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The latest tax, employment, business and economic news affecting businesses and individuals alike. Updated daily.

Wage growth exceeds inflation for first time in a year

17 May 18

Employee earnings grew by 2.9% in Q1 2018.

Retired tenants will need £445,000 pension pot

16 May 18

Cost of rent adds £185,000 to required savings.

1 in 3 expect 6-month wait for inheritance

15 May 18

Processing probate takes 11 months on average.

Self-employment jeopardises state pension

14 May 18

Increases in self-employment could cause £2.8bn shortfall.

HMRC warns of tax refund scam

11 May 18

Public told to ‘be alert’ to fraudsters.