Archive for October 2018

More people working past 65

Do you want to work into your old age? Do you fancy working past 65? The trend of rising employment levels is not limited to working-age people, according to the latest employment statistics from the Office for National Statistics. The data reveals a growing number of people have working beyond what is still often thought of…

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Tax reform – taking a different view

Proposed tax reform would target FAANS companies

Tax reform has raised its head as a leading think tank has proposed a radical shake up of the UK tax system. The Institute for Public Policy Research (IPPR) is a centre-left think tank that has a long history of influencing Labour Party policy. So, its ideas on tax reform published in the final report…

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Losing interest in cash ISAs

The appeal of the cash ISA is waning

The popularity of cash ISAs is continuing to wane, according to new statistics from HMRC. With inflation persistently above interest rates, it’s not hard to imagine why. The bank of England recently increased the interest rate to 0.75%,but inflation was 2.7% in August 2018. This means, if you are holding cash in an ISA or…

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2018 Budget – trick or treat? Chancellor calls budget for late October

Chancellor Philip Hammond sets a late October date for the 2018 Budget

The 2018 Budget has been set for Monday 29 October, setting a deadline for speculation and proposals. Mr Hammond, however, has indicated that he won’t end the long spell of austerity measures, despite improving public finances. Proposals raised by think tanks and professional bodies include overhauls of income and inheritance tax, ‘pension tax relief simplification’,…

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