Business News

Independent review commissioned on face-to-face banking access

An independent review will consider what needs to be done to protect access to face-to-face banking in the UK.

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Four simple ways to improve business profit within 12 months

Most businesses don’t need big ideas or complicated plans to improve profit. In practice, profits will usually increase by tightening up a few everyday things and being more deliberate about how time and effort are applied.

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Fuel duty freeze to cost £750m

After much speculation, and pressure on the government to act on the cost of living, chancellor Rachel Reeves has now extended the temporary 5p fuel duty cut for four months from 1 September.

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AI providing misleading advice on VAT return filing

Incorrect advice provided by Artificial Intelligence (AI) and other websites is contributing to a growing trend of late VAT return filing and payment.

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Record number of taxpayers file self assessment in April

A record 737,891 taxpayers filed their 2025/26 self assessment returns in April, according to figures from HMRC.

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What will happen to interest rates in 2026?

The ongoing Middle East conflict has raised concerns over its effect on UK inflation and interest rates in the coming months.

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Credit control: The quiet discipline that keeps a business alive

Good credit control begins before the invoice is raised. Having clear payment terms that are agreed with the customer before work starts helps set expectations on both sides.

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The NCSC to begin recommending use of passkeys

The National Cyber Security Centre (NCSC) announced at CYBERUK 2026 in Glasgow that it will begin recommending the use of passkeys wherever a service supports them, and two-step verification (2SV) where it does not.

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Rising Taxes Deliver a Final Blow to Beefeater and Brewers Fayre Sites

Whitbread PLC, the listed owner of Beefeater and Brewers Fayre has announced it will close all sites, cutting 3,800 jobs.

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Renters’ Rights Act: Key actions for landlords

The Renters’ Rights Act came into force on 1 May 2026 and represents the biggest change to renting in England for a generation.

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Shared Office Spaces Being Hit by Increased Business Rates

Recent changes to the way co-working spaces are assessed for business rates are causing considerable concern in the business community.

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Bank of England faces dilemma after holding interest rates

The Bank of England has held the base rate of interest rate at 3.75%, but now faces a dilemma, according to the British Chambers of Commerce (BCC).

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Why Financially Successful Business Owners Can Still Feel Out of Control

Your business can be doing well financially but you can still feel uncertain about where your personal finances are heading.

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Highest ever tax take at £939bn in single year

Soaring tax receipts up nearly 10% in just 12 months as hike in employer national insurance reaps huge benefits for the Treasury, capital gains tax explodes, and record amount of VAT collected

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CBAM Rules: What Importers Need to Know

The government has published further draft legislation on the UK’s Carbon Border Adjustment Mechanism (CBAM). This will have consequences for importers bringing certain carbon-intensive goods into the UK.

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Valuing Your Business: What Buyers Look for and What You Can Do About It

If you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?”

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Have You Received a Letter from HMRC About MTD?

With Making Tax Digital (MTD) for Income Tax coming into force from 6 April 2026, HM Revenue & Customs (HMRC) have been writing to taxpayers over recent weeks to tell them that they are being mandated into the regime.

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Farewell to the Valuation Office Agency

With effect from April 2026, the Valuation Office Agency (VOA) has been brought into HM Revenue & Customs (HMRC) as a cost-saving measure. The change means that the VOA has ceased to exist as an executive agency.

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Are You Ready for E-Invoicing?

HM Revenue & Customs (HMRC) recently released a research paper on how small and medium-sized businesses (SMEs) view electronic invoicing, also called e-invoicing.

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Support Confirmed for Mortgages

Following a meeting with the Chancellor of the Exchequer, the UK’s six largest lenders and building societies have committed to proactively contact 1.6 million customers whose fixed-rate mortgage deals end between now and the end of 2026.

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