Plans by HM Revenue and Customs (HMRC) to scrutinise the record keeping of smaller firms could prove costly for many enterprises, it has been claimed.

Public finances in January grew by the largest amount in over two years.

Consumer confidence plunged at its fastest rate in January on the back of the rise in VAT.

The Chancellor, George Osborne has flagged up a new online portal, designed to elicit ideas from the public and from businesses for the forthcoming Budget.

Small firms appear to have taken the recent hike in VAT in their stride.

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