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Outdoor hospitality and non-essential retail reopen

In line with the Government's roadmap to unlock the UK from the latest lockdown, a large part of the economy has reopened today (12 April) in a boost to consumer confidence.

Hairdressers, gyms and leisure facilities, as well as outdoor pubs and restaurants are among the businesses that can welcome customers back.

Queues of people braved the snow on Oxford Street, London, waiting...

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Super-deduction prompts 1 in 4 companies to invest

Investment in the UK's manufacturing sector is set to increase as a result of the Government's super-deduction tax break, a report has claimed.

Research from manufacturers' organisation Make UK found that 23% of companies plan to raise investment levels because of the super-deduction, while 28% are in the process of drawing up investment plans.

Of the 149 manufacturing companies...

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Tax bodies call for Scottish tax overhaul

The Chartered Institution of Tax and Institute of Chartered Accountants of Scotland (ICAS) want "a devolved tax system that is sustainable and fit for purpose".

The two tax bodies made the recommendations in response to a poll which found 26% of Scots were "not aware of" Holyrood's powers to change income tax rates.

The report said a new minister for Scottish taxes and greater...

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Recovery Loan Scheme launches

With non-essential businesses poised to reopen next week, lenders have been given the all clear to provide a wave of financial support to businesses as part of the Government's recovery loan scheme (RLS).

Announced by Chancellor Rishi Sunak in the Budget last month, all loans under the programme include an 80% government guarantee.

The loans under the RLS vary in size from £25,...

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National living and minimum wage rates increase

Around two million low-paid workers in the UK will see a pay rise following increases to the national living wage and national minimum wage.

The national living wage increased by 2.2%, from £8.72 to £8.91 an hour on 1 April 2021, as well as being extended to people aged 23 and older, having previously only applied from age 25.

The national minimum wage hourly rate for workers...

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