Lobby group set up by challenger banks will attempt to persuade Treasury to back down over higher taxes at crunch meeting

Lobby group set up by Britain’s challenger banks will attempt to persuade Treasury to back

Chancellor George Osborne has repeatedly clashed with lenders over his decision to impose an 8 per cent surcharge on their UK profits, on top of corporation tax. The move, which was announced during the emergency Budget in July and came into force last month, has incensed executives at many firms.

'My insurer rejected my claim for a brain tumour': So Legal & General, what's stopping you paying up this time?

Ruth Dunn's claim was rejected as her insurance company ruled that she had failed to disclose a previous neurological check-up.

Baffled by those ever more complex internet and phone offers? Don't worry, confusing ads may soon be...BroadBANNED!

Baffled by internet and phone offers? Ads may be BroadBANNED!

Millions of household bill-payers are routinely bamboozled by 'confusion pricing' used to promote broadband deals. But media watchdogs are gearing up to scrap the practice. Burying landline rental fees in contract small print often baffles customers, according to new research. Self-employed audio transcriber Lisette Davidson (pictured) is reluctant to switch broadband provider because she feels the process of comparing deals is deliberately puzzling.

If my father-in-law gifts me £25k but dies within seven years will I have to pay inheritance tax?

From year three onwards the amount of the gift liable to inheritance tax reduces until it is completely out of the donor's estate after seven years.

Retiring women face worst income shortfalls as spouses lose right to claim partner's state pension

Everyone retiring from April will start getting a state pension according to their individual contributions rather than being able to lean on their spouse's, with only limited exceptions.

TONY HETHERINGTON: Here's the REAL picture about 'buy to let' art from Art Investment Management Limited

The idea is that you buy fine art which is then rented out to companies to hang in their boardroom or reception area, to impress clients. I must admit I am tempted by the guaranteed yield of 7 per cent.

JEFF PRESTRIDGE: What a pig's ear Government is making of our pensions - tin hats ready...we're doomed!

Their ongoing assault is already having an adverse impact on the propensity of people to save and build funds for the time when they work no more. Is that really what the Government wants?

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GATWICK AIRPORT BOSS: If we choose growth at Gatwick over inertia at Heathrow, 2016 can be year Britain finally solves one of its longest running policy challenges

GATWICK AIRPORT BOSS: If we choose growth at Gatwick over inertia at Heathrow, 2016 can be

For the first time, and after decades of delays and dead ends, there is now a deliverable alternative to the UK's air capacity question, says Stewart Wingate. The Government delayed its decision on expansion in December, showing once again that Heathrow is still dogged by the environmental problems that have stalled its plans time and again over the past four decades.

Chinese tourists expected to flood to UK to shop during Chinese New Year

The new year celebrations feature public holidays in China, which many use to travel abroad to visit relatives and shop, with luxury retailers offering discounts to lure in big spenders.

Former RBS boss Stephen Hester set for £500,000 payout from bailed-out bank - more than two years after he left

RBS will also confirm next month that it awarded Hester £1.7 million in shares last March under a previous incentive plan, taking his total pay for five years at the helm to around £13 million.

MIDAS SHARE TIPS: Penna Consulting's on the march...as it helps firms hire and fire staff

MIDAS SHARE TIPS: Penna Consulting’s on the march...as it helps hire and fire

The company made its name as an adviser to firms with big redundancy programmes, helping staff to find other jobs or, at the very least, leave with dignity. Over the past two to three years, however, it has branched into specialised recruitment and training. It is also helping the Metropolitan Police create a more ethnically diverse workforce.

FIDELITY ENHANCED INCOME: Fund has one of the highest yields in the UK equity income fund sector

With co-manager Michael Clark, David Jehan uses 'covered call options' to provide the fund with its income lift.

MIDAS SHARE TIPS UPDATE: Our 'big box' tip Tritax gets even bigger - with shares up 30 per cent

Retailers like using huge, strategically placed distribution centres. Tritax Big Box REIT owns these sites and rents them out to companies such as Sainsbury's and M&S.;

SUNDAY NEWSPAPER SHARE TIPS: Penna Consulting, BP and Victoria

We round up the Sunday newspaper share tips. This week, Penna Consulting, BP and Victoria are considered by the Mail on Sunday, Sunday Times and the Sunday Telegraph.

