Tax cuts, consumer spending, and mobile payments - here's your need-to-know business news roundup.
The government should give £500m in tax breaks to businesses according to the CBI.
The business group says the “targeted and modest” breaks should be part of the Chancellor’s “plan A plus.” [BBC]
Consumer spending has fallen more during the current downturn than during any other since the Second World War.
This is according to figures from the ONS which suggest that discretionary spending fell by a tenth during the fist 18 months of the downturn. [ThisIsMoney]
Mobile payments will be available across every bank by the end of the year according to a new report.
The Payments Council says a central service will be launched during 2012, following Barclay’s Pingit launch earlier this month. Read more about mobile payments. [Guardian]
