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Christmas shoppers to spend £4.4bn with small retailers in December

Small businesses could see a Christmas boost of £4.4 billion this year, with £140.4 million spent every day in December, according to research by Direct Line for Business.

A survey of 1,090 people found that shoppers plan to buy 18% of their gifts at independent retailers, with each person spending £87.51 on average.

The majority (93%) of people surveyed feel it's important to...

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Call for new approach to mortgage regulation

UK Finance, a body representing organisations in the finance and banking sector, has called for a more coordinated approach to housing policy and the regulation of mortgages.

In its report The Changing Shape of the UK Mortgage Market, published last week, the organisation makes several key recommendations, including improved long-term coordination of housing policy and mortgage...

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‘Remove demand to report loan charge in tax returns’

Thousands of people in the loan charge settlement process should not have to report backdated taxes through self-assessment next month, a tax group argues.

Up to 50,000 people were paid through loans from offshore trusts dating back to 1999, and more than 8,000 have paid backdated taxes to HMRC worth £2 billion.

Those who have yet to settle their liabilities have to declare any...

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Quarter of SMEs expect to go bust by 2024

A quarter of small business owners in the UK believe their business will fold in the next five years, research from Xero has claimed.

Late payments (54%), tax rates (44%) and cyber-attacks (27%) were some of the biggest concerns among the 500 owner-managers polled.

Other challenges included Brexit (44%), maintaining or increasing levels of productivity (31%) and the costs...

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Most workers lose hope of landing their dream job

Employers should invest in training to prompt staff development, after research showed most employees have given up hope of securing their dream job.

The Association of Accounting Technicians (AAT) polled 2,500 people and found that 57% felt they had either left it too late or lacked the confidence to further their careers.

The average age at which employees threw the towel in...

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