Labour market continues to recover

The UK employment rate increased by 0.1 percentage point between November 2021 and January 2022 to hit 75.6%, according to the Office for National Statistics. The number of payrolled employees increased by 275,000 in February 2022 to a record 29.7 million. However,...

Scammers target self-assessment taxpayers, HMRC warns

HMRC is warning individuals and businesses that file self-assessment tax returns about scammers trying to steal money or personal information. Taxpayers reported over 570,000 scams in the last year, according to HMRC. At this time of year, self-assessment customers...

UK GDP grew by 0.8% in January 2022

UK GDP grew by 0.8% in January 2022 is now 0.8% above its pre-pandemic level in February 2020. Growth comes after the UK economy contracted by 0.5% in December 2021, as a surge in COVID-19 cases hampered festive trade. All sectors contributed positively to GDP growth...

One week until COVID-19 sick pay scheme closes

The statutory sick pay rebate scheme closes next week for coronavirus-related absences after 17 March 2022. Employers have up to and including 24 March 2022 to submit any final claims and amend claims they have already submitted. The scheme repays businesses up to two...

BCC: UK economic growth to halve in 2022

The British Chambers of Commerce (BCC) expects the UK's economic growth to halve this year amid soaring inflation, major tax rises and Russia's invasion of Ukraine. The BCC has downgraded its expectation for UK GDP growth in 2022 from 4.2% to 3.6% - less than half the...