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13 Mar 2018
Mothers “lack financial protection”
Many mothers in the UK are failing to protect themselves financially, according to research published ahead of Mother’s Day on 11 March 2018. Scottish Widows surveyed 5,077 adults, and revealed that 3 in 5 women with dependent children have no... Read more
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Mothers “lack financial protection”13 Mar 2018
Savings rates cut on growth and income bonds
National Savings & Investments (NS&I) has reduced the interest rate it pays on Guaranteed Growth and Income Bonds for new customers. Interest on the 3-year Growth Bond has been reduced from 2.2% to 1.95%, while interest was also lowered from... Read more
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Savings rates cut on growth and income bonds05 Mar 2018
Chancellor calls for IHT review
Chancellor Philip Hammond has called for a review of inheritance tax (IHT), to make it “fit for purpose”. In a letter to the Office for Tax Simplification on 19 January 2018, he asked for proposals to be put forward to... Read more
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Chancellor calls for IHT review28 Feb 2018
Buy-to-let mortgage costs starting to rise
The cost of most mainstream buy-to-let mortgages has increased following November 2017’s interest rate rise, according to figures from Mortgage Brain. A 2-year buy-to-let tracker mortgage with a 60% and 70% loan-to-value (LTV) ratio is now 3% higher in cost... Read more
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Buy-to-let mortgage costs starting to rise27 Feb 2018
Productivity growth ‘strongest since 2008’
UK productivity showed the strongest successive quarters of growth in the second half of last year, according to data from the Office for National Statistics (ONS). In the 6 months to December 2017, productivity growth saw higher levels than any... Read more
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Productivity growth ‘strongest since 2008’27 Feb 2018
Scottish income tax changes approved
The Scottish government has approved an overhaul of the Scottish income tax system, which will introduce new rates and bands from 6 April 2018. Under the new system, most taxpayers in Scotland will fall into one of 5 income tax... Read more
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Scottish income tax changes approved