The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

The Federation of Small Businesses (FSB) has called on the government to make the rates relief to which small firms are entitled automatic.

The draft of the taxpayers’ charter, which sets out the rights and responsibilities of HM Revenue and Customs (HMRC) and taxpayers, has been described as “inadequate”.

More needs to be done by the government to help smaller employers hold on to their staff during the recession.

The UK economy could take up to three years to regain the levels of growth seen before the recession hit, a think tank has predicted.

The Chancellor is being urged to use the forthcoming Budget to introduce tax measures that will encourage business investment.

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