OUTLOOK UK business activity fell for first time in more than a year in May Financial Times Reuters The Daily Telegraph UK business activity fell for the first time in over a year in May, according to the S&P Global Flash UK PMI composite output index. The survey,...

ECONOMY UK inflation dips to 2.8% in April Financial Times The Daily Telegraph BBC News City AM The UK's inflation rate has decreased to 2.8% for the year ending in April, down from 3.3% in March, according to the Office for National Statistics (ONS). ONS chief...

TAX Labour's mansion tax could be deferred, with interest The Daily Telegraph Daily Mail The Times Owners of homes valued at £2m or more may defer Labour's mansion tax until they sell their home or die if they meet low-income criteria, according to a consultation...

TAX Mass job losses from AI could wipe out income tax The Daily Telegraph The Guardian Arun Advani, director of the Centre for the Analysis of Taxation, has said it is likely that advances in AI will impact tax income in the next five years, echoing the view of Tom...

TAX Rise of private unlimited companies to shield assets The Daily Telegraph Wealthy families in the UK are increasingly turning to private unlimited companies as a strategic vehicle for inheritance tax (IHT) planning. The shift is a response to new tax burdens,...

ECONOMY Economy defies expectations with 0.3% growth BBC News City AM Daily Mail The Guardian The Independent The UK economy grew by 0.3% in March, surpassing analysts' expectations of a contraction. The Office for National Statistics (ONS) data also shows growth of...

REGULATION Small businesses welcome late payment crackdown The Independent Daily Mail Small businesses have welcomed new legislation aimed at curbing late payments, calling it a "historic moment." The King's Speech introduced measures that empower the Small Business...

TAX ICAEW chief calls for a simpler system City AM Alan Vallance, chief executive of the ICAEW, says Britain's tax code is one of the most complex globally, warning that this can mean significant challenges for businesses. He highlights that nine in ten chartered...

OUTLOOK Economy faces growth hit if conflict continues The Daily Telegraph The Times The UK economy may stagnate and slip close to recession if the Middle East conflict continues throughout the year, according to a report from EY. The analysis suggests that the...

TAX Inheritance tax reforms could push British family businesses overseas City AM In a commentary piece for the City A.M., Simon Malkiel, partner and head of wealth and succession at Howard Kennedy, argues that greater concern should focus not on non-doms leaving...