Santander makes more profit in the UK than any other market

Over a fifth of Santander’s profits for the first half of 2015 were generated through its UK operations.

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Non-profit organisations urging for bigger tax breaks

An award winning social entrepreneur has pressed the importance of giving non-profit organisations wider tax exemptions to help their finances.

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UK economic growth rises to 0.7% in second quarter

The Office for National Statistics (ONS) has reported that the UK’s economy has risen to 0.7% growth, bringing the country back to its pre-recession peak.

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Consumer confidence grows across the UK but younger generation remain more pessimistic

According to the latest Lloyds Bank Spending Power report, consumer confidence is at the highest level recorded for almost five years, even though those aged between 18 and 24 are less optimistic about their financial situation.

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HMRC targets online activity as part of latest tax crackdown

In its latest move to crackdown on tax evaders, HM Revenue and Customs (HMRC) wants to collect information from internet companies like Ebay and Paypal, to create a database of British users that have generated income from selling online.

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Banks must offer clearer savings deals under new rules

Banks and building societies will be named and shamed if they pay the lowest savings rates as the City watchdog looks to highlight firms that pay poor interest to longstanding customers.

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HMRC considers the removal of fixed protection barriers for pensions

HM Revenue & Customs (HMRC) is consulting on the possibility of changing the way that savers with pension pots worth more than £1m can protect their money.

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George Osborne wants £20bn new savings from government departments

George Osborne has launched his spending review with a call for £20bn cuts to Whitehall budgets.

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HMRC issues 10,000 accelerated payment notices

Approximately 10,000 accelerated payment notices (APNs) were served by HMRC to people using tax avoidance schemes, according to an annual report from the tax authority for the 2014/15 financial year.

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Savers warned that they shouldn’t expect rates to rise

The Bank of England’s governor, Mark Carney, has indicated that a base rate rise is looking increasingly likely to happen, and potentially as early as December.

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