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GDP grows by 1.2 per cent in Q2

The UK’s GDP grew by 1.2 per cent in the second quarter of 2010, according to revised Office of National Statistics figures.

This is up slightly up on the 1.1 per cent growth for the period previously estimated by the ONS.

The growth was led by a 1.5 per cent rise in business service and finance output and an 8.5 per cent rise in construction sector output – a figure revised upwards from 6.6 per cent.

Household expenditure also rose 0.7 per cent compared with a fall of 0.1 per cent in the first three months of the year.


Dotas position

HMRC and the Treasury are aiming to bridge what they call an information gap with the IHT avoidance regime

Faltering start for Bolton’s China fund

Anthony Bolton’s Fidelity China special situations fund lagged its MSCI benchmark over its debut two months in net asset value terms, although its share price outperformed. From the launch of the fund on April 19 to June 30, the investment trust saw its NAV fall by 5.38 per cent while the share price declined by […]


F&C reports  £19.5m loss after tax

F&C has reported a £19.5m loss after tax for the first six months of 2010. The fall compares to a loss of £8.7m in the first half of last year, while the group has also reported a £2.5bn fall in assets under management to £95.3bn. F&C has attributed the fall to a drop in the […]

Lower annual allowance is advisers’ choice over relief cut

The majority of advisers and clients would prefer to keep pension tax relief at the marginal rate and have a lower annual allowance than see the Government introduce a £40,000 annual allowance but cap relief at 40 per cent. AJ Bell surveyed 300 advisers and 580 clients and found capping contributions at £35,000 with tax […]


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