News

Lower inflation, driven by a fall in oil prices, has helped the Office for Budget Responsibility (OBR) upgrade UK growth forecasts for 2015 and 2016 and given the government room to move on near-term borrowing.

The lifetime pension saving allowance has been cut from £1.25m to £1m in the Budget today.

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The Chancellor George Osborne will announce in today's Budget he plans to scrap the annual tax return, replacing it with a single ‘digital' tax account.

A Bank of England official has said asset managers, insurers and clearing houses in UK should be subject to the same stress tests faced by banks.

Chancellor George Osborne will cut the lifetime allowance of tax free pension savings from £1.25m to £1m in tomorrow's Budget, according to reports.

Consumers are at risk of buying retirement products they later regret because of confusing regulatory rules around commission, pensions expert Ros Altmann has said.

Former Odey chief executive David Stewart has joined the board of Hargreave Hale as a non-executive director.

Parents would be able to pass a main property worth up to £1m to their children without paying any inheritance tax (IHT), under plans in Treasury papers leaked ahead of Wednesday's budget.