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Regulations, introduced to bring the UK into line with the EU Directive on Privacy and Electronic Communications, mean that businesses need to secure the advance permission of recipients before sending marketing e-mails and text messages.
Those businesses that fail to abide by the rules are committing a criminal offence and could face a fine.
The measures also cover the use of internet tracking devices, known as 'cookies', which are placed onto personal computers by websites. Businesses must have the agreement of the user before using cookies.
While the aim of the regulations is to help to cut down on unwanted e-mails and text messages, SMEs may find themselves at a disadvantage, as many do not have access to the advertising methods used by larger companies, and rely largely on telephone and e-mail marketing.
The chances of the UK economy entering a second recession next year have risen, according to the National Institute for Economic and Social Research (NIESR).
The British economy could find itself facing a period of decline if the skill levels of the workforce do not show marked improvement, it has been claimed.
The government is proposing to scrap the default retirement age of 65 by October 2011.
Many banks and building societies are failing to keep savers properly informed about changes to the interest rates on their accounts, comsumer group Which? has claimed.
With thousands of people predicted to start up their own micro-businesses as unemployment rises, a business group has called on the tax authorities to respect their employment status.
The Treasury has issued nine consultation papers on various aspects of the personal and business tax system in what amounts to a far-reaching overhaul of the entire regime.
Businesses have been warned that they could see a steep rise in energy costs over the coming years.
Banks could face possible tax sanctions if they fail to boost lending to smaller businesses.
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