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

Savings accounts beginning to offer better returns

27 Apr 09

After months of poor savings account interest rates, investors may be about to reap the rewards of better returns on their money.

Wage cuts and freezes in the pipeline

27 Apr 09

Over half of employers are intending to freeze wages this year, and 12 per cent are planning to introduce wage cuts, according to a new survey.

Years of 'austerity' for UK economy

24 Apr 09

It could take the length of “two parliaments of pain” before the economy recovers, a thin-tank has claimed.

Extra pension tax charges for high earners

24 Apr 09

A detail in the Budget announcement has revealed that people who earn more than £150,000 a year will have to pay tax on the contributions that their employers make to their company pension schemes.

Holiday home owners to lose tax benefits

24 Apr 09

Rules that allow owners who rent out holiday homes to set trading losses against their tax bills are to be dropped from April 2010.