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

Bank of England warns of insolvency crisis among SMEs

Insolvency timings will coincide with end to Government support.

14.5 million jobs supported since pandemic onset

Critics argue millions have been “excluded” from support.

UK GDP grows by 0.8% in May 2021

Growth was primarily driven by the service sector.

COVID-19 loans hit total value of £80 billion

BBLS applications accounted for the majority of claims.

State pensions predicted to rise by 8%

The raise would cost the Treasury £3 billion.

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