Budget 2014: Who said what

Who said what We thought we would round up opinion of today’s budget. From the Chancellor himself to the leader of the opposition, business leaders to the trade unions, who said what? We’d also love to hear what you think about today’s Budget, please leave your comment at the bottom of the article.      George Osborne, Chancellor of the Exchequor George Osborne, Chancellor of the Exchequer:"If you are ...

Business: Funding for Lending scheme launched

A new government initiative to push banks into lending more money to businesses and consumers has started. Under the ‘Funding for Lending’ scheme (FLS) the Bank of England will make it easier for banks to borrow money at below market rates, with the intention that this will in turn, be lent on to businesses and individuals. The banks who receive the funds will be monitored to ensure that their lending increases. Lending to businesses The Bank says that the FLS is "designed to incentivise banks and building societies to boost their lending to UK households and non-financial companies"....

Calls for a review of Income Drawdown and Annuities

Labour are calling for a commission to investigate falling retirement incomes. Plummeting gilt yields have pushed Annuity rates lower and also reduced the maximum level of income available from Income Drawdown plans causing financial hardship to many existing retirees and would be retirees. Free pension Annuity calculator Pension Annuity calculator Do your own Annuity rates comparison with our real time pension Annuity calculator Annuity rates ...