Business news
Chancellor reveals measures ahead of medium-term fiscal plan
Reversing mini-budget decisions will raise around £32bn a year.
PM scraps corporation tax decision
Corporation tax will still rise to 25% in latest U-turn.
Insolvencies hit highest levels in over a decade
Q2 2022 saw 5,629 insolvencies in England and Wales.
UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.
Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.
IR35 off-payroll rules repealed
Changes to IR35 will come into effect next year.
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