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

Think tank predicts cut to UK’s tourism trade deficit

The deficit was £30.5 billion in 2019.

Reduced furlough support jeopardises jobs

One in five businesses say they are likely to make redundancies.

Mortgage borrowing hits highest-ever monthly level

Borrowing stood at £17.9 billion in June 2021.

Most firms 'confident they can pay off debts'

One in five remain unsure about their debt repayments.

DWP hit with £87.9m IR35 tax bill

HMRC demanded bills over historic contractor assessment errors.

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