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Lenders say rate cut may not mean cheaper mortgages

The Bank of England decision to cut base rate to 0.25 per cent will not necessarily mean cheaper mortgages, according to lenders. Speaking at a press conference after announcing the cut to rates and a package of measures to boost the economy, Bank of England governor Mark Carney says the cut means banks “have no […]

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Chinese equity star manager Diamond Lee leaves OMGI

Veteran China equity star manager Diamond Lee has left Old Mutual Global Investors to pursue “a career outside of asset management”, the group has announced. Lee was the manager of OMGI’s £47.1m China Equity fund. He was poached by OMGI in November 2014 from Ignis Asset Management where he spent 18 years as an Asian […]

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Treasury accused of ‘secrecy’ over Lifetime Isa costs

The Treasury has been accused of secrecy over its cost estimates for the Lifetime Isa after it rejected a Freedom of Information request from former pensions minister Steve Webb. The Financial Times reports Webb, now director of policy at Royal London, submitted the FoI to determine how the Government arrived at its £1.9bn cost estimate […]

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Ingenious hits back at ‘false’ HMRC claims in film partnership case

Film partnership firm Ingenious has hit back at HMRC for “deliberately confusing” the scheme with proven tax avoidance schemes. Ingenious chief executive Neil Forster has accused HMRC of making assertions that are “factually wrong” and for incorrectly linking it to tax avoidance scheme Icebreaker. The comments come after both HM Revenue and Customs and Ingenious film partnerships […]

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