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Chancellor expected to ditch MIRAS

Chancellor of the Exchequer Gordon Brown is widely expected to ditch Mortgage Interest Relief at Source in today&#39s Budget.

MIRAS offers homebuyers 10 per cent tax relief on the first £30,000 of the loan. The Government is expected to take advantage of the low interest climate to soften the blow.

It is estimated that the loss of MIRAS will cost the average homebuyer an extra £200 a year.


Aon sponsors golf event for charity

Aon Consulting is sponsoring the London Sports Forum for Disabled People&#39s charity golf day in July.Last year the event raised more than £4,000 for LSF and the pensions IFA is hoping that this year&#39s event will raise the same amount.The event costs £99 to enter and all profits go to LSF.

Products facing 2000 meltdown

The financial services industry is preparing for a winter product shutdown because of the millennium computer bug.Leading companies are preparing to freeze product development in the final quarter of 1999 because of the bug, which could cause widespread system shutdowns as computers fail to recognise the change of date from 1999 to 2000.Despite spending millions […]


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