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60 second news round-up: the top money stories of the week

Paloma Kubiak
Written By:
Paloma Kubiak
Posted:
Updated:
29/07/2016

Missed this week’s big money stories? Here’s our one minute summary of the key facts and figures from the last seven days.

Summer holiday

If you’re yet to jet off on your summer holiday, we reveal the simple way to bag an extra €40 to spend abroad and why it really pays to choose foreign currency over pounds when handing over your credit or debit card for transactions. With the recent news of Lowcostholidays filing for administration, we explain everything you need to know about what your travel and refund rights are should there be an issue with your airline or booking.

The market

The UK economy is estimated to have grown 0.6% in Q2 2016, beating market expectations as the data included a small post-Brexit period. While the prospects for the UK seem positive for now, Ashmore’s Jan Dehn gave 12 reasons as to why now’s a particular good time for investors to allocate funds to emerging markets, rather than developed markets. We also go back to basics on passive investing, listing the pros and cons of investing using this method.

Savings and household bills

New research reveals many Brits are unaware of the September TV licence change so if you do need to buy one, there are ways to cover the cost. We explain how you can get back the income tax you paid last year, plus how to cut your July tax bill. In other news, exclusive research by Savings Champion for YourMoney.com revealed the top savings accounts that come with big restrictions.


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