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HMRC targets businesses for NMW compliance
Enforcement to focus on 11 specific regions.A third of SMEs distrust AI in finance
SMEs see a mix of automation and human oversight.HMRC cuts late payment interest rate
0.25% reduction for late and repayment interests.CGT take falls by £2.5 billion
Only 369,000 taxpayers paid CGT in 2023.Bank of England cuts interest rates
First reduction in four years sees a 0.25% cut.New tax rules for non-doms
Non-doms face stricter taxes and inheritance rules.Rising poverty linked to mortgage rates
Interest rate hikes push households into financial distress.Rising tax revenues despite NI cuts
Tax collection grows despite reduced NI rates.King’s Speech lays out economic reforms
The FSB calls for new policies and reforms for SMEs.Labour Budget date set for 30 October
£20 billion deficit is expected to be addressed.