HMRC cautions self-assessment customers against scammers

A fortnight after the self-assessment tax deadline has passed, HMRC is cautioning against fake tax refund schemes. With over 11.5 million taxpayers submitting their returns last month, there is a risk of scammers targeting them with deceptive emails, calls, or texts...

UK annual inflation remains stable at 4%

In January 2024, annual inflation remained steady at 4%, with the greatest downward pressure coming from reduced furniture and food prices. However, the month-on-month consumer price index (CPI) declined to -0.6% in January following December's unexpected 0.4%...

UK sees record company formations in 2023

A new report from Inform Direct reveals that the UK set a new record in company formations during 2023, surpassing 900,000 for the first time. The report, which is based on figures from Companies House and the Office for National Statistics, shows that a total of...

Landlord mortgage arrears double within a year

UK Finance has reported that more landlords are struggling to keep up with their mortgage payments. In the last quarter of 2023, the number of buy-to-let mortgages in arrears more than doubled compared to the same period in the previous year, marking a significant...