UK households ‘face debt crisis’

29th March 2011 by Simret

Rising unemployment and high inflation will lead to a debt crisis for thousands of UK households over the next five years, a debt charity has warned. Continue Reading »

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Clegg: Increased mansion tax coming

28th March 2011 by Simret

Mansion tax will be increased to offset scrapping the 50p income tax rate, Deputy Prime Minister Nick Clegg has said. Continue Reading »

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Osborne looks at scrapping 50p rate in 2013

25th March 2011 by Simret

George Osborne is looking at scrapping the 50p top rate of tax in his 2013 Budget, as evidence mounts that individuals are going to great lengths to avoid the levy.  Continue Reading »

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Budget 2011: Tax avoidance clampdown on HNW property sales

25th March 2011 by Simret

The Chancellor announced a clampdown today on the tax rules associated with Stamp Duty in a bid to claw back revenue lost from high value property sales. Continue Reading »

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Budget 2011: Stamp Duty for investors to be reformed

25th March 2011 by Simret

Stamp Duty Land Tax rules for bulk buyers of residential property are to be reformed, George Osborne has revealed in the Budget 2011. Continue Reading »

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MPC still split 6-3 over rate rise

25th March 2011 by Simret

The Monetary Policy Committee (MPC) remained split 6-3 against a rate rise for the second month, with opinion divided on how to tackle soaring inflation without snuffing out growth. Continue Reading »

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Sentance worried inflation could rise above 5%

25th March 2011 by Simret

Andrew Sentance has predicted inflation could rise above 5% this year and repeated his calls for a gradual increase in interest rates and cutting off of monetary stimulus. Continue Reading »

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Inflation jumps to 4.4% in February

25th March 2011 by Simret

Inflation increased at its fastest pace in more than two years last month, mounting further pressure on the Bank of England to hike interest rates. Continue Reading »

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