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

A ruling by the Court of Appeal has opened the door to taking the length of time an employee has been working for a firm into account when making decisions about redundancies.

Problems with late payments and unilateral changes to payment terms and conditions have been described by a business group as one of the main barriers to a return to economic growth.

Changes to pensions tax relief for higher earners could be counterproductive, it has been claimed.

Savers might have to be willing to tie their money into long term deals in order to enjoy reasonable returns on their investments.

It has been accepted that the UK has applied certain aspects of the Tour Operators’ Margin Scheme incorrectly.

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