'If I'm paid a good wage cheque, I bank it rather than spend it!' Soap star Gemma Atkinson tells how she saves her TV earnings and invests in property

Soap star Gemma Atkinson tells how she saves her TV earnings and invests in property

Television soap star Gemma Atkinson reveals she started saving for a pension at the age of 15, invested in property at age 19, and is now a savvy Manchester landlord who makes purchases on interest-free credit cards to ensure she gets the maximum return she can from her money. The Emmerdale actress, who had breast surgery in 2006 to enlarge her bra size to a 34E, was named one of the 100 sexiest women in the world by magazine FHM last year.

Enough vegetables to feed a family of four for a week for £3.50? Asda starts selling 'wonky veg' boxes at 128 of its stores

wonky vegetables

More than 120 Asda stores across the UK will start stocking the boxes, which the supermarket says will contain enough seasonal vegetables and salad ingredients to feed a family of four for one week.

How much? Owner of first diesel Land Rover puts tatty 4x4 up for sale for £200,000 - and it doesn't even come with the prized engine

You may find yourself asking why this shed of a 4x4 is demanding such big bucks, but, according to the owner, it's part of Land Rover's history as it's the first diesel model off the 1957 assembly line.

TOWIE's Lauren Pope reveals her start-up secrets: 'Leaving the show is a massive step - but I have to do it for the sake of my business'

TOWIE's Lauren Pope reveals her start-up secrets after leaving the show

Reality TV star and model Lauren Pope has become a successful beauty entrepreneur with her range of hair extensions. She says it was hard to convince people she was more than just a pretty face and that the company was really hers. The hard work involved building up her business is the reason she's quitting Towie.

INVESTMENT EXTRA: The UK stock market has had a tough start to 2016 - but you can profit from the bank share plunge

For those who believe the banks have cleaned up their acts, now may be the time to heed that old advice of buying when people are fearful and take advantage of cheaper share prices.

Squeezed out by house prices in the capital? Then look at property in more affordable London commuter towns like Chelmsford, Bedford and Rochester...

Try one of these more affordable commuter towns if you're squeezed out in London

Those looking to join the exodus are finding that many traditional commuter towns have seen their own surge in prices as the ripple effect works its way outwards from central London. So where should people look to buy within commuting distance of London, but ruling out hotspots such as Oxford, Winchester and Banbury, where prices are sky-high?

Middle classes face drastic cuts in pensions tax raid: High-earning savers could lose £100 a month as George Osborne slashes £34bn from budget

Officials are considering drastic cuts to savers' pension tax breaks - which could affect five million higher-rate taxpayers - and could act in next month's Budget.

Rich and savvy savers are quick off the mark to use pension freedoms - but the vast majority are still sitting on their hands

The overwhelming majority of savers are either still pondering their options or doing nothing, new research from the Pensions and Lifetime Savings Association reveals.

In two decades it's gone from an also-ran to one of the Britain's favourite SUVs, RAY MASSEY checks out Kia's new Sportage

Can Kia's new Sportage deliver the goods for Britain's SUV-loving drivers?

Kia's Sportage has become a common sight on UK roads, as drivers have taken its SUV style to their hearts. UK Sportage sales in 1995 were a mere 680. But a record 23,010 were sold last year. A new version is now hitting the showrooms, Ray Massey puts it to the test.

First-time buyers cash in their Help to Buy Isa bonuses as first Nationwide mortgages are completed

The first few savers to use the government's Help to Buy Isa scheme via Nationwide have started completing on their mortgages, closing their accounts and receiving government bonuses.

£12BILLION... The slump in profits from the taxpayer bailout of the banks in just seven months

£12BILLION... The slump in profits from the taxpayer bailout of the banks in just seven

Chancellor George Osborne claimed in June that the Treasury's original stakes in RBS, Lloyds, Northern Rock and others were set to yield a £14 billion profit, according to an analysis carried out for it by investment bank Rothschild. Calculations based on those figures show that the profit has crashed to less than £2 billion after a collapse in the share prices of RBS and Lloyds.

Government regulator must be given power to force oil firms to keep pipelines and refineries open as price of oil collapses

Premier Oil's Tony Durrant said firms could shut facilities they share with other producers, leading to fields closing sooner than necessary and leaving the industry unable to pick up when prices rise again.

Tasty figures at Bill's as sales soar by 70% as it opens 24 new outlets

Majority-owned by Richard Caring, Bill's recorded sales of £92 million in the year to August 2, 2015, while pre-tax profits grew from £4 million to £6.7 million.

Turnaround specialist Better Capital, headed by controversial financier Jon Moulton, writes off vast bulk of £22m debt after collapse of luxury yacht maker

Fairline went into administration in December with the loss of 380 jobs. Moulton said his firm had written off all but £1 million of the £22 million it was owed by Fairline.

