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Self-employed boosted by tax clawback

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Thousands of small business owners who have lost money during the coronavirus crisis can claim more than £1bn in tax rebates to help mitigate losses, with ministers having announced an emergency extension to “loss carry back” rules. Previously losses could only be carried back one year to offset historical...

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BoE keeps rates steady

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The Bank of England has held interest rates at 0.1% and its bond-buying programme at £895bn, with its Monetary Policy Committee (MPC) voting unanimously to keep rates at record-low levels. The Bank said the outlook for the economy remained unusually uncertain, adding that it depends on the evolution of...

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Britons set for £50bn spending spree

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A report from the Centre for Economics and Business Research (CEBR) and Isa provider Scottish Friendly suggests Britons will go on a £50bn spending spree once restrictions are lifted, spending money saved over the past year. The analysis says households intend to take more holidays and eat out more,...

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Half of all freelancers planning to quit

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Research from the freelance trade body IPSE reveals that half of all freelancers plan to quit self-employment for good. A quarter of those planning to quit will seek work abroad while a sixth intend to return to full-time employment. One in 10 had plans to stop working altogether, IPSE...

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Mixed feelings after evictions ban extended

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The Government has extended the ban on housing evictions enforced by bailiffs in England until May. But ministers indicated this could be the final such extension, promising a “new approach” from June. The current ban was due to expire at the end of March. The Government also extended the...

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