Post Tagged with: "finance"

Taxman draws up additional plans to access your bank details

Taxman draws up additional plans to access your bank details

HMRC has awarded itself new powers to access your accounts for a year, it has been reported. The tax authority has drawn up plans to seize the account details of anyone who they claim may owe them some money. These new powers come just months after it announced that they can dip into the accounts of those it accuses of[Read More...]

Poor households pay more taxes than the super-wealthy

Poor households pay more taxes than the super-wealthy

Most people in the UK wrongly assume that the richer you are, the more tax you pay. A new study has helped to break down that myth and reveals that in actual fact, the truth is just the opposite. The less you earn, the greater proportion of your income in tax you pay. Sounds fair right? Right? A new study[Read More...]

Children sentenced to poverty under new government rules

Children sentenced to poverty under new government rules

Five million children across the UK will face a lifetime of poverty, under government legislation. A new report from Save the Children entitled ‘A Fair Start for Every Child’ showed that benefit cuts, low wages, and the rising cost of living are all leaving millions of families in poverty. The restriction on employment support and jobseekers allowance has resulted in[Read More...]

Payday lenders often advertise their services to the most vulnerable people in society

Beware of the loan sharks: Charity highlights predatory behaviour of payday lenders

Payday loan sharks have trapped an increasing number of Brits into unmanageable debts and new research has revealed that this problem is increasingly getting worse. In fact, a new report from the charity StepChange showed that the number of people seeking relief from payday lenders has shot up by 82 per cent. Worryingly most of those vulnerable people seeking help[Read More...]

Is Bitcoin the solution that it is cracked up to be?

Is Bitcoin the solution that it is cracked up to be?

Over the last few years, much has been said about the emergence of the Bitcoin, which is said to be going up in value. Bitcoin is a peer-to-peer payment system, which claims to operate with no central authority or banks. According to the Bitcoin website, it is open-source; its design is public, nobody owns or controls it and everyone can[Read More...]