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New survey reveals owning a house costs less than renting a property in the UK‏

New survey reveals owning a house costs less than renting a property in the UK‏

The cost of owning a family-sized home within the UK is now on average £1,500 per annum less than renting, according to research conducted by Halifax. Halifax’s survey used standard three-bedroom family homes and calculated that on [read more]

Economic growth shows that long-term Tory plan is working, says Osborne

Economic growth shows that long-term Tory plan is working, says Osborne

The Office for National Statistics (ONS) has revealed that gross domestic product (GDP) increased by 1.9% between 2012 and 2013. Speaking in the House of Commons today, chancellor George Osborne said: “These numbers are a boost for the [read more]

85 richest people as wealthy as 3.5 billion poorest, says Oxfam‏

85 richest people as wealthy as 3.5 billion poorest, says Oxfam‏

A shocking report published by Oxfam this morning has revealed the spiralling levels of income inequality between the world’s richest and poorest people. The report, entitled Working For the Few, warns the high concentration of [read more]

Britain facing further £25bn in cuts, warns government‏

Britain facing further £25bn in cuts, warns government‏

Chancellor George Osborne has used a speech he gave today in Birmingham on the state of Britain’s economy to heap more misery on welfare recipients by claiming that government spending would need to be slashed a further £25 billion in [read more]

UK unemployment at an-all time low

UK unemployment at an-all time low

Finally, the recession is showing positive signs that it really is at an end and that we are no longer suffering through a period of economic downturn. Through this tough time, millions of people were finding themselves joining the doll [read more]

Youngest generation to be poorer than parents

Youngest generation to be poorer than parents

People born in the 1960s and 1970s will only be more wealthy after their retirement compared to their parents if they receive an inheritance, according to a study by the Institute for Fiscal Studies (IFS). In comparison to their [read more]

Local authorities told to increase food banks and ramp up support‏

Local authorities told to increase food banks and ramp up support‏

The welfare minister, Lord Freud, has said at a welfare reform conference that local authorities should invest more money in food banks and other in-kind support. Freud had previously come under fire for comments he made about food bank [read more]

Cameron hints that cutting top tier tax rate may form part of Tory manifesto

Cameron hints that cutting top tier tax rate may form part of Tory manifesto

Prime minister David Cameron has suggested that he would further reduce the top rate of tax to 40%. Last year, the Coalition Government reduced the rate of tax on incomes exceeding £150,000 from 50% to 45%. Last week, the Prime Minister [read more]

Nearly nine million Britons are living in serious debt, says new report

Nearly nine million Britons are living in serious debt, says new report

Almost nine million people across the UK are living with severe debt issues, reveals a newly released report by the Money Advice Service (MAS). 18% of British citizens, equivalent to 8.8 million people, consider themselves to be [read more]

Miliband promises tax break to firms that raise wages

Miliband promises tax break to firms that raise wages

Ed Miliband, leader of the Labour party, has pledged a 12-month tax break to companies that agree to pay the “living wage” if Labour win the next election. The promise comes after a recent study revealed that those earning less than [read more]

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