9am Lowdown: Budget, Bank of England and debt

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Good morning everyone and welcome to today’s 9am Lowdown.

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In the news

Chancellor Philip Hammond has been warned he has “no chance” to see tax cuts or spending increases in next month’s Budget. (Independent)

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The Bank of England is poised to push interest rates back up to 0.5% for the first time since 2007, raising the cost of borrowing for British households. (Reuters)

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New research has revealed that the average person in the UK owes £8,000 on top of mortgage debt. (The Guardian)

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Controversial new self-employment rules may be extended to the private sector as part of a crackdown on tax avoidance. (Business Insider)

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New on AccountingWEB

Rebecca Cave lists her top tax horrors.

This month’s industry lowdown compiles the latest insight and most popular items on our industry Insights page.

On the blogs, Zam23 examines how HMRC’s cancellation of thousands of self-assessment fines, sparked calls for a quick “root and branch” system's review.

 And on the industry insights page, Thomson Reuters explains how to manage the PSC register.

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