Banking

There was a 20% rise in complaints to financial firms in the second half of last year largely driven by a huge spike in payment protection insurance (PPI) compensation claims, official figures reveal.

The UK economy shrank by more than previously thought in the final quarter of 2011, official figures revealed today.

The Government will not allow parents whose kids have a Child Trust Fund (CTF) to convert it into a junior Isa, which could leave them languishing on paltry rates.

Pensioners were the big losers from today's Budget, with the news 4.4 million will pay more tax from April 2013, at an average loss of £83 each per year. This has been dubbed the new 'Granny Tax'.

Pensioners received a £3.3 billion blow in today's Budget as they found out they will eventually lose the higher personal allowance they enjoy in comparison to the rest of the population. This has been dubbed the new 'Granny Tax'.

The Government has confirmed plans to merge the basic and second state pensions.

Low and middle income earners received a boost today as Chancellor George Osborne revealed the personal tax allowance will rise for the under 65s, but pensioners will lose out.

Every taxpayer is to receive a personal statement spelling out what the Government is spending their tax on.

The Isa savings system should be revitalised to help shelter beleaguered savers and struggling first-time buyers from taxation, campaigners have said.