The Financial Ombudsman Service recently published its annual complaints data for the 2021/22 financial year and found that complaints about ‘authorised scams’ increased by a fifth. Authorised scams are those which trick individuals into transferring
The Federation of Small Businesses (FSB) has urged the government to ‘lean lessons from the implementation of coronavirus (COVID-19) health measures’ to generate a regulatory business environment that steers away from recession. The FSB found
The Bank of England (BoE) has reminded the public that it will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30 September 2022. According to the Bank, there are still
The UK government has announced plans to strengthen rules on ‘buy now pay later’ services, improving protection for users of the short-term credit. The announcement is a response to a consultation that closed in January.
UK inflation has risen to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to the latest data from the Office of National Statistics (ONS). It is a slight increase on
Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures. The call comes after a Make UK survey showed growth and orders slowing significantly with exports close to a
HMRC is extending the pilot for Making Tax Digital for income tax self-assessment (MTD for ITSA) to more self-employed workers and landlords. From July, those taking part will be able to test MTD for ITSA
The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again. Six
The Institute of Directors (IoD) has launched a new inquiry to analyse how good corporate governance can drive innovation. The IoD‘s inquiry aims to ‘identify good practices that, if more widely adopted, can help governance
The government’s coronavirus (COVID-19) emergency loan guarantee schemes may have saved between 150,000 and 500,000 businesses, according to research from the British Business Bank (BBB). The research also estimated that the loans have helped save
The government must take ‘vital action’ to avoid a recession after the forecast for economic growth was downgraded, warns the Confederation of British Industry (CBI). The business group says that with the cost-of-living crunch shows
The use of cash has been declining for some years now, with electronic payments in multiple formats increasing to take its place. This was a trend accelerated by the COVID-19 pandemic, when health was added
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