Latest News

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Supply of housing is starting to outstrip the demand, according to one body. The Royal Institute of Chartered Surveyors (RICS) has released its latest UK Housing Market survey, which shows that the sector has recovered from the dip in January. Jeremy Leaf,...
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A recent move by equity release into mainstream retirement funds is "gratifying", according to one expert. Andrea Rozario, director general of Safe Home Income Plans (Ship), noted that a debate by the All Party Parliamentary Group had hopefully...
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Individuals believe that pensions remain the best way to save money, a body has claimed. The National Association of Pension Funds (NAPF) has released research that found 77 per cent of employees would look more favourably on a company that offered a...
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There is just one week left for people looking to use the New Disclosure Opportunity (NDO) on offshore accounts. It means that in order to put their affairs in order at a 10% penalty rate, individuals need to settle any outstanding tax, duty and interest...
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Small businesses are paying a higher flat rate than they should have to, it has been claimed. The Federation of Small Businesses (FSB) noted that the agricultural services sector is paying 2.5 per cent extra, while newsagents, grocers and tobacconists are...
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Pension schemes are coming under increasing pressure and immediate action needs to be taken, it has been claimed Mark Brooks, spokesperson for the National Association of Pension Funds (NAPF), noted that his organisation wants to see a Budget that will...
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The decision of the Monetary Policy Committee (MPC) to retain the 0.5% base rate is unsurprising considering that a general election is only around the corner, according to one expert. Robert Sinclair, director of Association of the Mortgage Intermediaries,...
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The more complicated a tax system is, the harder it becomes for small businesses to follow it, an expert has stated. Steve Hughes, economic adviser at the British Chambers of Commerce, noted that the cost of compliance can sometimes hinder companies from...
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Over £5 billion worth of tax has been rescheduled by HM Revenue & Customs' (HMRC) Business Payment Support Service (BPSS) in its first 15 months, newly released figures have suggested. The BPSS allows companies to make...
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Low interest rates and reviving economies helped to avoid a housing market meltdown across Europe, a new study has suggested. The latest Royal Institute of Chartered Surveyors (RICS) European Housing Review found that, in the UK, prices...
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Moving incapacity benefit (IB) claimants on to employment and support allowance (ESA) may result in a loss of income for a number of people, it has been claimed. The impact of these changes has not been fully assessed, according to the...
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Less-sizeable firms are failing to expand as fast as they could because of complex tax rules hindering their growth, one organisation has suggested. The Federation of Small Businesses (FSB), in conjunction with ICM, revealed in a survey...
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Individuals hoping to gain more information on ways in which to file and pay their VAT, PAYE and corporation taxes could be helped by a new Super Podcast being launched by HM Revenue & Customs (HMRC). The organisation, which was...
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The new figures on business investment are worse than expected, according to one expert. David Kern, chief economist at the British Chambers of Commerce, stated that annual falls in business amounted to 24%, and 35% in manufacturing....
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The time left to claim any outstanding taxes from the 2004/05 year is approaching. The 31 March deadline is only one month away, HM Revenue & Customs (HMRC) noted, so anyone who does not want to lose out on money that they could be...
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Statistics from the Land Registry have shown that house prices rose in January, it has been revealed. Royal Institute of Chartered Surveyors (RICS) chief economist Simon Rubinsohn noted that there are doubts about whether or not this...
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Pensioners are being poorly served by HM Revenue & Customs (HMRC), it has been suggested. A report issued by the House of Commons Committee of Public Accounts found that many elderly people pay tax that they do not have to. ...
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The housing market remains in a period of uncertainty, it has been suggested by one expert. Paul Samter, the Council of Mortgage Lenders' (CML's) chief economist, noted that although the sector finished 2009 well, he expects to see a...
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The next 12 months will be critical for UK pensions, according to one expert. Joanne Segars, from the National Association of Pension Funds (NAPF), has called on the government to make sure that the last budget of the parliament is one...
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People have been lulled into a false sense of security over the state of their pensions, an expert has claimed. Ros Altman, pensions expert, noted that confidence had been lost in the sector and she believes there is not a high enough...
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The traded life policy investments (TLPI) market is suffering from a number of problems and there is no way that it can provide a viable option for mainstream investors, the Financial Services Authority's head of investments has said. ...
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Over £1.5 billion worth of loans for home purchases were made in the final quarter of 2009 in Scotland, it has been revealed. The data was released by the Council of Mortgage Lenders (CML) and also found that the improvement in the...
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The proportion of households choosing to be owner-occupied is continuing to decrease, an expert has claimed. Simon Rubinsohn, Royal Institute of Chartered Surveyors (RICS) chief economist, noted that the peak year for it was in 2003,...
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The draft tax framework for business is welcome, but what the government does in practice will be more important, an expert has claimed. Andrew Hubbard, president of the Chartered Institute of Taxation (CIOT), noted his support for the...
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A quarter of companies questioned (25%) expect output to rise in the next three months, with the resulting balance of +7% the strongest figure since March 2008. The Confederation of British Industry's (CBI) monthly Industrial Trends...