UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.
Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.
IR35 off-payroll rules repealed
Changes to IR35 will come into effect next year.
Autumn Budget brought forward to 31 October
An OBR forecast will be published alongside the budget.
HMRC warns self-assessment customers against fraud
HMRC received over 180,000 referrals of suspicious contact in the last year.
Bank of England reinforces bond buying scheme
New measures announced for the final week of the purchase scheme.
Business confidence falls significantly
Four in ten businesses anticipate a fall in profits over the next year.
Two-year mortgage rates reach 14-year high
The average two-year fixed mortgage rate soars to 6.07%.
Pound reaches two-week high
Sterling on track for its sixth consecutive daily rise.
Red tape cut for thousands of businesses
Up to 40,000 more businesses to be exempt from future regulations.
Government abandons scrapping of additional tax rate
Top earners will still pay the 45p rate, says chancellor.
GDP estimated to have risen by 0.2%
The ONS initially estimated a 0.1% fall.