Surge attributed to high borrowing rates and inflation.
Insolvency figures rise by 18%
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Current Affairs
Brexit border checks to cost further £4.7bn
Multiple delays and shortages increase financial outlays.
250k construction workers needed by 2028
Skills gap in the construction industry needs to be addressed.
Treasury grants HMRC £51 million to improve helplines
The funds aim to improve the call response rate.
Report reveals HMRC service wait times for taxpayers
Taxpayers have waited for a total of 800 years.
Staff rates fall while pay growth rises
Workplaces drop but salaries increase over April.
Interest rates to remain at 16-year high
Rate of 5.25% maintained for the sixth time.
UK no longer in recession
Country exits recession with fastest growth in 2 years.
Higher mortgage rates hit property rebound
Potential homebuyers being deterred by high prices.
MPs warn unfair banking is harming small firms
Treasury Committee says confidence among SMEs has fallen.
Interest rates drop delayed to next month
Rate remains unchanged since August last year.
UK predicted slowest growth among rich nations
GDP is only expected to rise by approximately 1% in 2025.
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