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Recovery & Renewal - Inclusive Labour Markets - North East Region (OC25S21P1824)
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UK economy warning: Inflation could rise sharply threatening Sunak s recovery plan
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| UPDATED: 14:35, Mon, Mar 8, 2021
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The Brexit trade deal, implemented on January 1, has not ended the tensions between the UK and the EU over exports and imports. As both parties continue to adjust to the new relationship, the economic impact is being felt in Germany. Joachim Lang of the BDI, the main association of German industry, said in February that “supply-chain problems are hitting German companies very hard”.
| UPDATED: 22:07, Mon, Mar 8, 2021
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The Chancellor of the Exchequer Rishi Sunak has frozen a number of tax-free allowances for five years, with this move set to result in HMRC collecting an extra £985million in Inheritance Tax specifically.
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