The economy

Possible VAT rise predicted

A new government may have to give serious consideration to an increase in VAT, it has been forecast.

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Latest UK economic growth lower than expected

The UK’s economy expanded by 0.2 per cent in the first quarter of the year.

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Small firms not yet in a position to create new jobs

Smaller businesses are beginning to recover from the economic downturn but aren’t yet strong enough to take on new members of staff in substantial numbers.

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Inflation reappears on the Bank of England’s radar

The Bank of England’s rate-setting Monetary Policy Committee is growingly increasingly concerned about a possible resurgence in inflation.

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What the political parties are promising

With the election looming, the main political parties have outlined what they intend to do on business support and tax.

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Sharp increase in number of jobs

The labour market is enjoying a rapid rate of expansion, a new survey has revealed.

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Threat of double-dip recession fades

The UK economy seems to have sidestepped the dangers of a double-dip recession but still faces many risks, a new study has claimed.

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Surge in manufacturing output raises hopes for recovery

Activity in the UK’s manufacturing sector expanded at its fastest rate since 1994, a new survey has revealed.

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Credit still proving elusive for smaller businesses

Figures released by the Bank of England have suggested that small firms are continuing to experience some difficulties in securing loans from the banks.

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Consumer confidence shows a slide

Consumer confidence in the economy dipped last month.

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