Finance news

• Taxman accused of 'grave robbing' as average inheritance tax bill reaches £214,000

  26-07-2023 23:01 via express.co.uk
  
  More families are suffering from "grave robbing" inheritance tax as average bills rise to an "eye-watering" £214,000.
  
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• Kwarteng had clear warning of strain facing UK economy before mini-Budget

  26-07-2023 21:20
  OBR detailed likelihood of recession and gaping hole in public finances prior to then-chancellor launching unfunded tax cuts
  
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• UK government receives record £5.76bn in inheritance tax

  26-07-2023 20:36
  Figures released by HM Revenue & Customs show liabilities were up by £800mn in 2020-21
  
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• Britons owe record £5.76bn in inheritance tax

  26-07-2023 20:36
  Figures released by HM Revenue & Customs show liabilities were up by £800mn in 2020-21
  
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• ‘More misery’ for homeowners as Bank of England forecast to raise interest rates to 5.5%

  26-07-2023 18:55 via express.co.uk
  
  Mortgage and debt repayments have increased significantly in the past 12 months and experts believe Britons should prepare for further interest rate hikes.
  
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• Best savings accounts for June 2023 as banks raise interest rates to 6.15 percent

  26-07-2023 18:15 via express.co.uk
  
  Interest rates have skyrocketed over the last year due to action from the Bank of England which has benefited savers.
  
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• Amazon offers concessions over third-party sales to appease UK antitrust watchdog

  26-07-2023 17:29
  US tech giant addresses CMA concerns with proposed measures to help marketplace vendors
  
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• Higher mortgage costs threaten surge of UK buy-to-let property sales

  26-07-2023 17:01
  Landlords look to get rid of financial ‘headache’ by exiting rental market, further depressing the housing market
  
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• 'I thought it was a scam!' Mum's shock at offer to share £180k fortune

  26-07-2023 16:13 via express.co.uk
  
  One mum has revealed how she received a phone call which she initially thought was a scam, but ended up being an offer to share an £180,000 fortune.
  
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• Number of families paying inheritance tax rises 17% with average bill at £214,000

  26-07-2023 16:10 via express.co.uk
  
  Inheritance tax liabilities in the 2020 to 2021 tax year were at their highest level on record.
  
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• ‘I make an extra £2,000 a month from my sofa thanks to my crazy side hustles!'

  26-07-2023 16:05 via express.co.uk
  
  Side hustles are generating people thousands of dollars in extra income and many self-proclaimed side hustlers are sharing how they managed this on TikTok.
  
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• ‘I’ve made over £1,000 extra in one month thanks to the world’s easiest side hustle!’

  26-07-2023 15:50 via express.co.uk
  
  The young woman makes extra cash every month - up to £12,000 in a year - by working with other people's pets in what she calls the world's easiest side hustle.
  
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• Pension alert as new tool can help boost retirement income by £9,400

  26-07-2023 15:45 via express.co.uk
  
  The tool shows who is responsible for the person's pensions today and how much is invested.
  
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• To tackle inequality, start with cities

  26-07-2023 14:56
  Globalisation has not levelled the economic playing field — instead, wealth is more concentrated than ever
  
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• Amazon proposes changes to appease UK competition regulators

  26-07-2023 14:44
  US tech giant addresses CMA concerns with proposed measures for third-party sellers on its marketplace platform
  
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• Junior doctors in England to strike for four days in August

  26-07-2023 14:08
  BMA calls fifth stoppage since wave of walkouts began amid demands for higher pay rise
  
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• HSBC becomes first big UK lender to cut mortgage rates

  26-07-2023 13:46
  Bank to reduce the cost of residential products by up to 0.35 percentage points
  
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• What recession? What house price crash? UK is booming as confidence totally recovers

  26-07-2023 13:00 via express.co.uk
  
  The UK is beset with gloom with experts forecasting everything from a property market meltdown to a brutal recession. And they keep getting it wrong.
  
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• NHS junior doctors to strike again for four days in August

  26-07-2023 11:52
  Medics in England step up struggle over what they say has been 15 years of salary erosion
  
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• Peak annuity rates! Pensioners can still get £2,250 extra income but must act fast

  26-07-2023 09:38 via express.co.uk
  
  Pensioners are racing to buy annuities as they pay the highest income in 15 years but experts warn rates may soon peak and today's great deals may not last.
  
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• Rolls-Royce upgrades profit forecast as turnaround plan bears fruit

  26-07-2023 09:14
  Higher volumes and cost efficiencies helped improve performance at FTSE 100 engineering group
  
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• Should I pass my rental properties to my children?

  26-07-2023 06:00
  We are concerned about their level of tax exposure
  
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• Sadiq Khan calls on UK government for extra Ulez funding

  26-07-2023 05:00
  London mayor seeks funds to help pay for car scrappage scheme amid push to expand capital’s clean air zone
  
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• Scrutiny of UK tax relief system is ‘inadequate’, say MPs

  26-07-2023 01:01
  Exemptions are too complex and open to fraud, a Treasury committee finds
  
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• Failures by UK tax agency leave £1.7bn dormant in Child Trust Funds, say MPs

  26-07-2023 01:01
  Public accounts committee asks HMRC to speed up its efforts to pair account holders with savings from 2002-11 scheme
  
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