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Rising prices affect retail sales

Retail sales in the UK rose by just 0.3 per cent in volume terms between November and December, according to the Office for National Statistics.

While the volume of sales rose 2.1 per cent compared with December last year, analysts forecast a large monthly increase, with the expectation of a 1 per cent rise. Rising prices were blamed for the smaller than expected increase.
The estimated total value of sales in December 2009 was £35.3 billion, rising 0.9 per cent compared with November and up 3.6 per cent compared with one year ago.


Securities certificate available to schools

The Chartered Institute for Securities & Investment’s certificate will be available to students at secondary schools and colleges from September. The qualification, an introduction to securities and investment, has two units covering bonds, derivatives and financial services regulation and a research-based project com- ponent. The certificate has received a Ucas tariff, which allocates points to […]

No pay rises at FSA but bonuses will continue

The vast majority of FSA staff will not get a pay rise this year but the regulator has confirmed that it will continue to pay bonuses. In an internal email to staff, FSA chief executive Hector Sants said the regulator had not put aside funds for pay increases this year. The email says: “There will […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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