No standard savings account can beat the current rate of inflation, meaning virtually every savings vehicle is a 'losing' account if the cost of living continues to rise at the same pace.
This week's rise in Air Passenger Duty (APD) airport departure tax will make family holidays "unaffordable for many", Sir Richard Branson's airline Virgin Atlantic warned.
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.
The amount of pension savings on which people receive a tax break is to be slashed to less than a fifth of its current level to save £4 billion a year, the Treasury announced today.
Treasury financial secretary Mark Hoban has denied claims the Government is considering reducing tax incentives on Isas in the upcoming spending review.