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

Late payments crisis deepens during lockdown

Group claimed big firms withheld or froze payments.

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House sales fell by 50% in May 2020

46,230 homes sold as COVID-19 restrictions impact the housing market.

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Treasury lending to businesses passes £40bn

Nearly a million firms in COVID-19 debt.

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COVID-19 scam offers fake business grants

Fraudsters target retail, hospitality and leisure firms.

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Javid calls for business taxes to be cut

Temporary tax cuts may be revealed in July.

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