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Griffith launches taskforce to cut small-business tax paperwork

By Drooid · Sep 19, 2026, 10:06 PM UTC · How we work

Summary

Griffith Announces Taskforce

Andrew Griffith announced a taskforce to reform small-business tax compliance, led by Lord Mackinlay and Robert Colvile.
He warned Labour that another tax increase would be unaffordable.
Inflation rose to a five-month high of 3.1% last month, according to the Office for National Statistics.
The Federation of Small Businesses says tax compliance costs £25 billion annually and forces owners to spend 44 hours on paperwork.

Summary

Bank of England Rates

Bank of England will decide interest rates on Thursday amid rising inflation.
ONS reported CPI inflation increased to 3.1% in August from 2.9% in July.
Treasury spokesman Robert Jenrick blamed Andrew Griffith’s 2023 tenure for complicating tax administration.
Jenrick said the inflation uptick is linked to the war in the Middle East.
Households will face higher energy bills next month, adding financial pressure.

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Griffith Announces Taskforce

Andrew Griffith announced a taskforce to reform small-business tax compliance, led by Lord Mackinlay and Robert Colvile.
He warned Labour that another tax increase would be unaffordable.
Inflation rose to a five-month high of 3.1% last month, according to the Office for National Statistics.
The Federation of Small Businesses says tax compliance costs £25 billion annually and forces owners to spend 44 hours on paperwork.

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