finances

Boris Johnson refuses to rule out foreign aid cut to help ease ‘huge strain’ on public finances

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Boris Johnson today signalled his intention to slash Britain’s foreign aid budget to help the nation’s domestic finances – as he agreed to pump billions more into the Armed Forces. The Prime Minister declined to reject reports  of plans to slash the UK’s commitment to spend 0.7 per cent of national income on overseas aid … Read more

OTS urges Rishi Sunak to raise Capital Gains Tax to repair finances

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Rishi Sunak was warned against inflicting ‘economic self-harm’ today after the tax watchdog suggested middle-class savers and entrepreneurs should face a multi-billion-pound tax raid. The Treasury’s independent tax watchdog has recommended a major overhaul of the capital gains tax (CGT) regime on the sale of assets, which could triple the number of people hit by … Read more

10 ways to transform your finances during coronavirus lockdown

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10 ways to transform your finances during the latest coronavirus lockdown By Laura Shannon, Financial Mail on Sunday Published: 21:52 GMT, 7 November 2020 | Updated: 22:03 GMT, 7 November 2020 We’re back in lockdown and it’s the perfect opportunity to tackle some financial priorities. Here are ten to get you started…  1. Create a … Read more

Mortgage holidays end: How to get your finances back on track

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Mortgage holidays end next week: How to get your home finances back on track, even if money is still tight The government’s mortgage holiday scheme ends officially on 31 October Banks say they will continue offering support to hard-up borrowers Delaying mortgage payments further will damage your credit score By Will Kirkman For Thisismoney.co.uk Published: … Read more

Green money guide: How to make your finances greener

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Caring about climate change and using your money to help rather than harm the planet is increasingly important to many of us.  Financial services companies have cottoned on to this and many more have begun to offer mortgages, loans and savings accounts and other products branded as ‘green’.  For example, a spattering of green mortgages … Read more

Britain borrows more in August amid worries over worsening household finances

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Britons borrowed more on credit cards, loans and overdrafts last month compared to July and saved less, official figures revealed today, amid concerns household finances are increasingly under strain. Some £21.3billion more was borrowed by consumers in August, up from £20.9billion the month before, although repayments increased slightly, as borrowing and spending continued to return … Read more

Britain’s personal finances aren’t prepared for the unexpected

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Many of us will be poorly prepared financially when things go unexpectedly wrong and we won’t be able to cope with future money shocks, a new study has shown. The majority of Britons are on top of the financial basics, but score poorly when it comes to future financial planning, a report compiled by Schroders … Read more

Britney Spears nominates trust company to manage finances in bid to remove dad as sole conservator

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In a legal filing last month, Britney Spears stated she wants ‘a qualified corporate fiduciary’ to serve as executor of her estate in place of her father Jamie. And this week, the pop star submitted fresh court documents via her attorney requesting that Bessemer Trust Company, N.A. be appointed to the role, ET reported Wednesday. It’s … Read more

Saga is saved as former owner invests £100m to shore up finances and returns to board

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Saga shares rocket as former owner Sir Roger De Haan stumps up £100m to boost its finances as he returns to the board About £60m of Sir De Haan’s investment will be used to buy Saga shares at 27p  Saga claims to continue to make ‘good progress’ on last year’s plans Saga has taken a … Read more