Savers and motorists have suffered another blow as higher fuel prices helped keep rises in the cost of living over the past year well above the Bank of England's inflation target.
A new tax-free children's savings account is set to be launched to encourage parents to set aside money for their offspring, the Government announced today.
Treasury financial secretary Mark Hoban has denied claims the Government is considering reducing tax incentives on Isas in the upcoming spending review.
6 October 2010
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