Business news

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.

Ombudsman ‘not ready’ to handle more SME disputes

Small businesses ‘lack options for handling financial disputes’.

Auto-enrolment ‘must tackle under-saving’

Government report calls for more to be done to help savers.

Savings levels fall in 2018

39% of pre-retirees feel they are not saving enough.

People urged to renew tax credits

‘Renew tax credits online to avoid losing payments’, HMRC says.

Self-employed workers owed up to £60,000 by clients

Late payments affect 43% of the self-employed.

Firms retain staff with training and flexitime

42% of businesses would invest in training and development.

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