More than three-and-a-half million savers using Britain’s most popular current account will see their interest rates cut in half later this year. High street giant Santander was last night accused of ‘kicking savers in the teeth’ after announcing plans to slash rates by six times the amount the Bank of England reduced interest rates earlier…
More than 90,000 Royal Mail staff have been warned that their final salary pension is “unaffordable” and could be shut down, as experts warn a raft of other private companies will follow suit. Royal Mail has written to employees telling them their “gold-plated” pension scheme may be closed because a deterioration in financial market conditions means…
LONDON, Aug 14 (Reuters) – Britain’s exit from the European Union could be delayed until at least late 2019 because the government was too “chaotic” to start the two-year process early next year, the Sunday Times reported, citing sources it said were briefed by ministers. Britain voted to leave the EU on June 23, but…
A group of British expats in France are bringing a legal challenge to Brexit, pushing the UK parliament to have a vote on the triggering of Article 50. As it stands the Prime Minister can start the 2 year process of leaving the EU now through a process called the Royal Prerogative, however lawyers believe Parliament…
Leaving the EU could cause a major funding blow to UK Universities. 2.3 million students studied at universities across all levels in the UK in 2014- 2015. 436,585 of these, roughly 19%, came from other countries. In recent years there have been more students from other EU member states enrolling in universities throughout Britain, with…
Voters in France, Germany, Spain and Italy state that the UK should be offered a tough Brexit deal, rather than favourable terms, according to a survey that reveals the gulf in expectations between Britain and the EU. A poll by Ipsos-Mori showed that 39% of French people think the EU should offer the UK unfavourable…
Over half a million EU nationals resident in Britan may be forced to leave the UK in the wake of Brexit according to the latest analysis. The Social Market Foundation (SMF) has found 590,000 EU nationals currently living in the UK would not meet the residency requirements to be automatically guaranteed the right to remain…
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UK may have to pay £50 billion into the EU pension fund. About 60% of the votes from the UK to leave the EU are pensioners, and it is the pensions they rely on which will be the hardest hit. The combined deficits of all U.K. defined-benefit pension schemes, normally employer-sponsored and promising a specified monthly payment…
Cyprus gives tax breaks to lure expat home buyers. The new draw for pastures new on the Island of Cyprus is an array of government incentives. Instant residency, half price title deeds, tax breaks for property owners and a chance to obtain a European Union passport. Last summer Cyprus passed legislation that allowed anybody who spends…