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

Cash ISAs that were offering savers attractive returns just a few weeks ago are now being pegged back to lower interest rates.

The government has set up a review to examine whether a publicly backed venture capital fund is needed to help small, high growth firms with their financing.

The economic downturn looks set to reduce dramatically the proportion of people who pay income tax at the 40 per cent rate.

HM Revenue and Customs (HMRC) has announced changes to the advisory fuel rates for company cars as of 1 July.

The government’s main scheme for encouraging the banks to lend to SMEs during the recession has gained the backing of business groups.

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