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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

SMEs to get grants for professional advice

New £20m Government grant covers accountancy fees.

Government-backed business loans pass £50bn

1.2 million businesses receive coronavirus support loans.

UK in first technical recession in 11 years

Economy shrinks by 20.4% in Q2 2020.

Employment falls by largest amount since 2009

Over-65s most likely to be affected by job losses.

One in three firms plan redundancies

More job cuts expected by the autumn.

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