Business news
Furlough scheme begins winding down as scheduled
Chancellor Rishi Sunak rejects extension pleas as COVID-19 restrictions extend.Sweeping EU VAT reforms to affect online retailers
Three reforms to the EU’s VAT rules take effect from 1 July 2021.Thousands leave NHS pension scheme over tax bills
Over four years, 180,000 staff left the scheme.Government borrowing eases in May
Tax receipts were £1.7bn higher than predicted.Research reveals increase in cryptoasset ownership
More holders view them as a legitimate investment.Majority of home workers want hybrid return to the office
Business owners are uncertain where staff will work.HMRC chases £1bn in false furlough claims
Furlough fraud was previously thought to be £3.5bn.Chancellor rejects pleas for furlough extension
Furlough is to be phased out from 1 July.Renting a home now cheaper than buying one
Average monthly rents stand at £1,054.The economy grew by 2.3% in April 2021
Local holidays and hospitality drove the boost.
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Current news
Record wage growth not fast enough to beat inflation
Wage growth nevertheless fuels inflation fears.
Chancellor aims to boost pension funds by £1,000 a year
Announcement part of wider pension reforms.
Alcohol duty system changes from next month
All alcoholic drinks to be taxed based on ABV.