UK R&D tax relief support rises to £8.2 billion as claims fall
HMRC’s provisional 2024–25 estimate shows relief up 5% and claim numbers down 17%, with new schemes appearing in the series.
HM Revenue & Customs
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Great Britain retail volumes rebound 0.5% in August
The monthly recovery followed a July fall, while sales volumes gained 0.9% over the latest three-month period.
Office for National Statistics
UK vaping duty and product stamps begin on 1 October
HMRC set the excise rate at £2.20 per 10 ml, including for liquids without nicotine.
HM Revenue & Customs
U.S. consumer prices rise 3.4% over year to August
The CPI increased 0.4% in August, with gasoline contributing more than one-third of the monthly rise.
U.S. Bureau of Labor Statistics
U.S. payrolls add 162,000 jobs in August
BLS reports a stronger monthly gain alongside an unchanged 4.1% unemployment rate.
U.S. Bureau of Labor Statistics
US proposes four-year tax installments for qualifying farmland sales
Proposed rules would let eligible sellers pay 25% of the relevant tax liability in each of four annual installments.
Internal Revenue Service and U.S. Department of the Treasury
U.S. job openings hold at 7.3 million in July
BLS reports little monthly movement in openings, hires and separations in its July labour-turnover survey.
U.S. Bureau of Labor Statistics
U.S. nonfarm productivity grows at a 1.4% annualized rate in second quarter
Revised BLS data show output grew faster than hours worked, while unit labour costs increased.
U.S. Bureau of Labor Statistics
U.S. producer prices rise 0.4% in August
A rise in goods prices led the monthly increase, while final-demand prices were 5.4% higher over 12 months.
U.S. Bureau of Labor Statistics
US regulators expand eligibility for 18-month community-bank exams
An interim final rule raises the asset threshold from $3 billion to $6 billion for certain well-rated institutions.
Federal Reserve Board
US Treasury welcomes revised global minimum tax reporting return
Treasury says the revised GloBE return provides a mechanism for US-headquartered groups to elect the side-by-side safe harbor.
U.S. Department of the Treasury
FinCEN flags $17.5 billion in suspicious activity potentially tied to health care fraud
The Treasury analysis draws on 5,702 bank reports filed over a one-year period; the activity is suspected, not adjudicated fraud.
U.S. Department of the Treasury
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