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Latest financial news and articles

You don't have to be a money expert to stay in the know with what's happening in the world of finance. Our constantly updated news section provides bite-sized details of key facts, figures and changes.

Students likely to still be repaying loans in their 50’s

The majority of contemporary students will most likely be still paying back their student loan from higher education when they are in their 40’s and 50’s, a recent research study has concluded.

10 Apr 2014 Read More

Welfare reforms have been success, even for the disabled, says Duncan Smith

The government’s overhaul of the welfare system, including the reforms made to the disability benefit have been a success, the work and pensioners secretary has identified.

9 Apr 2014 Read More

ISA guide for savers in the new tax year

The new tax year has officially begun, and this means that all British people over the age of 16 are entitled to place up to £5,940 of their money into a cash ISA, where they can enjoy tax free returns on their savings.

9 Apr 2014 Read More

OFGEM proposes tougher rules for suppliers to make switching more reliable for consumers

Ofgem has today published the detailed rules which will complete the next important step of a programme to make switching energy suppliers faster and more reliable. Our State of the Market Assessment found that switching can be a hassle for some customers and can deter them from engaging in the market.

9 Apr 2014 Read More

UK car sales highest in a decade, says Society of Motor Manufacturers and Traders

The number of cars sold in Britain last month reached a 10 ten year high, as soaring levels of demand in the most rapidly growing market in Europe continues its upward trajectory, the Society of Motor Manufacturers and Traders (SMMT) has revealed.

8 Apr 2014 Read More

Exports levels at record high, says British Chambers of Commerce

The export levels achieved by Britain’s service sector in the first quarter of this year have reached a record high, according to the British Chambers of Commerce (BCC).

8 Apr 2014 Read More

ONS measuring reforms to send savings ratio and growth forecasts soaring

The Office for National Statistics are set to change the manner in which they measure and gauge economic performance so that it is in accordance with global accounting standards, in a move that will send the country’s saving ratio soaring straight away.

8 Apr 2014 Read More

Tax reforms will leave average family £974 worse off by 2015, says Institute for Fiscal Studies

Shadow Chancellor Ed Balls had cranked up the pressure on the coalition government as they prepare to officially implement their latest increase of the personal tax allowance to £10,000, by highlightinh analytical data that has indicated that the average household will actually be £974 worse off by election time next year.

7 Apr 2014 Read More

Is it financially worthwhile utilising the government’s new state pension top facility?

Last week, the government announced that they would be implementing a change to the state pension system that would enable retirees to purchase top ups on the amount they receive from their state pension each up.

7 Apr 2014 Read More

HMRC statistics indicate that top tax rate cut has sent income revenue soaring

The coalition government’s decision to lower the top rate on income tax from 50% to 45% has had a hugely beneficial effect on the level of revenue the HMRC has taken in from the country’s top earners, a senior Conservative MP has argued.

7 Apr 2014 Read More

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