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Interest rate rises deliver biggest wealth fall for households since World War II
High rates could end 40-year wealth boom.UK economy remains on shaky ground
GDP falls by 0.1% in May.R&D tax relief crackdown allegedly deterring genuine claims
Valid claims are apparently being rejected by HMRC.Record wage growth not fast enough to beat inflation
Wage growth nevertheless fuels inflation fears.Chancellor aims to boost pension funds by £1,000 a year
Announcement part of wider pension reforms.Alcohol duty system changes from next month
All alcoholic drinks to be taxed based on ABV.Business confidence falls in June
Directors cite stubborn inflation as their main concern.CIOT: R&D crackdown deters legitimate claims
Current ‘volume compliance’ approach does not work.SMEs responsible for 56% of tax gap
Tax gap rises by 5% to £36bn.HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.
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