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Letwin paves a path between taxation and public services

Oliver Letwin has unveiled key elements of his economic strategy designed to put the brakes on overall public spending while ensuring that more cash is pumped into health and education.

And while the Shadow Chancellor aims to reduce the share of national wealth spent by Government – by slashing back on bureaucracy and curbing the funds available for other state services -he claims he will be able to save the country from another round of tax rises inevitable if Labour wins a third term.

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Standard Life Healthcare sales rise 25 per cent

Sales at Standard Life Healthcare rose 25 per cent in 2003 down from a 26 per cent rise in 2002. Annual premium income grew by 12 per cent to £194m, while the number of lives covered increased by 9 per cent to 425,000. SLH says it is in a strong position for growth and expects […]

Long-term loan closes income-price gap

GMAC-RFC is offering a new mortgage which it says addresses two of the market&#39s main issues – long-term fixed rates and the gap between incomes and property prices. It believes it has worked out how to make long-term fixes more attractive and how to bridge the gap between incomes and house prices without using self-certification. […]

Eurostoxx link for Nvesta plan

Structured product provider Nvesta is offering a new five-year income plan based on the Eurostoxx 50 index. The plan will offer a minimum income of 4 per cent a year plus a potential 3 per cent bonus paid annually. The bonus will be paid for each year that the Eurostoxx 50 finishes above the initial […]

Standard slashes equity content of w-p fund to 50 per cent

Standard Life has cut the equity content of its with profits fund by £7.5bn, resulting in an equity backing ratio for the fund of around 50 per cent. The move out of equities was spelt out alongside the life office&#39s results published today for the 12 months to November 2003. It says it has available […]

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