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Why deflation is bad news

Inflation, like interest rates, the instrument used by the Bank of England to control rises in the cost of living, is on the way down.

How long will the recession last?

On Friday 23 January 2009, the Office for National Statistics produced the figures confirming what everyone knew: that the UK economy was in technical recession, defined as two consecutive quarters of negative growth.

Right to request time off for training to exclude agency workers

New legislation, giving employees the right to request time off for training, will not be extended to include agency staff.

Companies warned of increased late filing penalties

Companies House has stepped up its efforts to warn firms that they face more punitive penalties for the late filing of annual accounts.

Date for claiming VAT refunds approaches

Businesses are being reminded that the date by which they can claim a refund on past VAT payments is 31 March 2009.

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