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What’s happening in the UK business world today? From HMRC briefings to financial tech advancements, we’ve got you covered with all the latest updates and information from around the country.
Insolvency figures rise by 18%
Surge attributed to high borrowing rates and inflation.Brexit border checks to cost £4.7bn
Multiple delays and shortages increase financial outlays.UK needs 250,000 construction workers by 2028
Skills gap in the construction industry needs to be addressed.Treasury grants HMRC £51 million to improve helplines
The funds aim to improve the call response rate.Report reveals HMRC service wait times for taxpayers
Taxpayers have waited for a total of 800 years.Staff rates fall while pay growth rises
Workplaces drop but salaries increase over April.Interest rates to remain at 16-year high
Rate of 5.25% maintained for the sixth time.UK no longer in recession
Country exits recession with fastest growth in 2 years.Higher mortgage rates hit property rebound
Potential homebuyers being deterred by high prices.Nature degradation poses risk to GDP
Nature damage could cause a 12% GDP loss.
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