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Business News

Tax rises ‘inevitable’, says IFS

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per yearduring the middle years of this decade to stop…

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14/10/2020
Business News

Resolution Foundation warns of a ‘lost COVID generation’

Think tank the Resolution Foundation has suggested that the coronavirus (COVID-19) has created a 'U-shaped crisis', with young adults and pensioners most likely to have stopped working during the pandemic.…

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13/10/2020
Business News

Job Support Scheme expanded for local lockdowns

The government's Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors due to local lockdowns as the number of coronavirus (COVID-19)…

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12/10/2020
Business News

Government to proceed with plans to create freeports across UK

The government has confirmed that it will create new freeports across the UK in 2021. The Treasury has outlined the next steps for the creation of freeports, which it hopes…

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09/10/2020
Business News

NAO warns loan scheme could result in £26 billion in losses

The National Audit Office (NAO) has warned the government that it faces a potential loss of £15 billion to £26 billion as a result of criminals taking advantage of the…

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08/10/2020
Business News

Survey finds business conditions remained weak in third quarter of 2020

A survey carried out by the British Chambers of Commerce (BCC) has found that, despite the UK economy reopening, business conditions 'remained weak' in the third quarter of 2020. Almost…

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07/10/2020
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