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

Companies failed to pay £2.1 million to 34,000 workers.

Businesses can apply for the £7 million fund.

The deficit was £30.5 billion in 2019.

One in five employers are likely to make redundancies.

Borrowing stood at £17.9 billion in June 2021.

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