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

A new poll has revealed that businesses believe the cut in VAT, introduced by the government in an effort to stimulate consumer spending, has done little good.

Retaining talented employees is still a priority for many firms, despite the pressures of the economic downturn.

HM Revenue and Customs (HMRC) has announced that some 60,000 businesses have reached agreements for delaying the payment of their taxes.

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Savings accounts were delivering record low returns in January, new figures have revealed.

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