Finance

A shocking new piece of research has discovered that the largest percentage of children who suffer “absolute poverty” actually have at least one parent who earns an income. The IFS (Institute for Fiscal Studies) discovered that young people who live under the poverty threshold actually have one or more parents in work. This news will worry the Government who constantly claim that there are more people in work in the UK than there has ever been. However, this work doesn’t...

The answer is yes. Whether your business is an SME or an international company, your marketing activities don’t have to break the bank. Depending on the methods you choose and the resources available, you can even carry out a marketing strategy for free! Chris Ralph, marketing manager at Printerland.co.uk explains how business can promote themselves without investing thousands of pounds, while still getting the best results possible. Set up business listings in local directories Search engines offer free listings for...

By Joe Mellor, Deputy Editor The streets of the capital are paved with gold, well not quite, but people who live in the capital have the most disposable income in the country, even when taking in sky-rocketing rents and the cost of buying a home spiralling out of control. The ONS (Office of National Statistics) report revealed this information. Londoners had an average of £23,607 to spend after tax deductions in 2014, almost a third more than the UK average....

By Joe Mellor, Deputy Editor Political donations are always a controversial topic and don’t sit well with most voters. Who is giving these gifts and why, are the questions most people wonder, when parties end up with huge sums of money. Well of all the political parties the Conservative Party receives more in donations than the rest of the parties put together this year, it has just been revealed. Over £6.7 million of the nearly £12 million in donations that...

By Joe Mellor, Deputy Editor Shockingly the worst ten per cent of households actually paid back 47 per cent of their earnings back in taxes in 2014/15 compared to only 34 per cent for the richest ten per cent, reports the Mirror. The news will come as no shock to the households who struggle to feed themselves and regularly use food banks even though one or both members of the family will have paid employment. In the UK having a...

A sustained period of low interest rates is fuelling widespread investment fraud, according to the Financial Conduct Authority (FCA), with over 55s most at risk. With interest rates set to remain at 0.5 per cent well into 2020, savers are adopting riskier investment behaviour to get more bang for their buck. Four in ten people aged over 55 have moved money out of savings and into investments in a bid to get a better rate of return, with 23 per cent saying they are considering investing...

Brits are clueless when it comes to personal finances, new research reveals. A study of 2,000 adults 58 per cent aren’t sure about their hourly rate of pay and 70 per cent can’t say exactly how much they pay in income tax. While most people think they have a grip on their personal finances, in reality most can only guess roughly what they earn, what they pay in bills and what they what owe on credit cards. Two thirds of people can’t...

By Joe Mellor, Deputy Editor In news that will shock the nation, it has emerged that there is not enough evidence to bring a criminal case against RBS bosses that lead the virtual collapse of the bank in 2008, and contributing to the worst recession since the great depression. Fred Goodwin, the chief of the bank at the time of the crisis, will also not see any possible conviction for his actions. After a five-year inquiry by Crown Office prosecutors...

By Joe Mellor, Deputy Editor A Government watchdog has indicated that £925k was given out to 125 people prior to the election, however each had a new jobs within three months. In every case the member of staff was made redundant due to their MP standing down or losing their seat, but they were back working for a new MP within a very short space of time. In 60.3% of these cases there was no break in employment at all....