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Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.Millions to face fines if self-assessment tax return deadline missed
Taxpayers could face fines totalling to £250 million.Big businesses to reduce payment times to small suppliers
50,000 small firms close every year due to late payments.HMRC reminds taxpayers of time-to-pay option
Self-assessment taxpayers can spread payments over up to 12 months.Rising living wage set to drive up employer costs
23-year-olds to get highest NLW hourly rate for the first time.Govt. reveals over 1.4m loans given to UK firms
The loans are part of the £280bn support package.Small firms get COVID-19 insurance boost
Around £1.8bn is expected to be paid out in claims.BCC calls for business rates relief extension
Govt. should 'extend relief for the whole of 2021'.
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