Alcohol guidelines 'fail the common sense test' drinks industry warns after biggest shake-up of drinking advice for 30 years

Chief medical officer Dame Sally Davies issued new recommended limits for drinkers, saying men, as well as women, should have just 14 units a week, and warned no level of drinking is safe.

Boss at the troubled Office for National Statistics plans digital fightback: Yes, we must do better to make sure the numbers add up

There must be a serious problem at the Office for National Statistics if so many politicians and bankers have been queuing up to have a go at it. John Pullinger has been stung into action.

Steel baron Lakshmi Mittal stumps up close to £800m to help his embattled steel firm cope with tumbling prices

Mittal's ArcelorMittal, the world's largest steelmaker, is to raise £2bn to cut debt as it struggles to compete with record exports from China.

From the catwalk straight into stores: Burberry closes 'gap between runway and retail' and launches 'seasonless' collections

From the catwalk straight into stores: Burberry closes 'gap between runway and retail' and

Global luxury fashion brands usually present their collections half a year before they reach the shops, but Burberry today said its clothes and accessories will be available in-store straight after the show starting from September 2016. Burberry will change the way 'it creates, presents and sells its runway collections', reflecting changes in the way consumers engage with brands on the internet - a move that could see other fashion labels follow suit.

HSBC fined £325m in US for its 'abusive' treatment of struggling mortgage customers during financial crisis

The British bank routinely repossessed the homes of thousands of customers who fell behind on their repayments without reviewing their individual circumstances or allowing them to appeal.

RUTH SUNDERLAND: MP Andrew Tyrie is the one politician that won't let HBOS off the hook

Mr Tyrie, who chairs the Treasury Select Committee, is like a dog with a bone - in a good way - as accounting regulator the Financial Reporting Council is now discovering.

The Great Tax Switch: Fury as small firms' rates burden soars - far outstripping other taxes - and corporation tax take falls by billions

The Great Tax Switch: Fury as small firms’ rates burden soars - far outstripping other

Small and medium-sized companies are struggling to survive under the burden of a huge rise in business rates while the Treasury's income from corporation tax has fallen, according to the Confederation of British Industry. The organisation representing bosses has urged Chancellor George Osborne to reform business rates in his imminent Budget - due in just over a month's time - and has called on him to scrap the tax altogether for more than a million small firms.

Couples say 'I do' to setting up shop online: Notonthehighstreet sees 38 per cent rise in couples selling through it in past year

Online marketplace Notonthehighstreet sees 38 per cent rise in couples selling through it

City-based Julia and Ed Minton joined the site in May 2015. They met at school and today they run Musubi London, a small business selling colourful Japanese furoshiki - cloths that can be used for wrapping objects such as lunch boxes and gifts. Meanwhile, David and Rebecca Cahill Roots set up Betty Etiquette, a stationery business in Lewisham, South-East London, in May 2014.

Inventors of world's first coffee-powered coffee bean roaster win £12,000 as Best Overall Business at FSB Worldpay Business Awards

The 918 Coffee Co invented the Eco Roaster, which uses coffee grounds as fuel for roasting the next batch of beans. It also won the Business Product Innovation of the Year award.

When will interest rates rise? Bank's lone wolf ends his hike calls, as outlook for a rise drifts to 2017

When will UK interest rates rise?

Interest rates are set to remain at their record lows well into 2017, commentators suggested after the Bank of England held rates by a vote of 9-0 and lowered its growth forecasts. The quarterly inflation report said that outlook for global growth had weakened further since the previous report in November and that the latest data suggest a softer picture for UK activity in 2015 than previously assumed.

Interest rates stay at 0.5% as Bank of England cuts growth forecasts amid concerns over global outlook

SUPER THURSDAY

The Bank said the UK economy is set to grow by 2.2 per cent this year, down from a previous estimate of 2.5 per cent, while also cutting next year's outlook to 2.4 per cent from 2.7 per cent.

Britain's shoppers quids in as supermarket price war sees cost of groceries fall by record 2.8% in 2015

Fruit & vegetables section at Sainsburys Superstore in Camden Town, London, England.

It comes after Morrisons yesterday announced it was cutting the price of more than 1,000 products, ranging from fruit and vegetables to tinned tuna and toilet roll.

