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UK must boost productivity and focus on international competitiveness to weather Brexit, says IMF

The UK must focus on enhancing its economy’s productivity and international competitiveness in order to weather the shock of Brexit, the International Monetary Fund has warned. In its latest country report published on Wednesday, the IMF reiterated that the British economy had faced challenges since June 2016’s referendum on EU membership, which triggered a […]

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Interest only mortgages leave many owners facing possible eviction

Growing numbers of homeowners are set to lose their homes if they don’t take action to repay their debts, the UK financial regulator has warned. Almost one in five mortgage customers – around 1.7m people – have an interest only mortgage, despite a bid by the Financial Conduct Authority (FCA) to reduce the numbers. […]

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UK businesses brace for credit and debit card fee ban coming into effect this weekend

Independent Money Feed Companies and service providers will no longer be allowed to charge customers for using a credit or debit card under a new law coming into effect on Saturday. The Government in July last year unveiled its intention to introduce the ban, saying that up until now shoppers across the UK were […]