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Advice & Best PracticeFeatures

The UK has no money. Is the HMRC crackdown set to increase?

By James Cordiner, Tax Investigations Manager, UK, Markel

While the headline might not be quite true, events over the last few years have certainly impacted UK borrowing. The Covid-19 pandemic resulted in public spending of between £310 billion to £410 billion. To put that into context, public sector borrowing for 2022/23 was around £130 billion according to the ONS.

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