Best Buys: Three-Year and over Fixed Rate Cash ISAs
If you’re thinking about investing your money in cash, but want a tax-efficient way to do that, check out this week’s best buy three-year and over fixed rate cash ISAs.
If you’re thinking about investing your money in cash, but want a tax-efficient way to do that, check out this week’s best buy three-year and over fixed rate cash ISAs.
One of the UK’s biggest energy suppliers is under fire this morning for hiking the price of gas and electricity by an overall 9.8 per cent. Npower has announced one of the largest single price rises implemented by a ‘Big Six’ supplier, according to the BBC. The company will raise standard tariff electricity prices by 15 per
After Tesco surprised the City by announcing a £3.9 billion merger with Booker comes the news that the supermarket giant could be forced to dispose of more than 600 stores. Analysis by the data team at The Times has found ‘there are 635 Tesco stores situated less than 500 metres from a shop in Booker’s
Rail passengers could find it easier to buy cheaper tickets following a trial involving the overhaul of Britain’s rail fares system. The Rail Delivery Group, which represents train operators, says the 16 million fares currently on offer are ‘baffling’ for passengers. It is commencing trials in May on a number of routes, including CrossCountry, Virgin Trains’ east
It’s the self assessment tax deadline today and, as with previous years, one in ten taxpayers are expected to file late and incur a penalty of £100. Now The Times reports that middle-class taxpayers have been issued with a record number of fines for errors on their returns. According to the newspaper, last year HM
There’s some good news for savers this morning following the news that the amount of money protected in the event of a bank or building society collapse has risen. The protection level has been increased by £10,000 to £85,000 in the wake of the weakening of the pound against the euro since the vote to
The taxman’s failure to properly pursue the UK’s richest people risks undermining confidence in the entire system, according to parliament’s spending watchdog. The Guardian reports that the Public Accounts Committee has concluded that Britain’s super-rich appear to receive preferential treatment from HM Revenue & Customs. The MPs’ report, released this morning, scrutinised HMRC’s specialist unit,
Royal Bank of Scotland has set aside £3.1 billion ($3.8 billion) to deal with US claims that it mis-sold risky mortgage-backed securities ahead of the financial crisis. The Telegraph reports that the lender, which is still 72 per cent owned by the taxpayer, now faces a loss for 2016, the ninth year in a row that
Some gloomy news this morning as toy manufacturers and brewers announce price hikes to their products. The Guardian reports that the price of some toys, including Lego and Peppa Pig merchandise, could increase by up to 15 per cent as a result of the plunging pound. Natasha Crookes, spokeswoman for the British Toy and Hobby Association, said most
There’s just one story in the UK this morning: the Supreme Court has ruled that the Government cannot trigger article 50 without an act of parliament. News that parliament must vote on starting the Brexit process led to a slight drop in the pound. At the time of writing, the pound is 0.6 per cent lower
Some worrying news from consumer group Which? this morning regarding trading of personal and financial data on a ‘huge scale’, sometimes illegally and in breach of guidelines from the Information Commissioner’s Office. The BBC reports that after contacting 14 companies that sell data, undercover Which? researchers were able to access personal information on approximately half a million
Hardly a day goes by without commentary and new research on Britain’s housing market. Now the Royal Institution of Chartered Surveyors has said that the market ‘stuttered’ at the end of last year and has started slowly in 2017. The Guardian reports that sales activity fell in December and estate agents are less optimistic about prospects over
Britain’s biggest mobile network has been fined £2.7 million for overcharging tens of thousands of customers. The telecoms regulator Ofcom found that EE, which is owned by telecoms giant BT, broke a billing rule on two occasions. According to the BBC, ‘users who called its 150 customer services number while roaming within the EU were
Inflation has risen more than expected and the headline rate is now at its highest level since July 2014. Figures from the Office for National Statistics (ONS) showed the Consumer Price Index (CPI) hit an annual rate of 1.6 per cent in December – up from 1.2 per cent the previous month. Economists had predicted
As fears over the state of the NHS continue to hit the headlines, new data shows that the number of people buying private medical insurance has increased significantly for the first time since the financial crisis. Figures compiled by LaingBuisson, a healthcare consultancy, and reported in The Guardian, reveal that ‘after falling steeply between 2008
I’m drowning in a sea of Post-it notes. They are everywhere. Yellow, blue, orange, pink. They dominate my life to the point where, every now and then, I consolidate the lot into one big pile in the hope that will force me to deal with them. Life admin is exhausting. From the endless list of
There’s a glut of data about first-time buyers from the Halifax this morning, including the news that the number of this type of home-buyer has hit a ten-year high. The Halifax First-Time Buyer Review said the number of buyers entering the market hit 335,750 last year, up 7.3 per cent on 2015. But the bank also
More bumper retail results today with M&S reporting an increase in clothing and homeware sales over Christmas for the first time in two years. Surpassing expectations, sales in the division rose by 2.3 per cent. John Lewis also reported results this morning, revealing that Christmas sales increased by 2.7 per cent. Meanwhile, a demand for
Supermarkets continue to reap the benefits from our Christmas spending with two major retailers reporting record sales today. Sainsbury’s said it witnessed Christmas sales of more than £1 billion across the group, adding that like-for-like sales increased 0.1 per cent in the 15 weeks to January 7. According to the BBC, this surpassed analyst expectations. It
In a move that is guaranteed to stir up opinion, Jeremy Corbyn said this morning that he would like to see a cap on the amount that people earn. Speaking on BBC Radio 4‘s Today programme, the Labour leader said he thought introducing the limit would be ‘the fairer thing to do’. He added that he