Current Affairs

Advisory group to track Northern Ireland's global economic competitiveness

Northern Ireland's independent Economic Advisory Group (EAG) is to develop a strategy to accurately measure the country's economic competitiveness.

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Four in five SMEs affected by postal price hike

Four in five small businesses in the UK believe the change in postal rates - which came into effect on 30 April 2012 - will affect their business and the ways in which they communicate with customers.

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12,000 sent incorrect tax penalty notices from HMRC

HMRC has apologised to more than ten thousand people who were wrongly sent penalty notices after it believed they had failed to file self assessment tax returns.

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New defined benefit pension rules offer breathing space for employers

The Pensions Regulator is to relax the rules regarding defined benefit pension schemes, after fears that businesses are putting themselves at risk struggling to maintain funding in the current economic climate.

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Businesses still struggling with late payment culture

Companies struggling with the effects of late payment are failing to take advantage formal procedures and are putting their business at risk, a new business report has warned.

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Government publishes potential business contracts worth £70 billion

£70 billion worth of potential future government contracts have been published by cabinet office minister Francis Maude and business secretary Vince Cable, in a bid to boost UK economic growth.

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Landmark Supreme Court ruling on forced retirement

The UK Supreme Court has dismissed an appeal from an older worker who was forced to retire, in a landmark ruling that may establish new ground rules for employer powers regarding the treatment of older employees.

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Four out of five companies offer flexi-working

Over 80 per cent of UK firms now offer employees flexible working options, a new study has found; although nearly 38 per cent of businesses only extend the privilege to senior members of staff.

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Preliminary figures show UK in double-dip recession

UK economic growth decreased by 0.2 per cent in the first quarter of 2012, according to preliminary figures from the Office for National Statistics (ONS), pushing Britain back into a technical recession.

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Over 50s may have to work an extra 11 years to afford retirement

Millions of older workers may have to work well into their late 70s in order to live comfortably in retirement, new research from the Pension Policy Institute (PPI) has found.

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