Typical household disposable income for working-age families will fall by 3% this financial year as tax thresholds are cut and energy prices remain high
More than 40,000 businesses are expected to be released from reporting requirements and other regulations in the future, as part of plans to boost productivity and growth
HMRC suspects that large UK businesses have underpaid £25.3m in import duties this year up from £260,000 (2021), according to new data by Pinsent Masons
Border controls put in place after the UK left the EU have resulted in increased costs, paperwork and border delays, say MPs on influential Public Accounts Committee
One year since leaving the EU, two-thirds of manufacturing companies have reported that Brexit has moderately or significantly hampered their business, however optimism for growth has risen
Some of the temporary customs and VAT easements introduced on 1 January 2021 for goods moving between Great Britain and the EU will be removed on 1 January 2022
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will be granted greater flexibility to update laws inherited from the European Union (EU) as part of the Government’s push to overhaul the financial industry after Brexit
Chancellor Rishi Sunak could introduce cuts worth £2bn for government departments tasked with meeting the Tories’ flagship ‘levelling up’ agenda despite the biggest tax rise in a generation