Broadband speeds for UK households and small businesses are ‘51% slower than advertised’

Research conducted by consumer group Which? has revealed that, on average, many UK households and small businesses only receive half the broadband speed they pay for. The results, which were generated by 235,000 uses of a speed-checker tool provided by Which?, revealed that customers have been paying for speeds of up to 38 megabits per second (Mbps), [&hellip
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UK workers will require pension pot of ‘at least’ £260,000, says study

A study carried out by insurers Royal London has suggested that UK workers will require a pension pot of ‘at least’ £260,000 to ensure a comfortable retirement. In contrast, the total pension pot needed to secure an advantageous retirement in 2002 was £150,000, the study revealed. It suggested that the increase can be partly attributed [&hellip
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HMRC adds two new software providers to Making Tax Digital pilot

MRC has added two new software providers to its Making Tax Digital (MTD) for income tax pilot scheme, bringing the current total to four. The software providers signed up to the MTD for income tax pilot will be required to supply reporting tools to those taking part in the pilot, in order for them to [&hellip
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Many individuals believe self-employment has ‘improved quality of life’, survey finds

A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has ‘improved their quality of life’. 82% of those polled believe that being their own boss has enhanced their quality of life, whilst only 7% believe that working for themselves has negatively impacted [&hellip
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HMRC issues warning over tax refund scams

HM Revenue and Customs (HMRC) has issued a warning to taxpayers regarding the latest tax refund scams, which are targeting individuals via email and SMS messages. As HMRC processes genuine tax refunds for the 2017/18 tax year, fraudsters are sending scam messages which claim that taxpayers are entitled to a rebate, and request that they [&hellip
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Survey suggests millennials feel ‘under most pressure’ at work

A survey conducted by the Mental Health Foundation and Mental Health First Aid England has suggested that millennials feel under the most pressure at work when compared to any other age group. According to the survey, more than a quarter of people aged between 18 and 38 work through stress, compared to 18% of so-called ‘baby boomers’ – those [&hellip
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Car insurance costs proving a ‘significant burden’ for young drivers

Young drivers in the UK are facing significant challenges as a result of high car insurance premiums, according to a recent report by comparison website Comparethemarket.com. The latest Young Drivers report shows that, on average, young motorists spend £2,381 a year on running a car, with 17-24-year olds having experienced an increase of more than [&hellip
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Late payments ‘remain a real problem’ for SMEs, research finds

Late payments ‘remain a real problem’ for UK small and medium-sized enterprises (SMEs), research carried out by accounting software company Xero has suggested. Its Small Business Insights report analysed 7.5 million invoices with 30-day payment terms that passed through the Xero system, and revealed that 52% of SMEs’ invoices were paid late in 2017, with [&hellip
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Brexit causes HMRC to delay Making Tax Digital for individuals

HMRC have delayed the full roll-out of Making Tax Digital (MTD) while the UK prepares to leave the EU in 2019. MTD for individuals was scheduled to take effect from 2020, however the government have revealed that the plans have been put on hold to allow HMRC to focus on the UK’s Brexit preparations. In [&hellip
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‘Avalanche of cuts’ affecting UK economy, says TUC

The Trades Union Congress (TUC) has suggested that growth in the UK economy is being adversely affected by an ‘avalanche of cuts’. Preliminary estimates published by the Office for National Statistics (ONS) show that, between January and March 2018, growth in UK Gross Domestic Product (GDP) increased by just 0.1%, compared to growth of 0.4% [&hellip
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