Business confidence in service industry falls
Experts call for service industry support.
Treasury receives £5.4 billion surplus in January
Income tax receipts hit £21.9 billion – the highest take on record.
CIOT calls for fairer HMRC repayment interest rates
Late payment penalties are up to 17 times higher than repayment amounts.
Inflation drops slightly to 10.1%
Falling fuel prices and the cost of eating out drove down inflation in January.
UK “narrowly avoids recession”
ONS figures show zero growth in the last quarter of 2022.