Inflation takes £80 billion away from British savers
Over the past five years, £80 billion has been wiped off the value of the average saver’s funds, according to a new report.Continue reading
Fall in new car sales indicates a slowdown in UK economic recovery
According to the latest industry figures, while an increase in new car sales was still evident in May, the growth rate slowed to 2.4 per cent.Continue reading
BCC’s growth forecast for UK economy reduced as it warns of rising trade deficit
The British Chambers of Commerce has cut its forecast for the UK’s economic growth in 2015 after citing a weak start to the year.Continue reading
Services sector slowdown sees the pound fall against the dollar and euro
According to the latest statistics, growth in the UK’s services sector slowed during May to 56.5 on the Purchasing Managers Index (PMI), falling three points from April’s figure of 59.5.Continue reading
Britain to exceed targets for 15 new banks in the next five years
The UK will exceed a government target of getting 15 new banks into the market over the next five years to help to boost competition, the country’s top financial markets regulator has said.Continue reading
UK manufacturing growth increases in May
A recent Markit survey, which is based on its monthly UK Purchasing Managers’ Index (PMI) reports, has shown that UK-wide manufacturing growth increased in May.Continue reading
HMRC targets Etsy, eBay and Gumtree sellers
The taxman has recently begun to obtain data from popular trading websites, including the internet auction site eBay, in a bid to eliminate tax evasion.Continue reading
EU-Swiss accord to end banking secrecy
The European Union and Switzerland have signed a major accord to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.Continue reading
Government states that personal tax allowance will track the minimum wage
New legislation, which was announced as part of the Queen’s Speech, means that any future rise in the personal income tax allowance will be linked to rises in the national minimum wage.Continue reading
Smaller businesses now affected by auto-enrolment
A new tranche of businesses have been fined for failing to meet their auto-enrolment pension obligationsContinue reading
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