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Extend furlough scheme to summer, warns BCC
Around four million UK workers were furloughed at the end of December.Over 900,000 UK firms ‘at risk of failing by April’
Around 15% of businesses are at “great risk” of imminent closureIFS: UK tax system ‘discourages employment’
Employees’ salaries currently attract more in tax than self-employed individuals.Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.Millions to face fines if self-assessment tax return deadline missed
Taxpayers could face fines totalling to £250 million.
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