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Rising unemployment to do 'permanent damage' to economy, says think tank

Unemployment in the UK is forecast to rise by the end of year, leading to 'permanent damage in the country's productive capacity', the National Institute of Economic and Social Research (NIESR) has warned.

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Scotland Act 2012 given Royal Assent

Scotland is to be handed new powers in setting its own rate of taxes and legislation after the Scotland Bill was given Royal Assent.

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Poor management 'undermining' economic growth, says advisory group

Poor management skills and lack of leadership by managers in the UK is hindering attempts to boost economic growth, The Chartered Institute of Personnel and Development (CIPD) has claimed.

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Small businesses urged to consider alternative buying methods to reduce costs

Small recession-hit businesses faced with increased business costs may be able to save money through group buying, research carried out by the Forum of Private Business (FPB) has claimed.

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SMEs 'losing battle' for public sector work, says business group

Small and medium sized businesses (SMEs) are continuing to lose out on public sector contracts, despite recent Government initiatives, says the Federation of Small Businesses (FSB).

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MPs call for Government to help SMEs in bank 'mis-selling scandal'

Toby Perkins, shadow small business minister, and Chris Leslie, shadow Treasury minister, have called for the Government to take urgent action against growing claims that mis-selling by banks has driven many driven small businesses to the point of bankruptcy.

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Advisory group to track Northern Ireland's global economic competitiveness

Northern Ireland's independent Economic Advisory Group (EAG) is to develop a strategy to accurately measure the country's economic competitiveness.

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Four in five SMEs affected by postal price hike

Four in five small businesses in the UK believe the change in postal rates - which came into effect on 30 April 2012 - will affect their business and the ways in which they communicate with customers.

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12,000 sent incorrect tax penalty notices from HMRC

HMRC has apologised to more than ten thousand people who were wrongly sent penalty notices after it believed they had failed to file self assessment tax returns.

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New defined benefit pension rules offer breathing space for employers

The Pensions Regulator is to relax the rules regarding defined benefit pension schemes, after fears that businesses are putting themselves at risk struggling to maintain funding in the current economic climate.

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