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

The total number of vocational qualifications awarded last year hit a record 3.6 million mark, according to new research.

The government has been urged to do more to reduce the adverse impact of regulation compliance on smaller firms following a study that claims red tape costs employers some £12 billion a year.

Planned changes to the way the pensions of higher earners are taxed could have a far-reaching impact on retirement savings in general, the House of Lords Economic Affairs Committee has said.

Over a half of employers are planning to keep wages on hold during the next round of pay talks, a new survey has indicated.

A think tank has argued that the new 50p tax rate could be damaging to the UK’s economy.

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