Interest rates slashed to a 325-year low

Small businesses that rely on credit, such as bank loans or overdrafts, have been boosted by the Bank of England's decision to reduce interest rates. In an emergency move to help firms deal with the coronavirus pandemic, rates were cut to 0.1%. Interest rates in the...

BCC: ‘Use the Budget to boost businesses’

Chancellor Rishi Sunak is being urged to "stop endless rises in upfront costs that strangle businesses" ahead of next week's Spring Budget. The British Chambers of Commerce (BCC) wants the Chancellor to deliver a Budget to help businesses and entrepreneurs thrive...

UK-US trade deal may boost economy by 0.16%

A post-Brexit trade deal with the US could boost the UK economy by up to 0.16%, according to government estimates. The Department for International Trade published a 180-page report to outline the UK's stance ahead of trade talks with the US. A free-trade agreement...

Campaigners voice concerns over IR35 changes

Private-sector contractors and freelancers will not be fined for inaccuracies relating to the off-payroll working rules in 2020/21. HMRC published a report into the changes, which kick in from April, and promised a light-touch approach to any errors in the first year....