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Chancellor George Osborne caps business rate rises

According to recent reports the chancellor George Osborne intends to impose a cap of 2% on business rate rises in England and Wales. The government will lose a whopping £300m in revenue, but also lessen the burden for businesses across the country.

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SRA steps up efforts to enforce the referral-fee ban

Chief executive of the Solicitors Regulation Authority (SRA), Antony Townsend has announced that the regulator intends to step up their efforts of enforcing the referral fee ban, which came in to place in April this year. Townsend related that 900 firms that relied on personal injury work for at le…

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Practicing solicitors hit 130,000 in England and Wales

According to recent SRA figures, at the tail-end of October the number of practicing solicitors in England and Wales raised to over 130,000. This was an all-time high but is likely to fall in the coming months following the end of the certificate renewal period in November.

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Tougher regulation to be expected for payday lenders

Today, the Financial Conduct Authority (FCA) has set out how it plans to regulate payday loan firms, when it takes on the responsibility of over 50,000 companies in 2014. Despite the Office of Fair Trading (OFT) efforts to protect consumers from unscrupulous payday lenders, the FCA have commented t…

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Law firms struggle to obtain PII cover in the final hurdle

With the 1st October PII renewal date looming, many law firms are struggling to find cover. The manageable stampede is said to have turned into ‘significant turmoil’ since over 1,000 customers of unrated PII insurer Berliner were urged to find alternate cover. Simon Lovat, of The United Insurance…

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