Pensions tax relief: make use of your brief reprieve

Pensions tax relief: make use of your brief reprieve


SAVERS will be breathing a sigh of relief that Chancellor Philip Hammond did not launch another pensions tax raid in Monday's Budget, but there is a good chance he will soon return to the attack.

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Pound euro exchange rate: GBP/EUR rises 0.4 percent ahead of BoE meeting

Pound euro exchange rate: GBP/EUR rises 0.4 percent ahead of BoE meeting


The pound is trading higher against the euro today, having been pushed up by trader optimism about tomorrow’s Bank of England meeting, and is currently at a rate of €1.124. This marks something of a recovery for the pound after yesterday’s decline.

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Pound US dollar exchange rate: GBP/USD rallies from 10-week low as safe-haven demand slips

Pound US dollar exchange rate: GBP/USD rallies from 10-week low as safe-haven demand slips


At the time of writing the GBP/USD exchange rate has climbed to $1.274, up 0.3 percent from yesterday’s 10-week low, but still notably down from the week’s opening rate of $1.283. Following some heavy selling on Tuesday the pound is clawing its way higher against the US dollar this morning as risk-on trade clips demand for USD.

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Eurozone in crisis: Economist WARNING after sluggish GDP growth figures

Eurozone in crisis: Economist WARNING after sluggish GDP growth figures


WITH BREXIT less than 200 days away, there are signs of a growing crisis within the Eurozone, with one analyst predicting the sluggish state of the continent's economy means growth will fall short of the European Central Bank's two percent projection for 2018.

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Pound euro exchange rate: GBP/EUR on the back foot despite shock slowdown in Eurozone GDP

Pound euro exchange rate: GBP/EUR on the back foot despite shock slowdown in Eurozone GDP


At the time of writing the GBP/EUR exchange rate is trading around €1.123, having edged down from this morning’s opening levels despite some very underwhelming Eurozone growth figures. While the euro is holding steady against the pound so far this morning, the single currency is slumping in broader trade as markets react to the Eurozone’s latest GDP release.

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Pound US dollar exchange rate: GBP/USD dips on post-Budget analysis

Pound US dollar exchange rate: GBP/USD dips on post-Budget analysis


The pound has dropped off against the US dollar today to trade at a rate of $1.277 following the Autumn Budget. This latest fall puts the GBP/USD exchange rate down at its lowest level since late August and follows a mixed reception to the last pre-Brexit Budget.

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Budget treats and lifelines for enterprises get thumbs up  

Budget treats and lifelines for enterprises get thumbs up  


Entrepreneurs and small firms got some of the hearing and lifelines they wanted from the Chancellor’s Autumn Budget said business groups as they welcomed a host of measures to boost the sector - including rates relief and funding to deal with potholes and improvements to rural broadband coverage. 

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India rupee crisis could be ‘BLESSING in disguise’ for India – ‘NOT a disaster’

India rupee crisis could be ‘BLESSING in disguise’ for India – ‘NOT a disaster’


INDIA could be in the midst of a financial “blessing in disguise” with the depreciating rupee “not a disaster” for the country, according to a financial analyst. The rupee has been held back by rocketing oil prices and soaring interest rates this year, losing around 14 percent of its value against the US dollar in the process.

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Transferring to UNIVERSAL CREDIT: child tax credit issues

Transferring to UNIVERSAL CREDIT: child tax credit issues


Child tax credits, a hard-to-grasp, complex system that been the bane of many in the way it has led to over and under payments, is on its way out. But its replacement through universal credit, where six benefits are rolled into one, could herald new problems for families during and after the transition. 

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JUSTICE for couple after CHILD TAX CREDIT error

JUSTICE for couple after CHILD TAX CREDIT error


A family’s repayments plan for the excess they had received in child tax credits threatened to implode when they were wrongly accused of not sticking to the deal. 

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Pound US dollar exchange rate: Sterling muted as consumer credit tumbles

Pound US dollar exchange rate: Sterling muted as consumer credit tumbles


The pound is trading at a rate of $1.282 against the US dollar this morning, which represents a slight fall on its opening levels. The main driver today for the pound is anticipation of Philip Hammond’s budget later today, with Sterling investors hoping to see the Chancellor boost public spending as a means of stimulating growth in the UK economy.

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