Glimmer of hope for 550,000 expats on frozen state pensions: Retirees penalised by 'lottery' rules resting on where they move

Glimmer of hope for 550,000 expats stuck on frozen state pensions

More than half of the one million pensioners living abroad don't receive annual increases in their state payouts. That means someone who retired when the basic rate was £67.50 a week in 2000 would still get that, rather than the £115.95 now received by everyone else. But whether an expat's pension is frozen or not depends entirely on where they move to, because the Government has struck individual deals with some countries but left around 150 others out in the cold.

JAMES ASHTON: One of the glummest US recoveries on record makes for an unpredictable race for the White House

That Middle America has not been feeling the benefit of a strengthening economy explains the progress made by fringe presidential candidates Bernie Sanders and Donald Trump.

Get paid more to switch banks: Halifax boosts incentive to £125 for new current account customers as battle heats up

A woman walks past a Halifax bank in Leicester, central England, September 17, 2008. British bank Lloyds is in advanced merger talks with UK mortgage lender HBOS, the BBC reported on Wednesday, citing sources. HBOS, the group created by the merger of Halifax and Bank of Scotland, is Britain's largest savings group. REUTERS/Darren Staples (BRITAIN)

New customers switching to Halifax will earn £125 from next Tuesday, as potential customers are offered more free money to sign up to current accounts.

Britain's best savers revealed: Londoners put away over £1,000 a month - four times as much as those in the North East

Britain's best savers revealed: Londoners put away over £1,000 a month - four times as

Savers in Wales take second spot in the savings rankings, with £671 per person being put away each month - though this is just over half of what savers in London put away. Regular savers in Wales and Yorkshire and Humber are outdoing those in the South East as a whole, the survey from challenger bank Charter Savings Bank revealed.

Owners rush to cash in on properties' rising values, but what's the best way to release equity and fund home improvements?

What's the best way to release equity and fund home improvements?

A rush of homeowners are cashing in some of their property's value to fund extensions and home improvements rather than move house, experts suggest. But while the sums taken out may be relatively small compared to the value of properties, working out the best way to do it is still vitally important. We take a look at the options available to borrowers.

Top UK income funds revealed: Size matters as Unicorn magics its way to the top, but big guns fall from grace

Top UK income funds revealed: Unicorn magics its way to the top

It seems bigger isn't always better as the top three funds for income all came from smaller firms, according to a leading piece of research. At the same time, most of those relegated to the Black List were high profile names, including Schroders, BlackRock and Standard Life Investments.

I am separating from my husband of 40 years but not divorcing him - what do we do about our pensions?

I am separating from my husband - what do we do about our pensions?

I am aged 61 and my husband 63. After 40 years of marriage my husband and myself are going to separate. We have split all our money and the house 50/50. Can our pensions be left as they are - is this be the best way for us to benefit from the pensions upon death?

Could an average earner buy a home in your area? Interactive map reveals where workers can still afford to buy - and solo buyers are priced out of 95% of all regions

Could an average earner buy a home in your area? Interactive map from Savills reveals

Potential homebuyers looking to snap up a property solo while earning a median wage in are unlikely to be able to get onto the ladder, research from Savills shows. A median priced property is now no longer affordable for median-earning solo buyers in 95 per cent of local authorities across England and Wales, Savills says.

House prices jump £3,500 in a month to a new high as buyers chase record low stock of homes for sale

The average property price rose by 1.7 per cent last month to £212,430 and house prices have risen by more than £2,000 a month since last summer, the Halifax index showed.

Would you like a yield of 8%? The Insight Income Booster fund gives investors an impressive yield - but its sticking to troubled oil and gas

The fund uses call options to boost its income payouts but has suffered recently form its heavy weighting to blue-chip companies and significant exposure to the oil and gas sector.

Think you are safe online? We watch a 'live hack' showing the terrifying ease with which accounts are breached - and reveal the biggest password mistakes

Think you are safe online? 'Live hack' shows ease with which accounts are breached

This is Money watched 'ethical hacker' Mustafa Al-Bassam demonstrate just how much at risk internet users are - especially those reusing weak passwords for a number of websites. It comes as 98.8% of us use the top 10,000 passwords currently in use in the world - with 4.7% using the password: password.

Banks giving savers wrong advice or failing to inform them about new £1,000 tax-free savings allowance which starts in April

Wad of Cash 20 notes.

Most major savings providers are yet to inform customers about the perk, which starts in April, and the information they do provide on their websites is wrong.

Britain's biggest bank accused of running branches with 'skeleton staff' after announcing 1,700 job cuts

Lloyds delivered the grim message that around 1,000 of the 1,755 roles being axed would be frontline staff such as cashiers, managers and customer advisers.

