Lifetime Isa deposits hit £1bn for the first time in 2020

The amount of money saved into Lifetime Isas more than doubled last year as deposits into tax-free accounts aimed at first-time buyers topped £1billion for the first time. In a sign the Lifetime Isa is becoming increasingly popular, the number of accounts which received deposits in 2019-20 also more than doubled to 545,000, according to … Read more

Lifetime Isa deposits hit £1bn for the first time in 2020

The amount of money saved into Lifetime Isas more than doubled last year as deposits into tax-free accounts aimed at first-time buyers topped £1billion for the first time. In a sign the Lifetime Isa is becoming increasingly popular, the number of accounts which received deposits in 2019-20 also more than doubled to 545,000, according to … Read more

Lifetime Isa deposits hit £1bn for the first time in 2020

The amount of money saved into Lifetime Isas more than doubled last year as deposits into tax-free accounts aimed at first-time buyers topped £1billion for the first time. In a sign the Lifetime Isa is becoming increasingly popular, the number of accounts which received deposits in 2019-20 also more than doubled to 545,000, according to … Read more

Savers missing out on £1bn a year by leaving cash in current accounts

Savers missing out on a £1bn interest a year by leaving cash languishing in current accounts The amount in bank accounts soared by nearly 30% over the past year ‘Accidental savers’ have benefited from spending far less during the pandemic   Rates have plummeted in the past year since the base rate was set at 0.1% … Read more

Premier Inn owner sinks to £1bn loss in year of Covid restrictions

2020 Bonmarché, the value-oriented clothing retailer, went into administration for the second time in a year on December 2, 2020. There are 226 stores and more than 1200 employees. It is owned as a separate business by Philip Day, whose EWM is also in crisis (see below). Philip Day put this company into administration a … Read more

Darktrace to cut valuation by up to £1bn for London float

Darktrace set to be worth £1bn less than predicted at London float after Deliveroo flop rattles UK tech sector By Daily Mail City & Finance Reporter Published: 22:08 BST, 26 April 2021 | Updated: 22:08 BST, 26 April 2021 Darktrace looks set to be worth around £1billion less than predicted when it floats on the … Read more