Business news
Corporate insolvencies down 6% in July
Insolvencies remain higher than pre-pandemic levels.
Inflation falls to 6.8% in July
Flights and hotels keep prices high.
Pay growth ends 18 month wage squeeze
Higher pay may alarm inflation-busting policymakers.
One million more pulled into tax on savings
Over 2.7m will pay tax on cash interest in 2023/24.
Govt. to reform personal insolvency framework
Policy will align framework with ‘the needs of 21st century stakeholders’.
CIOT: remove CIS deductions on landlord payments
Construction tax rules ‘cause problems’ between tenants and landlords.
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