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Chancellor of the Exchequer George Osborne delivered his eighth Budget speech on Wednesday 16 March, his third in 12 months. In our summary of the key announcements, we consider how they could impact on your finances today and in future years to come. Read all about it in our latest budget newsletter.
Is Britain walking tall again? The chancellor claims it is. This was one of many announcements made as he embarked upon his sixth budget speech. Growth is now forecast to rise to 2.5 per cent this year and 2.3 per cent in 2016, he said. As such, borrowing estimates were lowered. Here at WPS Financial [...]
From BBC News As the business and political elite met at the World Economic Forum in Davos this week, there was much talk of rising inequality, and many references to the "wealthiest 1%". The phrase conjures up images of billionaires living on private islands - but is that who the 1% really are? A report [...]
From Money Marketing The Pensions Regulator issued 166 penalty notices to firms breaking auto-enrolment regulations in the final quarter of 2014, an increase from just three fines in the previous quarter. TPR’s latest quarterly update on its investigations into auto-enrolment reveals it served 166 firms with £400 fixed penalties for failing to comply with an [...]
When the UK government relaxed the rules around withdrawing funds from pensions, opponents of the changes claimed pensioners would blow their retirement pots on luxury goods. One politician coined the ‘right to buy a Lamborghini’ phrase in relation to this concern. The concern relates to the introduction of flexible drawdown or uncapped drawdown – the [...]