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Urgent need to give hospitals certainty over Covid costs – Stevens

Urgent need to give hospitals certainty over Covid costs – Stevens
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Weighing up the burden of corporation tax hike

Weighing up the burden of corporation tax hike By Tony Wickenden 1 st February 2021 1:13 pm It is that time of year when Budget rumours start appearing in the press. As usual at this stage, it is impossible to tell which are the genuine possibilities and which are distractions promulgated by the Treasury to evoke relief when proven to be unfounded. One of the ideas you will have seen doing the rounds is an increase in corporation tax. In the Finance Act 2020, chancellor Rishi Sunak scrapped the reduction in the rate of corporation tax from 19 to 17 per cent, which had been legislated by then-chancellor George Osborne in the Finance Act 2016.

Covid-19 and Brexit ignite memories of steel, aluminium and coal closures

The economic double whammy of Covid-19 and a hard Brexit could blight the North Wales economy for a generation - in a throwback to the dark days of steelworks and mine closures. Dr Edward Jones, of Bangor University’s acclaimed School of Economics, warned the massive slump could cripple the region’s ability to bounce back from the current recession. He says the latest unemployment figures paint a gloomy picture with the Welsh jobless number rising from 3.1 per cent in March to 4.6 per cent, an increase of over 20,000 people but there is likely to be worse to come as major employers like Airbus consider shedding jobs.

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