The great holiday money rip-off

The great holiday money rip-off

With British holidaymakers set to spend more than £4billion on their plastic this summer, this exchange rate trick could see cash-strapped families having to pay hundreds of pounds more while they are away.

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Interest rate increase not likely in the near future

Interest rate increase not likely in the near future

Expectations of an increase in the official interest rate, or Bank Rate, from its 0.50 per cent level were pushed back last week.

The minutes from the Bank of England’s Monetary Policy Committee meeting in July, published on 20 July, showed the risks that economic activity would remain subdued through the rest of 2011 had increased.

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Changes to French property tax

Changes to French property tax

UK residents owning property in France are likely to see an increase in the French taxes they pay from 1 January 2012, according to KPMG in the UK as a result of two key changes.

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Tax avoidance campaigns continue

Tax avoidance campaigns continue

New campaigns targeting VAT defaulters, private tutors and e-marketplaces will be launched by HM Revenue & Customs (HMRC) over the next year. HMRC will use cutting-edge tools such as “web robot” software to search the Internet and find targeted information about specified people and companies. Using the software, the department can pinpoint more accurately people who have failed to pay the right tax. The “web robot”, used with the department’s Connect computer system, also helps find people who are trading without telling HMRC.

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UK inflation rate still above target

UK inflation rate still above target

The UK’s annual inflation rate has fallen slightly over the past month but remains above the government’s target measure, the latest official data reveals.

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