5 Things You Need To Know, Today, on Thursday 12th November 2020

Justin Waite
5 Things You Need To Know
06:03, 12th November 2020

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5 Things You Need To Know, Today, on Thursday 12th November 2020

5. The boom in Britain’s housing market carried on into October as a gauge of house price growth struck a new 21-year high.

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4. The number of people falling into severe problem debt after being hit by the impact of coronavirus has doubled since March, a charity has said.

StepChange said that 1.2 million people faced serious issues including falling behind on essential bills and using more credit to make debt repayments.

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3. The amount of tax levied on capital gains could be raised by billions of pounds, according to a new report.

About £14bn could be raised by cutting exemptions and doubling rates, according to the review, which was commissioned by Chancellor Rishi Sunak.

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2. Britain will attempt to reassure nervous business leaders that it appreciates the need for clarity on rules outside of the European Union by setting up a task force to discuss challenges 50 days before the transition period ends.

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1. Retailers and supermarkets have been accused of taking advantage of lockdown loopholes for Christmas trading while other stores remain closed.

Traders whose businesses are closed say some companies aren't playing fair as they can sell non-essentials items alongside essentials items.

(Click here to read more)

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