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Retirement savers struggle to clear debts

Retirement savers face difficulty clearing their debts, according to research by Key Retirement.

A survey of 3,000 adults revealed 38% of workers over 55 struggle to clear their credit card balances every month.

The research also showed a lack of awareness about the cost of credit card debt.

While 43% say they don't know what interest rate they pay, around 1 in 10 (11%)...

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National minimum wage rates from April 2018

The national minimum wage and national living wage rates will rise from 1 April 2018.

Eligible workers aged 25 and over who are not in their first year of an apprenticeship will be entitled to the new national living wage rate of £7.83.

Those aged 21-24 will see their hourly wage rise to £7.38.

Apprentices will benefit from a record rise of 5.7%, according to the...

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Government launches VAT review

The government has launched a "call for evidence" on the design of the VAT registration threshold, amid concerns that the current system disincentivises small business growth.

In November 2017, the £85,000 threshold at which businesses are required to register for VAT was frozen until 2020.

This decision followed a report by the Office for Tax Simplification, which said that the...

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Spring Statement 2018: Reactions

As promised, Spring Statement 2018 focused on the economy and consultations. 

Here’s how businesses and industry groups have reacted to Philip Hammond’s speech.

Nod to late  payments popular with Federation of Small Businesses

Mike Cherry, national chairman of the Federation of Small Businesses said:

“The chancellor is absolutely right to commit the...

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Spring Statement 2018: 5 key consultations

Chancellor Philip Hammond announced 13 consultations in his Spring Statement on 13 March 2018.

Here are 5 of the key consultations revealed:

VAT registration threshold

A review has been launched into the design of the VAT threshold, amid concerns it may currently be disincentivising small businesses from growing beyond a £85,000 turnover.

Cashless and digital...

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