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31/05/2024
Generative AI could widen inequalities
The Institute of Directors (IoD) has warned that generative AI could ‘widen corporate inequalities’.
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23/05/2024
£235b held in low interest accounts
£235 billion of cash is sitting in low interest bank accounts with rates of under 1%, according to the Bank of England
Post-Brexit border checks cost £4.7b
The National Audit Office (NAO) has warned that the UK is set to spend more than £4.7 billion on post-Brexit border checks.
Total of 800 years on hold to HMRC
UK taxpayers spent the equivalent of 800 years on hold to HMRC in 2022/23, according to a report published by the National Audit Office (NAO).
16/05/2024
300,000 file tax returns in the first week
Almost 300,000 self assessment taxpayers filed their return in the first week of the new tax year, HMRC has revealed.
Shortfall in pension savings of £119,000
UK adults face a significant shortfall in their pension savings at retirement compared to what they wanted to retire on, according to research from Standard Life
£51 million in phone funding for HMRC
The government has announced an extra £51 million in new funding to bring HMRC’s phoneline service back up to the published target of 85% of calls to its advisers being answered.
08/05/2024
New customs rules cause confusion
The new customs checks and charges that came into force on 1 May are causing confusion and uncertainty for business, warns the British Chambers of Commerce (BCC).
UK will see slowest growth in G7 next year
The UK will see the slowest growth of the G7 nations next year, the Organisation for Economic Co-operation and Development (OECD) has warned.
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