money

Tax warning as rule change sees home buyers hit with stamp duty hike from this weekend

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Homebuyers are facing “a massive change” in property prices from this weekend as they will no longer benefit from the MDR. The MDR is a bulk purchase relief from Stamp Duty Land Tax (SDLT) that applies to the purchase of two or more dwellings. Stamp duty bills could double from this weekend as those buying … Read more

NS&I quietly raises interest rates on savings accounts

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National Savings and Investments (NS&I) has increased interest rates on its Direct Savings and Income Bond accounts, as well as launching a new issue of its UK Savings Bonds. With the Bank of England’s base rate expected to remain at its current level of 5.25 per cent for a little while longer, savers can still … Read more