UK economy to shrink in 2023: IMF

The International Monetary Fund (IMF) has said that UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households.

HMRC clarifies its stand on waiting times on self-assessment helpline

Officials working from home are not to blame for long waiting times on HM Revenue and Custom’s self-assessment helpline, the department has said.

This month sees the first anniversary of Open Banking, a set of reforms aimed at increasing competition in the UK’s banking sector and providing more choice for consumers. 

UK shares jumped to their highest in almost a month on Tuesday amid hopes of a US-China trade deal and as supermarket chain Tesco led a revival in retailers after upbeat sales data that helped offset Morrisons’ disappointing holiday update.



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