Business news

The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

Older workers ‘feel unsupported’ by employers

63% of over-50s to work longer than expected.

Higher education ‘crucial to addressing skills gap’

UK businesses face talent deficit of up to 1.2m by 2030.

Early-30s delay milestones due to financial insecurity

73% of 30 to 35-year-olds fall short of savings guidelines.

Most workers favour flexible retirement

264,000 people take up pension freedoms in Q2 2018.

Half of businesses set to grant pay rises

Firms to increase pay despite “rising cost-burden”.

Inheritance tax receipts rise to £5.2bn

Receipts have increased 10% a year since 2009.

Bank of England raises interest rate to 0.75%

Homeowners on variable mortgages could face higher costs.

Stamp duty break saves first-time buyers £284m

Around 121,500 buyers benefitted from the tax break.

MPs call for end to Lifetime ISA

Treasury committee criticises “complex” savings product.

HMRC confirms ‘soft landing’ for MTD

Digital linking requirements will be eased for 2019/20.

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