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

Businesses back EU rethink

The majority of British businesses favour a renegotiated relationship with the EU with certain powers returning to Westminster, a British Chambers of Commerce (BCC) survey has found.

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SME lending under government scheme falls again

Lending to SMEs under the government's Funding for Lending scheme fell by £435 million in Q2 2014, according to the latest figures from the Bank of England.

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Economy to grow 3.2% in 2014

The UK economy will this year grow by more than 3% for the first time since 2007, according to updated forecasts from the British Chambers of Commerce (BCC).

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Cash savings increase in July

There was a 'strong increase' in cash savings in July 2014 following the introduction of New Individual Savings Accounts (NISA), according to the British Bankers’ Association (BBA).

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Local councils fail to meet payment deadlines

Contractors wait more than 40 days for payment from some local councils, the Asset Based Finance Association has found.

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