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Lending to both large and small firms remains weak, the Bank of England has said.

Figures have been released showing that the IR35 tax regulations are producing an average of just £1.5 million a year in tax revenues.

Changes to the rules next year will affect early access to pensions.

High earners were also shocked to hear that not only would tax relief for pensions be restricted from 2011, but that the Government also intends to restrict their ability to contribute this year and next, in the run up to the new rules.

The restriction, however, is much more limiting than was expected, as it is intended to prevent those affected from increasing their pension contributions in 2009/10 and 2010/11.

But the effect of the rules as drafted mean that many taxpayers earning over £150,000 per annum could be forced to reduce their pension contributions this year.

Managing a business can be challenging at the best of times. Here are some tips on how to make it through the worst.

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