Interest rates to be held until 2013?
The latest Monetary Policy Committee (MPC) minutes and the latest labour market data supports the view that interest rates will remain on hold for at least the next couple of years, think tank Capital Economics claimed.
Why do many people fail to plan for inheritance tax?
More than 3 million people expect to exceed the inheritance tax threshold of £325,000, but 74 per cent have not set up any means of mitigating the charge, a survey by Investec Wealth & Investment has warned.
Will the new associated companies rules affect you?
The ‘associated company’ rules are changing in Finance Act 2011. The rules are essentially an anti-avoidance measure, to prevent the creation of multiple, closely controlled companies to split a wider economic whole and take advantage of the small companies’ corporation tax rate.
Plans to scrap the 50% tax rate?
Chancellor George Osborne wants to scrap the 50p income tax rate, branding it ‘uncompetitive’ and saying it does not raise enough money. Speaking to the BBC’s Today program Osborne said the tax remained under review following criticism that tax avoidance measures meant the tax was raising less income than expected.
UK Housing market update
House prices in the three months to July were 0.5 per cent higher than in the previous three months. This was the first increase in this key measure of underlying price movements for 14 months. Prices rose for the third consecutive month, increasing by 0.3 per cent in July.