One third of UK earnings are now invested in cash individual savings accounts, with an average balance of £7,782.
The bank levy promised by George Osborne was today unveiled as draft legislation likely to mean £2.5 billion in extra tax for the coffers.
Public sector jobs will reduce by almost half a million over the next four years, according to figures released by Chancellor George Osborne in today’s spending review.
The state pension age for men and women will rise to 66 in 2020 saving more than £5 billion a year, Chancellor George Osborne announced today.
Rewarding workers and stressing fairness were two key themes of Chancellor George Osborne’s spending review earlier today.
The chancellor has pledged to spend £1.5 billion on compensating Equitable Life policyholders, four times the amount that was previously recommended to the government by Sir John Chadwick.
Fraudsters gain £1.9 billion from UK consumers each year through stealing identities and using them to obtain goods, services and benefits according to the National Fraud Authority.
Tesco customers need to spend their clubcard points this weekend or risk seeing their value fall by 25% as the supermarket reduces the exchange rate for its rewards.
The Treasury announced today that the annual allowance for tax-free pension saving will be reduced from £255,000 to £50,000 next April.
Investing in stocks and shares individual savings accounts has rocketed since the allowance for the over-50s was increased a year ago.
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