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Research reveals increase in cryptoasset ownership

Research published by the Financial Conduct Authority (FCA) estimates that 2.3 million adults in the UK now hold cryptoassets, up from 1.9m last year, and that more people are enthusiastic about them.

More people have also heard of cryptoassets, with 78% of adults indicating they knew about them, up from 73% in a year.

Enthusiasm is growing as well with over half of crypto...

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Majority of home workers want hybrid return to the office

Moving forward, 85% of adults working from home because of pandemic restrictions want to use a hybrid approach to work, working from both their home and office.

A general trend emerged in the Office for National Statistics' findings, with a higher proportion of higher earners, compared to those on lower wages, saying they expected to adopt a hybrid approach to work.

This ranged...

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HMRC chases £1bn in false furlough claims

Over £1 billion of fraudulent or mistakenly claimed furlough cash is set to be recovered over the next two years, HMRC has said.

The announcement comes after HMRC chief Jim Harra said in September last year that the amount of false furlough claims could amount to as high as £3.5bn.

Since the introduction of the furlough scheme in March 2020, more than £60bn has been claimed by...

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Chancellor rejects pleas for furlough extension

Chancellor Rishi Sunak has rejected calls for an extension to the furlough scheme and business rates relief, despite COVID-19 restrictions extending by a month.

The temporary social security scheme is set to begin phasing out from 1 July and end completely on 30 September 2021.

But with national unlocking now scheduled for 19 July, Labour and business leaders are saying that a...

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Renting a home now cheaper than buying one

The cost of renting grew at a record rate last month amid huge spikes in house prices, but regardless, renting is now cheaper than buying a house.

The average cost of a rented home in Britain jumped to £1,054 per month in May, up 7.1% on the same month last year according to Hamptons, the fastest rise seen by the estate agency since they started analysing the market in 2013.

The...

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