Business news

Q1 economic growth confirmed at 0.3 per cent

24 May 13

The UK economy grew by 0.3 per cent in the first quarter of this year, official figures from the Office for National Statistics have confirmed.

Inflation falls to 2.4 per cent

23 May 13

Inflation in the UK fell to 2.4 per cent in April after lower than expected fuel prices, figures from the Office for National Statistics have shown.

Tax credit errors cost £2.3 billion in 2010-11

22 May 13

HM Revenue and Customs (HMRC) is to miss its target to reduce tax credit error and fraud by £5 billion, a report by the Public Accounts Committee (PAC) has said.

Scotland 'can afford' independence, says First Minister

22 May 13

Scotland can 'more than afford to be a successful independent country', Scotland's First Minister Alex Salmond has said.

Retail footfall figures up one per cent

21 May 13

Retailers experienced a one per cent increase in footfall in April, when compared on a like-for-like basis with April 2012, according to the latest figures from the British Retail Consortium.