Business news

Early-30s delay milestones due to financial insecurity

73% of 30 to 35-year-olds fall short of savings guidelines.

Most workers favour flexible retirement

264,000 people take up pension freedoms in Q2 2018.

Half of businesses set to grant pay rises

Firms to increase pay despite “rising cost-burden”.

Inheritance tax receipts rise to £5.2bn

Receipts have increased 10% a year since 2009.

Bank of England raises interest rate to 0.75%

Homeowners on variable mortgages could face higher costs.

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