Revenue from capital gains tax reached a new high in the 2019-2020 tax year, bringing in £9.5billion for the Government, according to new HMRC data. These figures came despite the fact that the number of people paying the levy has continued to decline. Last year 265,000 taxpayers paid capital gains tax, down from 276,000 in […]
The State Pension age currently stands at 66 for most people, after changes recently. Historically, the state pension age stood at 60 for women and 65 for men, but changed by late 2018 in a process of equalisation. It is set to rise to 67 between 2026 and 2028, and once again to 68 from 2037 onwards.
After the pandemic led to a catastrophic plunge in GDP in 2020, the UK is set to be one of the fastest economies in the West to once again be firing o all cylinders. In 2020 Britain saw its economic output drop by 9.8 percent.
LONDON (Reuters) – Sterling fell on Friday despite better-than-expected retail sales data as investors weighed up the risk of a further rise in COVID-19 cases and the impact of self-isolation on Britain’s food and travel industries.
Private equity firm Apollo Global Management, which confirmed it was considering a bid for Morrisons earlier this month, said it will no longer be making an offer for the supermarket.
Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove.
Earlier this week, Chancellor Rishi Sunak was urged to lower the pension age in order to boost the UK’s economic recovery. State pension age is currently set at 66, however, a new petition on the official Parliament website has called for a reconsideration of this matter. The petition is entitled: “Move the state pension age […]
Savings could well be impacted by an inflation rise, with interest rates likely to be affected. This will create concern for Britons who are determined to grow their money while keeping it safe. Yesterday, it was announced inflation rose to 2.5 percent in the 12 months to June, however, this may not be the end […]
The Bank of England may need to step in with early action to deal with rising inflation if price pressures persist, one of Threadneedle Street’s policymakers have said.
The UK’s rate of inflation soared to its highest for almost three years in June on the back of increases in the prices of food and motor fuel.
