficit narrowed to £1.2bn in April from £3.1bn in March, the Office for National Statistics said.Continue reading
Inflation takes £80 billion away from British savers
Over the past five years, £80 billion has been wiped off the value of the average saver’s funds, according to a new report.Continue reading
Fall in new car sales indicates a slowdown in UK economic recovery
According to the latest industry figures, while an increase in new car sales was still evident in May, the growth rate slowed to 2.4 per cent.Continue reading
BCC’s growth forecast for UK economy reduced as it warns of rising trade deficit
The British Chambers of Commerce has cut its forecast for the UK’s economic growth in 2015 after citing a weak start to the year.Continue reading
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