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

Average weekly earnings fell by 5.8 per cent in February, the Office for National Statistics (ONS) has reported.

A survey carried out by the Federation of Small Businesses (FSB) has revealed that many small firms feel the Budget did not offer them the support they need during the recession.

The number of people who have suffered from the crime of identity theft has shown a sharp rise in the first three months of the year.

People who earn more than £150,000 will get 50 per cent tax relief on the contributions they make to their pensions for one year.

The collapse of conciliation talks in Brussels mean that the UK will keep its opt-out from the EU Working Time Directive.

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