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Cash ISA rates begin to rise

Cash ISA rates begin to rise

Interest rates on cash ISAs are finally starting to increase after years of low rates, according to a report by data provider Moneyfacts. The report showed that average rates for instant access ISAs went up from 0.68% in December 2017 to 0.78% in February 2018....

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Property proves most popular saving option

Property proves most popular saving option

Nearly half (49%) of Britons believe investing in property is the best way of saving for their retirement, according to figures released by the ONS. Research conducted from July 2016 to June 2017 revealed that 40% of respondents considered workplace pensions to be the...

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Employers face stricter rules over workers’ rights

Employers face stricter rules over workers’ rights

A series of major reforms are set to change employment laws and practices for businesses that employ flexible workers on zero-hour contracts, creating possible extra costs for employers. The government announced its Good Work Plan on 7 February 2018, in response to...

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More landlords in buy to let arrears

More landlords in buy to let arrears

The number of landlords who have fallen significantly behind on their mortgage repayments rose 20% in the last year, according to data published by UK Finance. In Q4 2017, there were 5,100 buy-to-let mortgages in arrears of 2.5% or more of the outstanding balance,...

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3 in 4 SME owners plan to work past retirement age

3 in 4 SME owners plan to work past retirement age

Most leaders of small and medium-sized businesses plan to work past the age of 65, according to research. A survey by Aldermore of 1,008 senior SME decision-makers revealed that 73% of business owners are planning to work past their state pension age. Almost...

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Startup numbers fall after IR35 clampdown

Startup numbers fall after IR35 clampdown

The formation of new companies incorporated in the UK dropped in 2017, according to data published by Companies House. Some 622,713 new companies were launched last year, down from 646,703 in 2016, representing a drop of around 4%. Commenting on the figures, the...

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Economic growth exceeds forecasts

Economic growth exceeds forecasts

The UK economy grew by 0.5% from October to December 2017, according to figures from the Office of National Statistics (ONS). This surpassed the Office for Budget Responsibility’s prediction of 0.4% growth for the quarter. Growth was particularly strong in the...

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Self-employed workers ‘failing to prepare financially’

Self-employed workers ‘failing to prepare financially’

Many self-employed workers and small businesses lack adequate savings, according to research. In a survey of 1,174 adults conducted by Aldermore, 22% of self-employed workers said they have no business savings at all, while 40% have less than £1,000 in savings. This...

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Tax-payers reclaim £493m from HMRC

Tax-payers reclaim £493m from HMRC

HMRC has had to return nearly half-a-billion pounds to taxpayers since April 2015, according to analysis of government statistics. Royal London claims the Revenue is overcharging on two areas of the tax system, and has had to refund £493 million to taxpayers as a...

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Record number of tax returns submitted on time

Record number of tax returns submitted on time

A record 10.7 million self-assessment tax returns were filed before the 31 January 2018 deadline, according to figures published by HMRC. Of around 11.4 million people who were required to submit tax returns for the year 2016/17, 93.5% successfully met the midnight...

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