Business news
Spring Statement sees 10% late payment penalty introduced
Treasury doubles down on late payment enforcement.
Over a fifth of adults not looking for work
Economic inactivity remains a focus for UK growth plans.
Deposit protection limit could rise to £110,000
Bank of England proposes updated FSCS savings cap.
HMRC prosecutions of tax enablers fall sharply
There were fewer than five criminal cases in 2023/2024.
Proposed changes to R&D tax credit assurances
New consultation explores mandatory advance approvals.
Late payment penalties for taxpayers announced in Spring Statement
Higher fines and interest from April 2025.
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