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Brown rejects insurance model for NHS

The Chancellor of the Exchequer Gordon Brown appears to have ruled out private sector involvement in the health service, quoting from former NatWest chief executive Derek Wanless&#39 report into health funding which is published today.

The announcement will dash the hopes of many private health insurers which argue that insurance should play a part in modernising the health service.

He also rejected social insurance which suggests that the Government will continue with tax based funding in future, although he emphasised that any final decision will not be taken until next year.


NDF Administration – Extra Income and Growth Plan 9

Friday, November 30, 2001.Type: Guaranteed equity bond.Aim: Growth and income linked to the Eurostoxx 50 index.Minimum-maximum investment: £10,000-£1m, Isa minimum£7,000.Term: Three years and two months.Guarantee: Capital returned in full at end of term provided index doesnot fall by more than 20 per cent.Return: 10.25 per cent a year, 2.35 per cent a quarter or 34 […]


Lending up after lull in September

Mortgage lending rose by 6.5 per cent last month to £14.7bn from £13.8bn in September, according to figures from the Council of Mortgage Lenders.The amount represents gross lending from banks and building societies and is significantly higher than the total of £9.9bn lent in October 2000.Remortgaging increased as a proportion of total lending to £4.8bn […]

Savers&#39 boost for societies as the markets seesaw

Gross advances by building societies increased by £380m last month to £2.3bn from £1.9bn in September, says the Building Societies Association.Net advances leapt by 55 per cent to £487m from £315m the previous month. This was their highest figure since July, when they stood at £589m.The BSA says lending by its members have benefited from […]

The FSA comes into its own

In just a matter of days, the moment the industry has been anticipating for over four-and-a-half years will finally arrive. Bar some unforeseen occurrence between now and midnight on Friday, November 30, the financial services industry will finally have a single regulator replacing the hotchpotch of bodies overseeing its activities.While images of the UK dramatically […]

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]


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