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Business News

The latest Business and Finance news making the headlines in the UK

HMRC reminds parents to extend Child Benefit claims

HMRC is reminding parents of 16-19-year-olds to extend their Child Benefit claim if their teenager is staying in certain types of education or training after their GCSEs or National 5s.

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Long-term borrowing costs reach highest level since 1998

Long-term borrowing costs have reached their highest level since 1998 as a result of the Iran war and ongoing uncertainty over local and national elections.

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Chancellor's tax on EVs 'could create hole in Treasury's finances'

Experts have warned Chancellor Rachel Reeves that her pay-per-mile electric vehicle (EV) tax could create a £4.8 billion hole in the Treasury's finances.

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Small businesses 'frozen out of EU markets'

Research carried out by the Federation of Small Businesses (FSB) has shown that small firms in the UK are being pushed out of EU markets by red tape and rising costs.

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Bank of England faces dilemma after holding interest rates

The Bank of England has held the base rate of interest rate at 3.75%, but now faces a dilemma, according to the British Chambers of Commerce (BCC).

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UK economic security at risk, says business group

The British Chambers of Commerce (BCC) has warned the government that the UK's economic security is at risk, and has urged it to prioritise security after ten years of geopolitical shocks.

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Business rates system 'major brake on investment and growth'

The Confederation of British Industry (CBI) has warned that the UK's business rates system poses a 'major barrier' to UK growth and competitiveness.

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Higher fuel, energy and food prices could linger following Iran war

Government ministers have warned that higher prices for fuel, food, energy and flights could linger following the end of the US-Israel war with Iran.

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UK borrowing tumbles to lowest level in four years

Figures published by the Office for National Statistics (ONS) have revealed that UK borrowing has fallen to its lowest level in four years.

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