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

Banks say small firm lending rose last year

17 Feb 09

UK high street banks increased their term lending to small businesses by 9 per cent in 2008, according to figures from the British Bankers’ Association (BBA).

Recession to deepen, warns CBI

16 Feb 09

A combination of a rapidly deteriorating global economy and the ongoing failure of UK businesses to get access to finance will mean that the recession is all set to worsen in 2009, the CBI has predicted.

VAT cut has delivered little 'benefit'

16 Feb 09

A new poll has revealed that businesses believe the cut in VAT, introduced by the government in an effort to stimulate consumer spending, has done little good.

Keeping talented staff 'important' during the downturn

13 Feb 09

Retaining talented employees is still a priority for many firms, despite the pressures of the economic downturn.

Businesses delay £1 billion in tax payments

13 Feb 09

HM Revenue and Customs (HMRC) has announced that some 60,000 businesses have reached agreements for delaying the payment of their taxes.