UK economy slides back into recession
The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.
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What is a recession?
A recession is defined as when there are 2 consecutive quarters where gross domestic product (GDP) falls. (This fall is
What is GDP?
Gross Domestic Product (GDP) is equal to total spending, plus the value of exports, minus the value of imports. Changes
What are the ISA limits for tax year 2012/13
The ISA limit for tax year 2012/13 is £11,280. Up to £5,640 of this limit can be invested in a
When does the 45% tax rate come into effect?
Additional rate tax (for earnings over £150,000) will move from 50% to 45% from April 2013.