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

The OBR predicts the economy will grow by 5.5% in 2021.

Clarification needed on tax exemption for annual functions.

Temporary threshold in place until 1 January 2022.

First-time buyers can get up to 20% off the cost of a new home.

Borrowing hit its highest levels in October since records began in 1993.

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