Government Announcements

Spotlight - Government Announcements

London Help to Buy scheme launches

The new Help to Buy scheme for London has launched, allowing residents to buy a new home with a 5% deposit and a mortgage as low as 55%.

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Early pension exit charges to be capped

Chancellor George Osborne has announced an end to “prohibitive” charges faced by those accessing their pension pots.

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New measures to reduce insurance fraud

New measures recommended by the Insurance Fraud Taskforce are to be introduced to challenge insurance fraud and lower costs for customers.

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Flood pay outs estimated at 1.3 billion

Insurance pay outs for family homes and businesses affected by the December 2015 floods are estimated to reach £1.3 billion.

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Extra funding for flood-hit businesses

A further £6 million package will be made available to the estimated 2,500 businesses affected by the December flooding in the north of England.

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Draft Scottish Budget highlights

The draft Scottish Budget was presented to the Scottish parliament on 16 December 2015.

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Digital tax accounts introduced

HMRC has launched a new system of digital tax accounts which will eventually replace annual tax returns.

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Tax restrictions on selling annuities to be lifted

More than 5 million people will be able to sell their annuity from 6 April 2017.

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Finance Bill 2016 published

The government has published its draft legislation to implement policies announced in this year’s Summer Budget and Autumn Statement.

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