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Business Regulation

Gender pay gap reduction call

The next government should set a national target for reducing the gender pay gap, the Confederation of British Industry (CBI) has said.

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Underpaid workers get £4.6 million in wage arrears

Underpaid workers received more than £4.6 million in minimum wage arrears during 2013/14, HM Revenue & Customs has said.

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New mortgage rules take effect

People applying for a mortgage are to face tougher financial checks, as the Financial Conduct Authority’s new market regulations take effect tomorrow (26 April 2014).

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Business lending continues to fall

The annual rate of growth in lending to UK businesses decreased by £0.5 billion in the 3 months to February 2014, according to the Bank of England.

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Overdrafts poor value, says FCA

Overdraft terms set by lenders are "complex and opaque", the Financial Conduct Authority (FCA) has said.

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Employment law changes coming into effect

The start of the new tax year on 6 April 2014 will see a number of changes to employment law.

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SMEs need consumer-level protection

Small and micro businesses need the same level of protection as consumers when buying utilities, according to a report by the Federation of Small Businesses.

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Retirement options advice reforms

Pension providers will have to do more to help retirees turn their pension savings into a retirement income, under reforms announced by the Association of British Insurers.

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Business groups call for prompt payment reform

Business groups have called for reform of the Prompt Payment Code after data showed that more than half of Federation of Small Businesses members were not paid by the agreed date.

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Simpler energy tariff rules now in force

A ban on confusing energy tariffs comes into effect today, as energy regulator Ofgem introduces reforms to make the industry simpler and clearer for consumers.

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