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

Business groups have supported the government’s move to boost the credit market with a second multi-billion-pound bail out of the UK’s banks.

Taxpayers, with tax owing of up to £2,000, are being advised that HM Revenue and Customs’ online tax return website contains a mistake.

The Business Payment Support Scheme (BPSS) has a number of detailed technical consequences. These are discussed below.

The government needs to review the burden imposed on employers by employment rules and regulations in order to tackle unemployment and to make sure the jobs market grows once the downturn is over.

Savers should be offered tax incentives as way of combating the poor returns currently being delivered by savings accounts, a leading banker has argued.

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