Economy, Business & Finance

We check facts about the UK economy. This includes money issues like prices, taxes, jobs, people out of work, and housing. We also look at how these things are different in each part of the UK.

23 May 2025

No requirement to notify your own cash withdrawals to HMRC, contrary to online claims

A video shared more than 1,500 times claims you now have to notify HMRC to withdraw cash from your account, but this is not true.

16 May 2025

Spanish tax agency does not require advance notice of cash withdrawals

The country’s Ministry of Finance confirmed it does not request advance notice of withdrawals.

14 May 2025

How have unemployment and jobs figures changed under Labour?

Seemingly contrasting claims about unemployment and jobs figures were made by the Conservatives and Labour at this week’s Prime Minister’s Questions.

The House of Commons during Prime Minister's Questions

7 May 2025

What deal has the government struck over Indian workers and National Insurance?

With opposition parties warning of “two-tier taxes” and the PM describing criticism as “incoherent nonsense”, we look at what we know about what’s been announced.

Business secretary Jonathan Reynolds hosted an India business roundtable last month

1 April 2025

Sadiq Khan has not proposed to build 40,000 new council homes ‘specifically prioritised for Muslims’

The claim has been shared widely on social media platforms, but it is not accurate.

31 March 2025

BBC podcast corrects claim that tax fraud is ‘30 times larger’ than benefit fraud

The BBC has removed an inaccurate claim made on its Strong Message Here podcast after Full Fact got in touch.

27 March 2025

Did Labour promise to freeze council tax?

We’ve taken a look at what Labour said it would do, after Conservative claims that council tax rises this year amount to a “betrayal”.

26 March 2025

Spring Statement 2025: fact checked

Our round-up looks at claims from the chancellor Rachel Reeves’ statement in the Commons, and the Conservative response.

26 March 2025

MPs are being given a pay rise of 2.8%, not 28%

The independent body that sets MPs’ pay has announced an increase for the next financial year—but some on social media have claimed it’s going up by much more than it really is.

18 March 2025

How much is the ‘welfare bill’ set to increase by?

The Prime Minister and others have claimed “welfare” or “social security” spending is set to increase to £70 billion by the end of the decade—but this figure refers to one part of overall spending.

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Economy, Business & Finance

No requirement to notify your own cash withdrawals to HMRC, contrary to online claims

Spanish tax agency does not require advance notice of cash withdrawals

How have unemployment and jobs figures changed under Labour?

What deal has the government struck over Indian workers and National Insurance?

Sadiq Khan has not proposed to build 40,000 new council homes ‘specifically prioritised for Muslims’

BBC podcast corrects claim that tax fraud is ‘30 times larger’ than benefit fraud

Did Labour promise to freeze council tax?

Spring Statement 2025: fact checked

MPs are being given a pay rise of 2.8%, not 28%

How much is the ‘welfare bill’ set to increase by?

Full Fact fights bad information