Experts have warned of further turbulence to come following Jeremy Hunt's announcement that the proposed repeal of IR35 reform and income and dividend tax cuts have been cancelled.

Conservative leadership candidate Liz Truss this week pledged to review IR35 regulations if she becomes prime minister, but critics have said it needs complete reform.

HMRC suspects large businesses have underpaid their Employers’ National Insurance contributions to the tune of £1.4 billion, according to law firm Pinsent Masons.