US multinational companies contribute almost half of the total underpaid tax from foreign companies to the UK treasury.
The UK rule change, which comes into effect next month, has raised concerns among workers and labour advocates, prompting reconsideration of the decision.
The Public Accounts Committee (PAC) shed light on computer errors within the Department for Work and Pensions (DWP) that resulted in 165,000 individuals missing out on £1.2 billion in the preceding year.
The UBS report revealed that many young tycoons are amassing wealth predominantly through inheritance rather than through their own entrepreneurial endeavours.
The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.
The fashion and clothing sector, traditionally a cornerstone of the UK retail landscape, continues to face headwinds, according to recent reports.
The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.
The UK government has announced VFX tax relief to boost the UK film and television industry in the Autumn Statement, which, along with the Media Bill, seeks to change how TV shows are made and broadcasted in the UK.
Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.
The National Living Wage will increase in 2024 to end low hourly pay for full-time workers and those hit hard by the cost of living crisis across the UK.
In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.
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HSBC, headquartered in London but primarily focused on the Asian market, announced pre-tax profits of $7.7 billion (£6.4 billion) for the third quarter spanning from July to September.
Both Glasgow City Council and Birmingham City Council say that the government fast-tracking the asylum backlog will have a detrimental effect on the current homelessness crisis in the UK.
Santander's profits rose by 20 per cent achieving an attributable profit of €8,143 million in the first nine months of 2023, but warn borrowers of the Impending impact of high-for-longer interest rates.
A 10 per cent rise in the real living wage will be a "lifeline" for 460,000 workers struggling with low pay but minority ethnic workers are still disproportionately paid the lowest wages.
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Approximately half a million employees employed by companies committed to the voluntary Real Living Wage are poised to experience a substantial increase in their earnings, bringing their minimum hourly wage to at least £12.
The initiative, commissioned by the Foreign, Commonwealth & Development Office (FCDO), aims to deepen collaboration between the UK and India on recent and planned regulatory reforms in the pension sector.
There is a list of fintech trends to watch out for, as the rapid pace of fintech innovation is transforming finance for both businesses and consumers.
To prevent financial scandals and bolster investor confidence, regulators must continuously update and refine regulations to match evolving financial markets.
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On Thursday, Metro Bank issued a statement to reassure investors after the short suspension of their shares due to volatility amidst suffering a hefty 25 per cent fall.
The FCA's new rules will protect UK consumers from misleading ads promoting high-risk assets or investment opportunities.
"We're giving over two million workers a wage boost worth over £1,000," the Conservative Party announced today after revealing plans to punish the 'workshy' benefit claimants.
Treasury minister Andrew Griffith ruled out tax cuts in the "very short term" but raised hopes they may happen in 2024.
The UK bank is bringing a ban on cryptocurrency purchases due to an "increase in fraud and scams related to crypto assets".
While London has the highest number of estates subject to the tax, regions such as Sussex, the Cotswolds, and areas around Birmingham are expected to have the highest number of taxable estates per 100,000 residences.
The UK government has passed a new student finance law keeping in mind the burden of student loans and the necessity of constant upskilling in the current job market.