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Circular economy could boost UK GDP by £29bn, research finds

The UK could boost its gross domestic product (GDP) by £2.9bn a year if it “fully embraced the circular economy”, a study has found.Continue reading

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New fixed-rate savings accounts offer market-leading 12-month deal

Two up and coming challenger banks – Charter Savings Bank and Vanquis Bank – are offering market-leading interest rates on their 12-month savings accounts.Continue reading

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New fixed-rate savings accounts offer market-leading 12-month deal

Two up and coming challenger banks – Charter Savings Bank and Vanquis Bank – are offering market-leading interest rates on their 12-month savings accounts.Continue reading

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UK borrowing hits eight-year low thanks to income tax growth

Last month, thanks to a rise in income tax boosting revenues, the UK recorded its smallest fiscal deficit for any May since 2007.Continue reading

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First new private bank for 30 years opens in the UK

A new private bank has been set up, claiming to be the first to obtain a banking licence for 30 years.Continue reading

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New traders fall foul of HMRC’s VAT rule

HMRC’s interpretation of a key VAT rule has changed, meaning that newly registered businesses are being denied refunds.Continue reading

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Account payments to some RBS customers ‘missing’

Hundreds of thousands of NatWest and RBS customers were this morning facing banking issues as the company admitted “some” payments were “missing” from accounts.Continue reading

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Music tourism provides a £3bn boost to the UK economy

According to a recent report issued by industry body UK Music, overseas visitors to British gigs and music festivals spend approximately £751 each.Continue reading

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Fines for pension auto-enrolment non-compliance are set to surge

Recent industry reports have predicted that there will be a sharp rise in the number of escalating penalty notices being served by the Pensions Regulator over the next few months.Continue reading

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RBS shares rise after British government unveils sale plan

Shares in the Royal Bank of Scotland (RBS) have started to rise after Chancellor George Osborne said the government would begin selling its £32 billion stake in the bank.Continue reading

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