'It's cold out there... it's cold out there every day': It's Groundhog Day for interest rates, but will they rise before we see a recession?

It's Groundhog Day for interest rates, but will they rise before we get a recession?

When the Bank of England keeps interest rates frozen again today, we will be just one month off the seventh anniversary of 0.5% Bank Rate. You'd be forgiven for feeling that it's all gone a bit Groundhog Day as the latest Super Thursday arrives with little hope they will rise.

As Tata is forced to rename its Zica due to links to Zika virus, are these the 10 most unfortunate car names ever?

As Tata renames its Zica, we reveal the 10 most unfortunate car names

A car names says a lot about the vehicle you're driving. So imagine the dilemma you face when the new model you're about to launch shares a name with a virus that's causing global concern.

Landlords forcing tenants to pay unfair charges for accidental damage insurance 

To Let Signs on New Housing 5
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Some are now refusing to rent properties to tenants unless they have insurance that will pay out if they accidentally damage the landlord's furniture or fittings.

Where in London could a buy-to-let investment pay off most? Get a street-level view of average rental returns from our interactive map 

Where in London could a buy-to-let investment pay off most? Get a street-level view of

A few years ago it was possible to achieve relatively high returns on many rental properties. But the landscape for landlords has changed significantly following the steep rise in house prices. Rental yields of less than 4 per cent are commonplace and investors must now work hard to find stronger returns. This interactive map helps London landlords get a quick overview of potential rates of income.

50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings

50 ways to save money....

To clear the average national household debt of ?13,000 at 6% interest with a monthly repayment of ?100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

How to choose the best (and cheapest) DIY investing Isa - and our pick of the platforms

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

Revealed: The world's cheapest and most expensive stock markets - and where the UK stands

spt_Cape 3.JPG

We highlight the world's cheapest and most expensive stock markets, measured on three popular valuation tools and where the UK sits.

INVESTING TIPS: Fund and trust ideas for beginner and cautious investors

L Board sign on the rear of a blue saloon car , UK

If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.

INVESTING TIPS: Top fund and trust ideas for income investors

Income investing: Dividends can deliver both a healthy boost to long-term growth and a way to earn from your investments.

Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.

INVESTING TIPS: Top fund and trust ideas for emerging markets

On the up: Emerging markets such as Brazil are where much of the world's growth is expected to be over future years.

If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started

When will interest rates rise? Bank's lone wolf ends his hike calls, as outlook for a rise drifts to 2017

When will UK interest rates rise?

Interest rates are set to remain at their record lows well into 2017, commentators suggested after the Bank of England held rates by a vote of 9-0 and lowered its growth forecasts. The quarterly inflation report said that outlook for global growth had weakened further since the previous report in November and that the latest data suggest a softer picture for UK activity in 2015 than previously assumed.

Our savings picks: This is Money's five favourite best buy cash Isas for 2015

"No smoking" sign on a wall --- Image by © Christopher Stevenson/Corbis

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

Fight back against the banks: Your guide to the rules of switching and where to find the best current accounts - some will even give you free money!

Banking customers typically stick with their current account provider for an average 15 and a half years. But signing up for a new account can get you a much better deal. Here's how to switch

Ten tips for buy-to-let: the essential advice for property investors

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips

What next for house prices? House price rises ease but London market is picking up again

spt_split-weather-houses.jpg

After a slowdown earlier this year, the London market appears to be continuing to push ahead of the rest of the UK. We look at the latest figures.

What next for mortgage rates? Borrowers are in a sweet spot, so is it time to fix?

A stock photo of a miniature toy house .

E08RMN

Borrowers could be in something of a sweet spot, with lenders keen to lend, house prices rising and a first rate rise still considered a way off. We look at the best mortgage rates.

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Best paid jobs 2015: Compare your salary to the national average in this league table of 350 professions - and see the year's winners and losers

Compare your pay to the UK average across 350 professions

Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.

Premium Bonds winners

February 2016
Prize value Winning bond No. Area
£1,000,000 98DC258404 Nottingham
£1,000,000 241QQ814726 Wales
£100,000 211GQ302543 Kent
£100,000 170MT779070 Hampshire and Isle of Wight
£100,000 162DS982532 Wales
£100,000 128MT882542 Southampton
£100,000 127AG354956 Ealing
£50,000 54XY208864 Manchester
£50,000 38QX658778 Greater Manchester
£50,000 261SV569145 North East Scotland
£50,000 251VY927696 Inner London
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