Business Newswire - July 2025

This month is an overview of the current business and economic landscape, with a particular focus on the UK. We highlight the government's push to reduce the tax gap, especially targeting small business compliance through increased staffing and the expansion of Making Tax Digital (MTD). The podcast also summarise the Chancellor's Spending Review, emphasising a "zero-based" approach to budgeting and the widespread pressure for efficiency across sectors, alongside investments in infrastructure and technology. Furthermore, we cover the Bank of England's decision to maintain the base rate amid ongoing inflation concerns, and provide crucial guidance on Employers' Liability insurance and protecting sensitive personal information according to new NCSC guidelines. Overall, we indicate a period of increased scrutiny on business practices, evolving financial regulations, and a continued focus on economic stability and efficiency.

Simply Accounts & Tax

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