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

COVID-19 puts economy into ‘significant recession’

GDP slumps 5.8% in March, and 2% in Q1 2020.

Relief as furlough scheme extends to October

Chancellor praised for listening to concerns.

Govt. clarifies guidance on returning to work

New guides for eight different lines of work.

Businesses want clarity before returning to work

Plans to ease restrictions “need more detail”.

UK economy ‘could shrink by 14%’ in 2020

Bank of England predicts biggest annual decline on record.

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