Hit by the savings tax trap: Double whammy of low rates and HMRC delay

More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs.  And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more

Spark of hope at last for savers as rates rise from rock-bottom levels

Spark of hope at last for savers as rates have risen from the rock-bottom levels of earlier this year By Sylvia Morris For The Daily Mail Published: 22:00 BST, 18 May 2021 | Updated: 22:09 BST, 18 May 2021 Atom Bank now pays 0.85 per cent on its one-year fixed-rate bond Savings rates have risen … Read more

Homeworking rates rocketed by 60% during 2020 with affluent London and South East leading the way

Homeworking rates soared during 2020 thanks to the pandemic lockdowns and Government efforts to keep offices and factories closed, new figures revealed today. The proportion of the working population that stayed at home rose by 60 per cent last year, with around one in 12 people regularly swapping the office for the spare bedroom or … Read more

Bank of England keeps interest rates unchanged at record low of 0.1%

British economy to grow at fastest rate since WWII: Bank of England significantly upgrades growth forecast for 2021 to 7.25% – up from 5% – after jab rollout success and lockdown easing By Mark Duell for MailOnline Published: 12:18 BST, 6 May 2021 | Updated: 12:51 BST, 6 May 2021 Advertisement The Bank of England … Read more