Business news

Inflation falls to 2.4 per cent

Inflation in the UK fell to 2.4 per cent in April after lower than expected fuel prices, figures from the Office for National Statistics have shown.

Tax credit errors cost £2.3 billion in 2010-11

HM Revenue and Customs (HMRC) is to miss its target to reduce tax credit error and fraud by £5 billion, a report by the Public Accounts Committee (PAC) has said.

Scotland 'can afford' independence, says First Minister

Scotland can 'more than afford to be a successful independent country', Scotland's First Minister Alex Salmond has said.

Retail footfall figures up one per cent

Retailers experienced a one per cent increase in footfall in April, when compared on a like-for-like basis with April 2012, according to the latest figures from the British Retail Consortium.

Uncertainty over financing later life needs

Just under a third of adults in the UK do not know how they will meet their financial needs later on in life or in retirement, research from National Savings and Investments has revealed.

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