HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREUK business activity slides in September by most since early 2021
Britain's private-sector economy last month suffered the sharpest contraction in activity since a COVID lockdown early last year, underlining the challenge facing Prime Minister Liz Truss who on Wednesday emphasised her push for economic growth.
The final version of the S&P Global UK Composite Purchasing Managers' Index fell to 49.1 in September from 49.6 in August, the lowest reading since January 2021. Any reading below 50 means a contraction in activity.
While the reading was an improvement on a preliminary "flash" reading of 48.4, services companies that comprise the bulk of the private-sector economy were the least positive about the outlook since May 2020, early in the pandemic.
A trading update from Tesco (TSCO.L), Britain's biggest retailer, added to the sense of unease hanging over the economy which is flirting with recession.
Read more at Reuters
Previous
Truss scraps small business minister title
Next
Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE