Vive La Tax!!

French President Francois Hollande received approval to proceed with his plan to tax salaries above 1 million euros at 75% for this year and next. Under Hollande’s proposal, companies will have to pay a 50 percent duty on wages above 1 million euros. In combination Read more…

30/12/13 Market Movements

Markets fluctuated between 6,718.16 & 6,768.44 before finally closing down 19.6 points at 6,731.27. The biggest fallers were Sainsbury’s & M&S which fell 1.94% & 1.67% respectively. Stock movements Rio Tinto closed at 3409p – 0.26% Over its sell price of 3400.

23/12/13 Market Movements

The FTSE 100 today closed up 64.45 points at 6.671.03  as signs of the improving economic growth in the US encouraged investors whilst news of the Chinese credit squeeze took the edge off the gains. Stock movements Nothing to report today Market news The Peoples Read more…

Child trust fund transfer ban to be lifted

The government is to lift the ban on transfers from child trust funds (CTFs) to Junior ISA, according to Citywire and the Daily Mail. Chancellor George Osborne said the move ‘supports hard-working families who want to save for their children’. The ban is expected to Read more…

Sharp drop in “concern” about debt

A survey for the Bank of England reports a fall in the number of UK households concerned about their level of debt. The report shows that in 2013, 39% of households were worried about debt, compared with 46% last year. This prompted the Bank to Read more…