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

One in three of the businesses included in a recent survey froze their wages in April.

The announcement of two management buyout deals, both financed by Clydesdale Bank, shows there is still life in the sector.

Ahead of the forthcoming European elections, the British Chambers of Commerce (BCC) has called on the European Commission to place a moratorium on all new employment laws.

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.

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