Current Affairs

UK inflation falls to two year low

Inflation fell to its lowest level since February 2010 in April, the latest figures from the Office for National Statistics (ONS) show.

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EU trends show corporate and personal tax rates are on the up

The average standard VAT rates in the European Union's 27 countries have risen dramatically since 2008, a new report into taxation trends by the European Commission has found.

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Committee report sceptical of length of apprenticeships

MPs have criticised the length of apprenticeship programmes after a report found a fifth of apprenticeships lasted for six months or less.

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Cameron: Continued austerity measures and increased credit for businesses

Prime Minister David Cameron has said the Government will refuse to back down on deficit reduction plans and pledged to boost credit for businesses and households, in a speech made yesterday on the UK's economy.

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Businesses leaving employees in the dark about rewards and pay

Companies failing to communicate with employees about their remuneration package, including salaries and benefits, are 'wasting' their money and failing to reap the benefits, research carried out by the Chartered Institute of Personnel and Development (CIPD) has claimed.

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Millions set to retire on less than the minimum wage

More than six million of the UKs over 50s will live on less than the minimum wage in retirement, a new survey has found.

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UK unemployment falls while part time workers are on the up

Unemployment in the UK has fallen by 45,000 between January and March, taking the total of unemployed individuals in the UK to 2.63 million, according to figures from the Office for National Statistics (ONS).

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Northern Ireland corporation tax cut could 'change economy overnight'

Pressure on the Treasury to allow Northern Ireland the power to set its own rate of corporation tax is mounting, after the Confederation of British Industry (CBI) said a lower rate could improve the country's economy 'overnight'.

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Confusion over PPI compensation and tax liability

Individuals receiving compensation for mis-sold payment protection insurance (PPI) are unaware they may be liable to pay tax on awarded payments, after HMRC clarified its position on PPI and taxation.

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Small businesses struggling with ineffective infrastructure

Rising energy costs and access to effective telecommunications, including broadband and mobile phone reception, have topped the polls as some of the most important infrastructure issues for small businesses, new research from the Forum of Private Business (FPB) has found.

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