Edmund Greaves

Premier League footballers pay more than £1 billion in tax

The Premier League contributed a total of £3.3 billion in tax to the Treasury in 2016-17.

Premier League players themselves paid £1.1 billion of this, according to a report from accountancy firm EY. In total, the Premier League contributed £7.6 billion to the UK economy in 2016-17.

Pension cold-calling to be banned from January

From 9 January, it will be against the law for firms or individuals to call people about pensions out of the blue.

However, it is unlikely that pension cold calls will stop entirely as many fraudsters are based overseas.

Santander fined £32.8 million for failing to pass on inheritances to bereaved families

The Financial Conduct Authority (FCA) fined the bank £32.8 million after it found the firm failed in its duty to the relatives of deceased customers.

According to the FCA, more than 40,000 customers were directly affected, and the bank failed to transfer £183 million in funds entitled to beneficiaries.

The FCA says that it found the bank failed to disclose information relating to problems with the probate and bereavement process to the regulator after it became aware.

Ambitious for a home of your own? Property-owning parents are key

The think tank has published figures that demonstrate that parental property wealth is now a key indicator as to whether a young person will be able to get on the property ladder.

In the mid 1990s and early years of the millennium, twice as many 30-year-olds with property-owning parents had their own property compared with 30-year-olds whose parents did not own property.