Price rises dip slightly in September

The Consumer Prices Index including owner occupiers' housing costs (CPIH) fell to 2.9% in the 12 months to September 2021, down from 3%, data from the Office for National Statistics shows. Prices for goods and services from restaurants and hotels contributed to the...

Economy inches towards recovery in August

The economy is back on its path to recovery as GDP is estimated to have grown by 0.4% in August 2021 - the first full month without any coronavirus-related restrictions - data from the Office for National Statistics shows. The positive growth follows a contraction in...

International community strikes global tax deal

The international community finalised a major reform last week on 8 October 2021, ensuring that all multinational enterprises (MNEs) will be subject to a minimum 15% corporate tax rate from 2023. Agreed by 136 countries and jurisdictions representing over 90% of the...

HMRC ‘cannot tell’ number of MPAA breaches

HMRC has not been collecting data on how many individuals are breaching their money purchase annual allowance (MPAA), stoking fears many over 55s will unknowingly have pension contributions limited to £4,000. In a freedom of information request, the pensions firm...