The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

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Just under a third of adults in the UK do not know how they will meet their financial needs later on in life or in retirement, research from National Savings and Investments has revealed.

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More than half of independent retailers in England think that their town centre is performing 'poorly' but 70 per cent think that better relationships with local authorities would improve the situation, according to research from the Federation of Small Businesses.

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The Bank of England (BoE) has upgraded its UK economic outlook and said that inflation is now weaker than originally predicted three months ago.

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Businesses in Northern Ireland are expecting a £40 million boost from the G8 Summit being held in County Fermanagh next month, research carried out by the Northern Ireland Centre for Economic Policy (NICEP) has found.

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Official figures from the Office for National Statistics show that the employment rate for those aged 16-64 fell by 0.2 per cent in the first quarter of the year, when compared with the final three months of 2012.

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Small firms in the UK are being encouraged to increase their online engagement in order to boost sales and employment growth.

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