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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
The average UK household pays almost three quarters of a million pounds in taxes over the course of a lifetime, according to research by The Taxpayers' Alliance.
An immediate government consultation will investigate whether pension exit fees should be cut or capped, the Treasury has announced.
The UK economy is losing an estimated £41 billion a year to red tape despite continued government promises to reduce the amount of time and money SMEs spend on compliance, a survey by the Forum of Private Business (FPB) has found.
Nearly two thirds of businesses with fewer than 10 employees rely on support from friends and family, research by Lloyds Bank Insurance has found.
The type of retirement advice people want varies significantly according to age, research by Partnership has found.