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Govt to unveil 50% tax relief for start-up investment

The Government is set to announce a 50 per cent tax relief rate for investors who contribute up to £100,000 into start-up businesses.

The Daily Telegraph reports that Prime Minister David Cameron, Chancellor George Osborne, and Business Secretary Vince Cable will unveil plans today to encourage more people to start up their own companies.

The Start Up Britain initiative will see sixty firms take part, with special offers and assistance worth up to £1,500 for each business.

It comes as 39 venture capitalists have written to the newspaper in support of the Chancellor’s decision to increase tax relief on investment in new business from 20 to 30 per cent, announced in the Budget last week.


Royal London posts £228m profit

Royal London has reported EEV profits after tax of £228m for the year to December 31 2010 , down 43 per cent from a profit of £404m in 2009. On an IFRS basis, the group posted a profit after tax of £189m, a drop of 53 per cent compared to the £410m profit reported for […]

Adviser Fund Index

The launches of low-cost, actively managed products by JP Morgan Asset Management and Schroders are unlikely to be the last this year. As the retail distribution review prompts a greater take-up of passive funds by advisers, active managers are seeking ways to defend their market share. JPM was first off the blocks in February and […]


Osborne says industry advised on FTB scheme size

Chancellor George Osborne says he was advised by the industry against increasing the Government’s new first-time buyer scheme beyond 10,000 homes. In last week’s Budget, Osborne unveiled plans to support FTBs moving into new build properties with the Government and house builders stumping up a 20 per cent deposit in the form of low-interest loans. […]

Blunder sees 83,000 Co-op customer details put online

A subsidiary of The Co-operative Group has been forced to issue an apology after an error led to data relating to 83,000 customers being published online, Money Marketing can reveal. The data related to funeral planning products offered by Co-operative Life Planning, which trades under the name The Co-operative Wills and Funeral Planning. An error […]


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