Autumn Statement: Small businesses react positively as rate relief continues
The Autumn Statement contained some good news for entrepreneurs as George Osborne pledged to carry on exempting micro companies from paying business rates.
The Autumn Statement contained some good news for entrepreneurs as George Osborne pledged to carry on exempting micro companies from paying business rates.
George Osborne says household energy bills will fall by an average of £30 by 2017 as a result of reducing green levies, as outlined in his Autumn Statement this afternoon.
Chancellor George Osborne landed buy-to-let and second homes a huge shock by announcing a stamp duty surcharge on property purchases from April.
Strong gains from house builders drove the London market higher amid a boost to affordable housing in today's Autumn Statement.
Buyers will still need a 5 per cent deposit, but will only need to apply for a mortgage covering the remaining 55 per cent.
The average cost of renting a home in the capital rose to £1,467 a month in October, up from £1,402 a month in June. It is the equivalent of a £21,000 annual salary after tax.
Motorists could see their car insurance premiums drop by as much as £50 a year after George Osborne announced the end of the road for minor whiplash claims in the Autumn Statement on Wednesday.
Anyone with a household income of less than £80,000 in England will soon be able to buy a home through shared ownership, which has long been restricted to key workers.
This is Money has put together this jargon buster of 10 common but useful terms so you can master the lingo and fly through your purchase.
Chancellor George Osborne has confirmed the basic state pension will rise by £3.35 to £119.30 a week from April, while the starting rate for the new single-tier version will be £155.65.
Changes sparked a backlash as they were forecast by the Insitute of Fiscal Studies to take £1,000 a year off 3 million families. They have now been halted altogether.
Chancellor announced the UK would narrowly beat its borrowing goal this year and move 'out of the red and into the black' in 2019/20 with a better-than-expected £10.1billion surplus.
There was no real rabbit pulled from the hat, although a new 3 per cent surcharge on stamp duty for buy-to-let properties and second homes from April 2016 was a nasty surprise.
Betfair's first half revenues rose to £274.4million, up from £237.6million at the same stage last year, while pretax profit was £66.3million, down marginally from £67.3million a year earlier.
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The venture will launch a range of athletic-streetware, and comes as Arcadia reported a 5 per cent increase in annual profits to £251.6m.
The leading one-year bond comes from Shawbrook Bank at 1.72 per cent after tax (2.15 per cent before), available online or by post.
Today George Osborne will reveal details of his Autumn Statement. We round-up what to expect, including his tax credit headache and the predicted pension changes.
Governor Mark Carney said that household debt remained at ‘very elevated levels’ – leaving many families ‘vulnerable’ – and that regulators were keeping a close eye on the property market.
As deputy governor for monetary policy, former Goldman Sachs man Ben Broadbent is largely responsible for the Inflation Report, which each quarter sets the direction of interest rates.
By mid morning, the FTSE 100 index was 50.0 points, or 0.8 per cent higher at 6,327.3, just below the early session peak of 6,336.95, and recovering all of yesterday’s 28.86 point fall.
Under new rules, small employers must set up and pay into a pension for their workers, as part of a Government plan to get millions of people saving for retirement for the first time.
Savers with valuable income guarantees built into pension contracts must take financial advice before being allowed to take their nest egg in cash if it is worth more than £30,000.
In Britain, almost half of all homes in towns and cities have paving in their front or back garden, and a staggering 4,100 more patios are being added every day.
The travel group reported a £19million profit for the year to September 30, despite taking a £130million sales hit from the Tunisian beach terrorist attack in June which killed 38 people.
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