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retirement income

Retirement income ‘boosted by private and workplace pensions’, statistics suggest

Data published by the Office for National Statistics (ONS) has revealed that retirement income has been ‘boosted’ by private and workplace pensions over the last 40 years. The ONS found that 80% of retired UK households received income from a private pension in 2016, compared to just 45% of...

Data published by the Office for National Statistics (ONS) has revealed that retirement income has been ‘boosted’ by private and workplace pensions over the...

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card payments

Figures reveal significant rise in number of card payments made by consumers

Data published by UK Finance has revealed that card spending totalled £57.1 billion in June – representing a 7% rise when compared to a year earlier. 1.4 billion card payments were made in June, which constitutes a 12% rise when compared to the same time last year. Contactless payments...

Data published by UK Finance has revealed that card spending totalled £57.1 billion in June – representing a 7% rise when compared to a...

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cyber security measures

Firms with poor cyber security measures could face fines of £17m, government warns

The government has warned that businesses with poor cyber security measures could face fines of up to £17 million or 4% of global turnover. Water, energy, transport and health firms have been advised to safeguard against hacking and cyber threats. The government has stressed that fines will only be...

The government has warned that businesses with poor cyber security measures could face fines of up to £17 million or 4% of global turnover....

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Brexit customs

IoD calls for ministers to make a decision on transitional Brexit agreement

The Institute of Directors (IoD) has called for the government to reach a decision on how to approach a transitional Brexit agreement ‘as soon as possible’. Chancellor Philip Hammond had previously outlined the need for interim arrangements to be agreed for the period between March 2019 and the time...

The Institute of Directors (IoD) has called for the government to reach a decision on how to approach a transitional Brexit agreement ‘as soon...

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wage growth

FSB urges government to delay National Living Wage rise

The Federation of Small Businesses (FSB) has called on the government to consider whether forthcoming rises in the National Living Wage (NLW) rate may need to be delayed if the economy cannot bear the pace of change. By 2020, the National Living Wage will have risen to £8.75 per...

The Federation of Small Businesses (FSB) has called on the government to consider whether forthcoming rises in the National Living Wage (NLW) rate may...

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trade body

New trade body to be created by government

The government has revealed its intention to create a new trade body, termed the UK Trade Remedies Organisation, ahead of Britain’s departure from the EU in 2019. The UK Trade Remedies Organisation will help to combat incidents of unfair trade that may occur once Brexit has taken place. It...

The government has revealed its intention to create a new trade body, termed the UK Trade Remedies Organisation, ahead of Britain’s departure from the...

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