UK Money

Living Wage 'benefits businesses'

The Living Wage would bring in £4.5 billion in taxes, says KPMG

Paying the Living Wage rather than the statutory minimum would only cost 1.3% of the national wage bill and bring in £4.5 billion in taxes and reduced benefit payments, according to a new study.

London leads 'unbalanced' recovery

TUC general secretary Frances O'Grady says the Chancellor needs a better economic plan

Jobs in London have been growing twice as fast as the UK as a whole in recent years, showing an "unbalanced" economic recovery, according to new research.

Families priced out of rural areas

A chronic housing crisis in rural areas is pricing out young families

Swathes of rural England are set to become "pensioner pockets" in the next six years as young families find themselves priced out of the areas they grew up in, the National Housing Federation (NHF) has warned.

Osborne to cut social housing cash

Chancellor George Osborne will announce a summer Budget this week

George Osborne will use this week's summer Budget to launch a clampdown on taxpayer-funded subsidies for hundreds of thousands of higher earners living in social housing.

Greece tourists warned about euros

Tourists heading to Greece have been warned to make sure they have enough euros

Holidaymakers heading to Greece this summer are being warned to take euros with them as cash reserves in the country reach a critical level.

Tories to meet inheritance tax vow

Chancellor George Osborne.

Chancellor George Osborne is expected to use his first all-Conservative Budget on Wednesday to deliver the party's promise to end inheritance tax on family homes worth up to £1 million.

Tories to meet inheritance tax vow

George Osborne is to deliver a manifesto pledge on inheritance tax

Chancellor George Osborne is expected to use his first all-Conservative Budget on Wednesday to deliver the party's promise to end inheritance tax on family homes worth up to £1 million.

Storm damage bill 'may reach £1.5m'

Hailstones caused damage to cars and properties

Tropical storms which saw hailstones the size of golf balls shower down on parts of Britain could have caused up to £1.5 million of damage to cars, motoring group AA said.

Bank compensation drops to £75,000

Currently, people's deposits are protected by up to £85,000 if their bank, building society or credit union goes bust

Bank and building society customers are to get £10,000 less compensation if their financial institution goes bust, the Bank of England has announced.

'No charge' for missed appointments

Health Secretary Jeremy Hunt has backed the principle of fining GP no-showers

Downing Street insisted the Government had no plans to charge patients who miss NHS appointments despite Health Secretary Jeremy Hunt backing the principle of fining no-showers.

Small firms told of pension duties

A drive to raise small companies' awareness of their duties to enrol employees into a pension scheme is being launched (DWP/PA)

A new drive to raise small companies' awareness of their duties to enrol employees into a pension scheme is being launched by the Government.

'Photo cheque' to speed payments

Plans to kill off cheques from 2018 were ditched a few years ago after an outcry from MPs, small businesses, charities and pensioners

A new service which allows people to pay in cheques by taking a photo of them rather than having to go to their bank has been made available to nearly one million more people.

Price rise for basket of groceries

The cost of a basket of groceries has gone up

The cost of a basket of popular grocery items has risen slightly for the first time in more than six months, in what has been suggested could signal the end of supermarket price wars.

Warning on housing debt levels

The Bank of England took action last year to damp down rising property prices

Levels of debt being taken on by British households to fund increasingly expensive homes are creating a "risk" to financial stability, the Bank of England's deputy governor has warned.

House price rises slowing - survey

Property values across the UK increased by 3.3% in the 12 months to June, Nationwide said

House prices increased at their slowest annual pace in two years in June, with property values in Northern Ireland rising at a faster rate than those in London, Nationwide Building Society has reported.

Commuting 'ideal time for shoppers'

Commuters are spending more travel time doing online shopping, a report has said

Commuting is now one of the most popular times of day to do online shopping, with more than £9 billion being spent by those travelling to and from work, claims the Centre for Economics and Business Research (Cebr).