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

UK in first technical recession in 11 years

Economy shrinks by 20.4% in Q2 2020.

Employment falls by largest amount since 2009

Over-65s most likely to be affected by job losses.

One in three firms plan redundancies

More job cuts expected by the autumn.

Govt. sets out first homes scheme details

Housing secretary aims to tackle rising house prices.

Economic hit ‘less severe than feared’

Bank of England’s first forecast since the pandemic hit.

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