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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

Retail sales increase but hours worked falls

British retail sales experienced solid growth in the year to July 2014 as nearly half of businesses saw their sales increase, according to a survey by the Confederation of British Industry.

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UK broadband coverage 'not up to speed'

The government's targets for rolling out high-speed broadband to businesses across the UK need to be "much more" ambitious, according to a report by the Federation of Small businesses.

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Independent pensions guidance confirmed

Pension savers will have the right to free and impartial guidance on how to benefit from the pension reforms that come into effect in April 2015, the Treasury has announced.

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Number of pensioner millionaires grows

More than 1 million UK pensioner households have total wealth of more than £1 million, research by Prudential has found.

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Online sales fall in June

Online sales fell 5% during June 2014, according to the online retail association IMRG and consultancy company Capgemini.

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