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The economy

Income tax requires '7p hike'

To tackle the UK’s massive public debt, the basic rate of income tax should be raised by 7p in the pound, a leading think tank has said.

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Recession almost over, says BCC

The UK economy is on the verge of coming out of recession, the British Chambers of Commerce (BCC) has said.

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UK businesses becoming more productive

British businesses are showing signs of improvement in an area where they have long and traditionally lagged behind the international competition: worker productivity.

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A third of firms keep wages on hold

One out of three firms have imposed wage freezes on their employees this year, a new study has found.

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Output figures show unexpected fall

The fragile nature of the UK’s economic recovery has been exposed by new figures that have revealed a drop in manufacturing output.

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Small businesses forecasting recovery

Almost a half of small firms are anticipating an upturn in sales during the next year, a business group has claimed.

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Recovery ahead, but VAT rise could dampen spending

The UK economy is on course to emerge from the recession in the second half of the year, the CBI has predicted in its latest forecast.

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Road to recovery fraught with risks, says BCC

The UK economy has begun the journey towards recovery but still faces many risks, the British Chambers of Commerce (BCC) has said.

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Business lending slides by record amount

Bank lending to businesses fell by £8.4 billion in July, new figures have revealed.

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Pay rises slip to record low

Average pay increases offered by UK firms have dipped to just 1 per cent, the lowest figure since records began.

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