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Recession to deepen, warns CBI

A combination of a rapidly deteriorating global economy and the ongoing failure of UK businesses to get access to finance will mean that the recession is all set to worsen in 2009, the CBI has predicted.

VAT cut has delivered little 'benefit'

A new poll has revealed that businesses believe the cut in VAT, introduced by the government in an effort to stimulate consumer spending, has done little good.

Keeping talented staff 'important' during the downturn

Retaining talented employees is still a priority for many firms, despite the pressures of the economic downturn.

Businesses delay £1 billion in tax payments

HM Revenue and Customs (HMRC) has announced that some 60,000 businesses have reached agreements for delaying the payment of their taxes.

Date set for Budget 2009

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