Only 13% of bounce back loans paid off

The amount of bounce back loans fully repaid is just 13% out of the £46.9bn handed out to companies during the pandemic. Despite £46.9bn being handed out in bounce back Loans during the pandemic, only 13% have been fully repaid. While nearly three-quarters of...

Media sector faces scrutiny from HMRC

A recent crackdown on the abuse of the research and development (R&D) tax relief regime has significantly impacted the media sector, with HMRC questioning three out of four claims. A survey by RSM revealed that 40% of media firms had filed an R&D claim in the...

House prices rise slightly again

The housing market is showing signs of resilience, with Nationwide reporting a 0.4% rise in house prices in May compared to April. The average cost of a home now stands at £264,249, marking a 1.3% increase year-on-year. According to Nationwide's index, this rebound...

UK has highest diesel costs in Europe

UK drivers are paying the highest prices for diesel in Europe, according to car and breakdown service company the RAC. The average cost of diesel is 155p per litre, 5p more than in Ireland and Belgium, the next highest. The RAC argues there's "no good reason" for...

Retail prices returning to normal

According to a UK retail industry body, shop prices have returned to "normal levels," as the cost of furniture, televisions, and other non-food items has decreased. The British Retail Consortium (BRC) reported that prices rose annually to 0.6% in May, down from 0.8%...