Business news
Online sales fall by 11.2% in year to October 2021
Early Christmas shoppers fail to materialise.
MTD extension to cost taxpayers £1.5bn
4.2 million businesses and landlords affected.
HMRC collects £27.9bn less tax
Tax revenues fall by 4.4% to £608.8bn.
Bank of England resists pressure to raise interest rates
Interest rates maintained at 0.1%.
37% of businesses report higher prices
Prices increase faster than usual in October 2021.
New ‘cladding tax’ to start in 2022/23
Revenues to support removal of unsafe cladding.
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