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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Employers ramp up counter-offers to retain staff
Number of counter-offers increase by 51% in last 12 months.Four in ten experienced scam attempt in the last year
Average loss of funds was £4,715 per person.Corporate insolvencies down 6% in July
Insolvencies remain higher than pre-pandemic levels.Inflation falls to 6.8% in July
Flights and hotels keep prices high.Pay growth ends 18 month wage squeeze
Higher pay may alarm inflation-busting policymakers.One million more pulled into tax on savings
Over 2.7m will pay tax on cash interest in 2023/24.Govt. to reform personal insolvency framework
Policy will align framework with ‘the needs of 21st century stakeholders’.CIOT: remove CIS deductions on landlord payments
Construction tax rules ‘cause problems’ between tenants and landlords.Economy grows by 0.2% in second quarter
Information and accommodation industries fuel growth.UK rental market shrinks by 400,000 homes
Estimated 126,500 rental properties sold since 2022.
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