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Economy

UK SMEs hit by hiring woes despite ‘record’ wage rise

SMEs are ‘struggling to compete with big business’ when it comes to salaries, perks and job security as late payments to small businesses increased in May

SMEs across the UK are “facing more woes” as they struggle to fill vacancies despite a strong 14.3% increase in year-on-year sales growth and a “record” 5% rise in wages, according to new data from Xero

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