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The latest news from Red Flag Alert.

Financial Distress Edges up as Economy prepares for an uncertain year ahead

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Financial Distress Edges up as Economy prepares for an uncertain year ahead

The Q4 Begbies Traynor Red Flag Alert Business survey shows an increase in business distress level
Q4 2016 Economic Distress Report

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Q4 2016 Economic Distress Report

276,518 UK businesses finished 2016 in a state of ‘Significant’ financial distress, 91% being SMEs

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Business News Summary 15th December 2016

Britain now has the highest property taxes in the developed world, according to an analysis by the OECD. It found property taxes accounted for 12.7% of the total tax burden in 2014, compared to an average of 5.6% among the OECD's 35 members.

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Business News round up 24th November 2016

Philip Hammond has said £2bn could be raised through a new clampdown on tax evasion, avoidance and aggressive tax planning. The measures will include a new penalty for lawyers and accountants who enable the use of avoidance schemes later found to be improper.

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Business news round up

The Times’ Mark Little and the Telegraph’s Mathew Lynn both call for the Chancellor Phillip Hammond to use his Autumn statement as an opportunity to scrap swathes of taxes. They say Britain’s tax system has become dysfunctional and inefficient. Mr Littlewood says Mr Hammond should be seeking to ease the overall tax burden down to about 30% of national income to boost confidence and stimulate growth.

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Business news round up

UK public sector net borrowing was £1.3bn higher in September than at the same time last year and greater than the £8.5bn that economists had been expecting, according to the ONS. This brought the deficit for the first six months of the year to £45.5bn with £55.5bn forecast by the OBR for the year.

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Business news round up

Oil stocks fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew doubtful that OPEC members will agree to cut output and as U.S. inventories staged a surprisingly large increase.

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Red Flag Alert aiming to help businesses protect themselves against Cyber Threat

Business owners are concerned by the lack of cohesive messages in cyber and cyber security. Few business owners are even aware of Cyber Essentials, the government supported scheme setup to help businesses with their cyber security. It is circumstances such as these which have led to the development of Red Flag Alert’s new Cyber Security Services.

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