Victims of scams to be refunded by banks

Thousands of people who fall victim to scams are to receive new protection, after a number of the UK’s biggest banks agreed to introduce a new code.

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More millennials saving towards financial future

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.

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HMRC takes new measures to toughen stance on debt recovery

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.

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Wages showing fastest increase in almost a decade

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.

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Only 8 per cent of Britons aware that ISA savings form part of their ‘taxable estate’

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.

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RBS cuts face-to-face service and brings in ‘robo-advisers’

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’.

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Britain’s ex-regulation chief warns of indefinite low rates

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.

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Britain now a ‘cash-second’ economy as contactless payments rise 250% in one year

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.

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November sees UK inflation rate rise

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.

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Bank of England deputy governor enters interest rate debate

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.

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