According to research published by digital bank Revolut, a greater number of millennials are taking steps to prepare for their financial futures than previously thought.
HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.
According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
A recent survey has revealed that only 8 per cent of Britons are aware that ISA savings form part of a person’s ‘taxable estate’ under inheritance tax laws.
The Royal Bank of Scotland is preparing to shed 550 jobs as part of a plan to replace staff who offer investment tips with so-called ‘robo-advisers’.
Former City regulator Lord Adair Turner says the UK is “stuck in a very deep economic malaise” and “radical policies” are needed to get out of it.
Visa Europe have labelled the UK a ‘cash-second’ economy, as the number of contactless card payments rose by a staggering 250% year-on-year in 2015.
According to the Office for National Statistics (ONS), the inflation rate for the UK increased to 0.1 per cent last month for the first time in four months.
The deputy governor of the Bank of England (BoE), Sir Jon Cunliffe, has reportedly stated that the next change to interest rates will be an increase.
The Bank of England is set to examine the Chancellor’s plans to impose a new tax on banks, admit concerns that it may actually reduce competition in the sector.