United Kingdom

UK Business Price Growth and Inflation Expectations

The Bank of England's Decision Maker Panel survey for February 2026 shows realised annual own-price growth at 3.7%, unchanged from the previous month. Year-ahead own-price inflation expectations decreased slightly to 3.4%. The survey also noted a decrease in expected CPI inflation and a slight decline in realised wage growth.

UK MFI External Business Statistics Q4 2025

The Bank of England has published the UK MFI external business statistics for Q4 2025. This release incorporates updated country grouping conventions aligned with the Bank for International Settlements (BIS). External liabilities increased by $114.1 billion and claims by $109.5 billion in Q4 2025.

New £2.5 million allowance for property tax relief

New £2.5 million allowance for property tax relief

Minor Changes to Employer Provided Benefits Policy

HM Revenue & Customs has published minor changes to employer-provided benefits policy and administration. This notice confirms updates related to measure numbers B25-11-062 and B25-11-063.

Technical Amendments to Residence-Based Tax Regime

HM Revenue & Customs has published technical amendments to the residence-based tax regime introduced in the Finance Act 2025. These amendments aim to ensure the regime operates as originally intended without altering the underlying policy. The changes affect Income Tax, Capital Gains Tax, and Inheritance Tax.

Advance Corporation Tax Reform

HM Revenue & Customs is reforming the Advance Corporation Tax (ACT) regime, repealing shadow ACT rules. This change allows unrelieved surplus ACT balances to be offset against Corporation Tax liabilities without restrictions, effective from April 1, 2026.

Fuel Duty Cut Extended to August 2026

HM Revenue & Customs has extended the temporary cut in fuel duty rates until the end of August 2026. Fuel duty rates will gradually return to March 2022 levels through phased increases starting September 1, 2026.

Air Navigation (Falkirk, Scotland) Emergency Regulations 2026

The UK government has issued the Air Navigation (Falkirk, Scotland) Emergency Regulations 2026, which impose restrictions on flying in the Falkirk area. These regulations are effective from January 1, 2026.

Town and Country Planning (England) Amendment Order 2026

The Town and Country Planning (Development Management Procedure) (England) (Amendment and Transitional Provision) Order 2026 amends the 2015 Order concerning consultations before planning permission is granted or determined. The changes are effective from March 26, 2026, with transitional provisions for applications made before that date.

Levelling-up Act 2023 Commencement Regulations

The UK Secretary of State has issued regulations bringing specific sections of the Levelling-up and Regeneration Act 2023 into force on April 14, 2026. These sections primarily concern planning functions of urban development corporations and new town development corporations.