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

Small firms see sharp rise in job losses

02 Feb 09

Small and medium-sized businesses are axing jobs at a rate not seen for almost twenty years, the CBI has reported.

Increase in minimum redundancy pay

02 Feb 09

Employers are being reminded of increases to the amount of an employee’s weekly earnings that count towards statutory redundancy pay.

Regulations still ignoring adverse effects on businesses

30 Jan 09

A report has found that government departments are still putting together legislation that affects businesses without due consideration of the cost to firms.

Bonus rate accounts used to entice savers

30 Jan 09

Banks and building societies are boosting the bonuses they offer people opening new savings accounts in an effort to recruit extra customers.

Review recommends action on small business regulation

29 Jan 09

An independent review of the regulations affecting small businesses has made a number of recommendations aimed at helping firms comply with the law.