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Further news updatesBack

HMRevenueTax queries could be disrupted by strikes

Tens of thousands of tax workers will hold rolling strikes across the UK in a dispute over job cuts, which could have an impact on queries with HMRC.

Walkouts will affect HM Revenue and Customs offices every day this week as the union bids to halt job cuts and persuade senior officials to work with the union to develop a case to government for more funding.

Source: fleetnews.co.uk

RetailRetail sales growth falls to lowest level since January

Sunny weather and the fanfare surrounding the World Cup failed to persuade shoppers to open their wallets in the month to June, with retail sales growth falling to its lowest level since January.

According to the latest CBI barometer of retail sales, buoyant growth during spring and early summer has given way to markedly less rosy picture as shoppers react to persistently low pay rises and the threat of higher mortgage rates later this year.

After a recent improved run for the high street, a fall in clothing and food sales dragged down growth, the survey found.

The survey follows a pattern set by official figures for retail sales in May, which showed that shoppers were generally unwilling to spend after a spree in March and April.

Source: theguardian.com

EuropeanLeaving EU will cost 3m jobs, warns Treasury

More than three million jobs will be put at risk if Britain leaves the EU, according to Treasury estimates that will infuriate Tory MPs.

The research will be disclosed today by Danny Alexander, the chief secretary to the Treasury, as he sets out the case for keeping Britain within Europe.

Officials have estimated that 3.3 million jobs are linked to Britain’s EU membership, confirming figures cited by Nick Clegg in his debate with the Ukip leader, Nigel Farage. The research will anger Tory MPs many of whom want Britain to leave the EU after a referendum.

Source: thetimes.co.uk

Bank1Banks ‘offsetting compensation by hitting SMEs’

Banks are said to be recouping compensation payments that they were forced to make to thousands of small businesses by cutting their overdrafts and changing the terms on loans.

A law firm acting for hundreds of companies affected by the mis-selling of interest rate swaps has warned that once companies have accepted a settlement through the Financial Conduct Authority’s compensation scheme, some lenders are offsetting these payments, often leaving their victims no better off.

Source: thetimes.co.uk

GMLogoGeneral Motors Orders Dealers to Stop Selling 2013-14 Chevrolet Cruzes

General Motors has told dealers in the U.S. and Canada to stop selling 2013 and 2014 Chevrolet Cruzes because of a potential defect in air bags made by beleaguered air bag supplier Takata. A stop-sale order is not a recall, but it could have an immediate impact on Cruze sales, at least in the final days of June. Introduced in 2009, the Cruze is GM’s top-selling car.

Source: Detroit Free Press

Posted by Sue Robinson on 27/06/2014