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UK Business Closures Spike Before Rises in Tax and Minimum Wage

Summary by Bloomberg
Thousands of UK businesses filed for insolvency ahead of tax and wage increases on employers, a blow to Chancellor Rachel Reeves’ efforts to balance the struggling economy’s books.

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Daily RecordDaily Record
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East Kilbride MP hails 'record' minimum wage increase for 7000 South Lanarkshire residents

The changes will also see a pay boost for Britain’s young people – with the National Minimum Wage for younger workers and apprentices seeing a record cash increase.

·Glasgow, United Kingdom
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BloombergBloomberg
Lean Left

UK Business Closures Spike Before Rises in Tax and Minimum Wage

Thousands of UK businesses filed for insolvency ahead of tax and wage increases on employers, a blow to Chancellor Rachel Reeves’ efforts to balance the struggling economy’s books.

·United States
Read Full Article
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  • 100% of the sources lean Left
100% Left
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Bloomberg broke the news in United States on Thursday, April 3, 2025.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

Rachel Reeves

Rachel Reeves

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Minimum Wage

Minimum Wage

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United Kingdom

United Kingdom

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UK Economy

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