The economy

Autumn Statement 2014: at a glance

Chancellor George Osborne gave his final Autumn Statement speech before the next general election to parliament on Wednesday 3 December. This is our summary of the headline announcements for both businesses and individuals.

Autumn Statement 2014: expectations

The Chancellor George Osborne will deliver the final Autumn Statement of this parliament early this afternoon. We look at what certain interested parties are calling for or expecting from the Chancellor's speech.

Boost sharing economy with tax cuts, says IoD

Individuals should be able to earn up to £10,000 a year tax-free by sharing their time or resources, the Institute of Directors has said.

Employers urged to combat skills shortage

Employers should take the lead in tackling workplace skills shortages, according to a report from the UK Commission for Employment and Skills (UKCES).

SMEs confident about growth prospects

Small and medium-sized businesses are predicting strong growth in turnover during the next 5 years, according to a survey by Santander.

Export success for recession-era SMEs

Two thirds of exporting SMEs that were set up during the recession began exporting within their first year, research by Barclays has found.

Small firms fuel economic growth

More than a third of economic growth in 2013 was created by fast growing small firms, a report by Octopus Investments and the Centre for Economics and Business Research has found.

Unemployment rate falls to 6%

The number of unemployed people fell by 154,000 to 1.97 million between June and August 2014, according to official figures.

Faster wage growth for private sector

Private sector wages are likely to rise faster than those in the public sector during the next 5 years, a report from the Institute for Fiscal Studies (IFS) has found.

Shop prices fall 1.8% in September

Shop prices fell by 1.8% in the year to September 2014, according to figures from the British Retail Consortium and Nielsen.

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