The cut to the rate of National Insurance is a “fake cut” and actually amounts to a reduced tax increase, an expert has claimed. Chancellor Jeremy Hunt announced his Budget in the Commons yesterday and it included a cut to the rate of National Insurance, falling from 10 to 8 percent. Mr Hunt said: “From April […]
Sir Richard Branson is in line for a £420million plus windfall thanks to Nationwide’s £2.9billion deal to buy challenger bank Virgin Money. The entrepreneur’s Virgin Group owns 14 percent of the London Stock Exchange-listed bank and the Nationwide deal is the second big windfall Branson will receive from Virgin Money, which he used to swoop […]
First time buyers are being advised that Scotland is the place to go for the most affordable homes, while many parts of London are out of reach. Seven of the cheapest options for those looking for a first home are north of the border, according to a new study. From England, only Durham, Hartlepool/Stockton and […]
Thousands of families can look forward to a financial boost under reforms to child benefit after a campaign by Money Saving Expert Martin Lewis forced a change of policy by the Government. You can now see exactly how the changes could affect your household with our interactive calculator. Chancellor Jeremy Hunt used his Budget speech […]
New savings options announced in the Spring Budget may prompt some Britons to reassess their savings and investments. Chancellor Jeremy Hunt set out plans for a British Savings Bond, a three-year fixed account through NS&I, and an extra £5,000 a year ISA allowance for a British ISA, in a bid to boost savings invested in […]
House price falls in 2024 will be significantly less than previously predicted offering some comfort to homeowners, according to the government’s official forecaster. New estimates from the Office for Budget Responsibility (OBR) have revised the predicted fall this year down from 5 percent to 2 percent. In documents published alongside the Budget, it said the […]
Nationwide has struck a deal to purchase Virgin Money in a deal worth £2.9billion, creating the UK’s second largest mortgage and savings group. The move by Nationwide will see it take-on the Halifax to win the crown as Britain’s biggest mortgage lender. Mortgage brokers are divided on whether or not the move will be good […]
Marks & Spencer is to expand the number of stores that carry its eco-conscious, affordable fashion brand Nobody’s Child from 12 to 60, following a successful trial. It said that dress sales in the M&S stores that took part in the trial last summer rose 16.5 percent. As a result, Nobody’s Child ranges will be […]
“Invest in businesses founded and led by women” is the rallying call of a new campaign led by entrepreneur Emma Sinclair whose global software company EnterpriseAlumni is building a brave new world so firms can preserve talent and create a lasting pool of value. #BeMyAngel launches on International Women’s Day (March 8) in a bid […]
ITV plans to hand over nearly £370m to shareholders, despite the fact that its annual profits have crashed due to an advertising slump. At its annual results, chief executive Dame Carolyn McCall said that ITV’s pre-tax profits for the 12 months to the end of December had tumbled, plunging 61.5 percent to £193million, due to […]
