Unemployment drops as wage growth slows
Wages stagnate while vacancies decline.First inflation rise of year forecast
Higher inflation expected as cost of living pressures persist.Public procurement sees limited SME gains
New act aims to boost small business participation.HMRC targets businesses for NMW compliance
Enforcement to focus on 11 specific regions.A third of SMEs distrust AI in finance
SMEs see a mix of automation and human oversight.HMRC cuts late payment interest rate
0.25% reduction for late and repayment interests.CGT take falls by £2.5 billion
Only 369,000 taxpayers paid CGT in 2023.Bank of England cuts interest rates
First reduction in four years sees a 0.25% cut.New tax rules for non-doms
Non-doms face stricter taxes and inheritance rules.Rising poverty linked to mortgage rates
Interest rate hikes push households into financial distress.
