The Institute of Public Policy Research Commission on Economic Justice is calling for a change to the way wealth is taxed.
It has suggested capital gains should be taxed at the same rate as income, and this would see tax rates on gains from share price rises hiked from 18% to 45% for higher rate taxpayers
One in six people admitted they will definitely be over the age of 65 by the time they finish repaying their mortgage, while another 9 per cent said they have no idea when it will be paid off, research from Hargreaves Lansdown revealed
deVere CEO and founder Nigel Green has claimed that Her Majesty’s Revenue and Customs’ (HMRC) latest bid to recover unpaid taxes on cryptocurrencies demonstrates that digital assets are the “future of money”
There were 49.1 million application programming interface (API) requests made in April, more than double the number recorded in February, the Open Banking Implementation Entity (OBIE) revealed
More than half (52 per cent) of UK consumers are looking for new tools and apps, such as those enabled by Open Banking, to help them feel more in control of their finances
Consumers could be in line to receive money they had lost as a result of their dealings with any of the 11 failed regulated firms declared in default in June 2019 by the Financial Services Compensation Scheme (FSCS)
The UK FinTech sector is on course for a record year, with investment in the first half of 2019 reaching $2.9 billion across 123 deals, up 45 per cent on 2018