Showing posts with category "finance"

July tax bill creates £51 billion in consumer debt

A whopping £51 billion in credit card, overdraft and personal loan debts will be accrued by consumers who are struggling to meet the upcoming tax deadline.

August 7, 2022
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news

Overhaul of financial services regulation to end ‘rip-off’ fees

The UK’s Financial Conduct Authority (FCA) has today announced a major change in how it regulates financial service firms, outlining measures to end “rip-off” fees

August 8, 2022
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news

Northern Rock customers sue TSB for £800m after being trapped in high-interest mortgages

It is understood that TSB Bank is facing a legal action worth up to £800m, brought by customers who claim they were locked into mortgages with ‘excessively high’ interest rates.

August 12, 2022
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news

Defaults set to soar as borrowing costs bite

Higher central bank interest rates will trigger a wave of corporate defaults as companies struggle with higher borrowing costs

August 6, 2022
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news

New UK chancellor Nadhim Zahawi to review corporation tax rises

Nadhim Zahawi has called for a review of the UK’s corporate tax policy in a clear hint a rise from 19p to 25p due next year could be reduced or scrapped

August 14, 2022
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news

Sky Sports presenter Alan Parry hit with £356,420 IR35 tax bill

Sky Sports presenter, Alan Parry, has had his appeal against a £356,420.37 IR35 tax bill dismissed at a First-Tier Tax Tribunal hearing.

August 8, 2022
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news

Making money vs. raising money: Funding your business without venture capital

There seems to be a prevalent belief in the business community that to advance and expand your business, it is essential to have external investment.

August 7, 2022
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opinion

Challenge to retail prices index rejig ‘could trigger £40bn compensation payout

The Government could be forced to pay a compensation bill as big as the entire defence budget if a legal challenge launched today over the rejigging of the retail prices index succeeds.

August 12, 2022
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news

Banking battle for customers heats up as Nationwide introduces 5 per cent interest rate

The battle for customers is increasingly heating up in the UK banking scene with one major current account provider now offering 5 per cent interest on balances up to £1,500 for the first 12 months .

August 7, 2022
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in business

Monzo poised to press on with crypto plans

Monzo is likely to press ahead with its crypto investment plans despite the current crash in the market, its co-founder said today.

August 12, 2022
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news

Chanel handbags lead the way in alternative investments

Jettison the Jackson Pollocks, chuck out the Château Latour and find more space in your collection of high-value, high-status items for Chanel handbags and Rolex watches.

August 7, 2022
tags
in business

How will you finance your business start up?

At some point, many of us will have had what we think is a brilliant idea for a business. Often they do not get off the ground because of a lack of funds or serious planning

August 8, 2022
tags
finance