News News Latest News for Business Click on a headline to read the full story. 07 Apr 2025Minimum wage rose on 1 AprilIncreases to the National Living Wage and National Minimum Wage took effect from 1 April. 07 Apr 2025No further tax increases in Spring StatementChancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement. 07 Apr 2025Finance Act 2025 receives Royal AssentThe first Finance Act of the Labour government has gained Royal Assent and passed into law. 07 Apr 2025Side hustle trading threshold raised to £3,000 per yearThe reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury. 07 Apr 2025Financial benefit of MTD could be as high as £915 millionThe financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC. 07 Apr 2025Chancellor unveils plan to cut red tapeChancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth. 07 Apr 2025Employment reforms continue to stifle business hiring intentionsThe government's employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD). Archive NewsClick here to access our full archive
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