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The latest updates from the world of business
Our quick updates help you stay up to date on business news without taking up too much of your time. Take a look below to find out what’s been happening.
UK GDP grows by 0.8% in May 2021
Growth was primarily driven by the service sector.Thousands of savers caught out by pension tax traps
Breaches of two pension allowances cost savers £817 million in 2018/19.Where do we stand with the UK’s property taxes?
More changes to the UK’s property taxes took effect this month.COVID-19 loans hit total value of £80 billion
BBLS applications accounted for the majority of claims.State pensions predicted to rise by 8%
The raise would cost the Treasury £3 billion.Post-pandemic job exodus could cost businesses up to £17 billion
The cost equates to £10,076 per business.HMRC posts renewal reminder for tax credits claims
Some review packs require a reply for renewal.Sweeping VAT changes for goods outside the EU
The EU launches its long-awaited one-stop shop.Employers start contributing to furlough payments
The furlough scheme begins winding down.Stamp duty holiday to begin tapering off
Lower nil-rate threshold in England & NI due in tomorrow.
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