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The new framework will be effective from January 1, 2023 onwards and in accordance with the public sector regime.
The initiative significantly improves cash flow, and bring cost savings for businesses, especially for SMEs, including retailers.
The decision represents a major and humiliating U-turn for new Prime Minister Liz Truss, who was insisting as recently as Sunday she was “absolutely committed” to the cut.
It is been reminded that Mati area has been stricken out by wild fires resulting in the loss of more than 100 people lives.