Tax evasion by small retail businesses increases to £4.4bn
While HMRC lost an estimated £5.5bn to tax evasion in 2022/23, a whopping 81% came from small businesses in the retail...
READ MOREBernanke to lead Bank of England forecasting review
As the Bank of England faces criticism for its failure to predict or prevent inflation, a former US Federal Reserve chair has been appointed to lead a review of its forecasting.
BBC News reports the appointment of Ben Bernanke – who led the US Federal Reserve from 2006-14, through the financial crisis – to head up a review of the Bank of England’s forecasting.
“Forecasts are an important tool for central banks to assess the economic outlook,” Bernanke told BBC News. “But it is right to review the design and use of forecasts and their role in policymaking, in light of major economic shocks.”
The current economic situation was not foreseen by the Bank, which forecast inflation would peak at 6% – it still sits higher than that now.
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R&D tax relief changes
The leading alternative to GDP is languishing over a technical...
Many commentators believe that the world should move away from measuring economic success in terms of GDP growth. Yes,...
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Holiday over? Seven expert tips for how to avoid back-to-work stress
The philosopher and political economist John Stuart Mill once wrote about why he didn’t take holidays. “No holidays...
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