High banking charges are a bigger blocker to international expansion than Brexit red tape, according to small business owners. A study, of 3,000 SMB leaders, found they struggle more with banking fees (26 percent), than supply chain issues (22 percent) or tariffs (19 percent). Last year, UK SMBs lost £2.8bn to these hidden fees – […]
Investec has launched a new fixed-rate savings account paying a market-leading 4.62 percent AER. Savers can invest between £5,000 and £250,000 in the account, which has been designed to offer more long-term saving options as consumers increasingly look for fixed rate deals. Research from Investec Bank shows nearly two out of five (38 percent) savers […]
Savers could have become “ISA millionaires” if they had invested in one of 32 investment trusts each year since 1999, data shows. Although it is usually encouraged for one to diversify their portfolio, if a saver put their entire annual allowance into each of these trusts over 25 years, they would have been able to […]
“Whether the recession will persist into the next quarter and beyond is contingent on both global economic trends and domestic policy effectiveness. With ongoing geopolitical tensions and supply chain challenges, external pressures remain high. “However, strategic economic interventions can mitigate these effects, potentially steering the UK towards recovery sooner than anticipated.” Mr Keyes also called […]
The announcement last week that the UK has entered a mild recession prompted fresh speculation that the Bank’s monetary policy committee (MPC) could cut rates in the spring in order to boost economic growth. But Andrew Bailey, Governor of the Bank of England has reassured Britons that this was a “weak recession,” and the economy […]
Nearly all councils are planning to raise council tax by the maximum amount permitted without holding a referendum, new analysis shows, amid a crisis in local authority funding. New figures show 129 out of 136 county and unitary local authorities in England who have made announcements are increasing levies by 4.99 percent in April. In […]
Reports suggesting that Labour has committed to retaining the triple lock if it takes power are a much bigger deal than they would have been just a year or two back. Its poll lead may have narrowed but a Starmer victory still seems likely so this appears to secure the state pension uplift mechanism through […]
One pensioner was conned out of £20,000 in the space of 18 months (Image: Getty) Britons have been issued an urgent scam warning after one pensioner was conned out of £20,000 in the space of 18 months. David (name has been changed for anonymity) from Oldham shared his sister’s experience of falling victim to romance […]
HMRC is urging Britons to check if they may be able to save on tax through the Government’s Marriage Allowance. Using the allowance, married couples or those who are in a civil partnership can reduce their tax bill by up to £252 a year. In a post on X, formerly known as Twitter, HMRC wrote: […]
Yorkshire Building Society has today announced that its Christmas regular savings account is to be withdrawn from sale in a matter of days. The Christmas Regular Saver account was launched in January to help people build financial resilience, save for their Christmas spending, and earn a competitive return on their short-term savings. The account has […]
