UK economy

Labour calls for FTSE companies to give 10% of equity to staff

The shares, owned collectively by staff in an ‘Inclusive Ownership Fund’, will earn workers up to £500 per year in dividends. 

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Inflation hits six-month high as households feel the squeeze

The rise in prices means that there are few savings accounts that beat inflation

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Bank of England: inflation concerns over removal of 1p and 2p coins unfounded

Removing the 1p and 2p from circulation would not cause inflation according to analysts at the Bank of England.

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Interest rates reach highest level in nearly a decade

Bank of England raises base rate of interest to 0.75 per cent. 

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Bank of England set to raise rates

Markets are pricing in 85% likelihood of a rate hike on Thursday; what are the implications?

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Treasury Committee: dump pension triple lock and Lifetime Isas

State pension should rise in line with earnings, while Lifetime Isas too complex, says an influential cross-party parliamentary committee of MPs.

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Softer Brexit may lead to wave of business investment

Since the vote in June 2016, firms have hoarded their cash.

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Surrey pensioners contribute the most tax

For the 6.87 million pensioners who pay tax in the UK, the average annual income tax bill is £3,522.

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Which FTSE 100 shares did the best and worst in June 2018?

Rolls Royce leads the FTSE’s biggest movers in a less buoyant month for the blue-chip index.

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