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

National living wage to rise by 6.2% for 2020/21

Low Pay Commission reveals its recommendations.

Economy stagnates in Q4 2019

New figures reveal slowdown in services and manufacturing

Lifetime ISA withdrawal penalties surpass £9m

FOI request shows the extent of 25% government charge.

Report spares thousands from loan charge bills

Government announces a string of concessions.

Grandparents’ spending on festive gifts to hit £2.8bn

Average spend on a grandchild rises to £81.

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