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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

Employers fined for underpaying workers

Employees

Companies failed to pay £2.1 million to 34,000 workers.

Apprenticeship funding scheme unveiled

Government Initiatives

Businesses can apply for the £7 million fund.

Think tank predicts cut to UK’s tourism trade deficit

The economy

The deficit was £30.5 billion in 2019.

Reduced furlough support jeopardises jobs

Employees

One in five employers are likely to make redundancies.

Mortgage borrowing hits highest-ever monthly level

Current Affairs

Borrowing stood at £17.9 billion in June 2021.

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