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Savers see Isa rates fall to a record low

Average cash Isa rates have fallen to just 1.43 per cent as providers continue to steer away from new tax-free offerings, Bank of England data has found.Continue reading

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CEBR predicts that interest rates will not go up before summer 2016

Due to the fact that the UK’s economic recovery has slowed down, which is partly due to the fallout from problems in China, the Centre for Economics and Business Research (CEBR) has stated that interest rates will not rise before the end of summer next year.Continue reading

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Bank of England warns that buy-to-let boom could pose risk to UK economic recovery

The Bank of England has issued a warning that in the event of UK house prices falling there could be major repercussions, resulting in a UK economic recovery setback.Continue reading

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Savings rates are on the rise

The majority of high street banks in Britain have increased their rates for savers, though National Savings & Investments (NS&I) has gone against the market trend and decided to cut the rate on its Direct Isa, meaning it will be 1.25 per cent from 16th November.Continue reading

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Clash in Bank of England when it comes to interest rates

Interest rates are set to rise despite turmoil in the global economy… or are they? It seems officials at the Bank of England have different opinions.Continue reading

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Almost a quarter of HMRC tax investigations last for 12 months

According to recent figures, 23 per cent of HMRC’s tax investigations take more than a year, and a small number – 3,800 out of 115,000 local tax office cases – were not resolved even after a period of three years.Continue reading

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UK’s rail network adds ‘up to £10.1 billion’ each year to the economy

£10.1 billion is added to the UK economy every year by the nation’s rail network, according to a recent report published by Oxera, an economic analysis firm.Continue reading

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EU official calls for greater co-operation to tackle tax avoidance

The president of the European Commission has issued a damning indictment of the EU’s corporate tax rules, saying in no uncertain terms that the current system is “unfit for purpose.”Continue reading

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Wage earning growth hits six-year high

Promising new figures, released earlier this week, show that average earnings in the UK are growing at the fastest rate for six years.Continue reading

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Banks losing touch with what SMEs want

A new study has revealed that the relationship between retail banks and their small and medium sized business (SMEs) customers is weakening.Continue reading

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