In the aftermath of banking collapses & mergers, there will quite a few bank closures on high streets of Swindon & beyond.
Cheltenham & Gloucester will disappear as a high street presence with the closure of 164 branches with the loss of 833 jobs.
The new Lloyds Banking group now owns the former Halifax Bank of Scotland branches too.
Santander, the Spanish bank now owns Abbey, Alliance & Leicester and Bradford & Bingley. It is likely that the branches in each town will be merged into one.
In Swindon, we have already seen the closure of Portman and Woolwich branches due to mergers in recent years.
Posted by Sean Wilson, APFS, Independent Financial Advisers (IFA), Swindon, Wiltshire.
What is dead cat bounce? A term much used in financial circles these days.
In the aftermath of banking collapses & mergers, there will quite a few bank closures on high streets of Swindon & beyond.
It was Gordon Brown's famous pronouncement in 1997 & over 100 times since. It worked until 2002, the economy was doing well and he kept spending under control as chancellor. 25% of the tax the Treasury received in Corporation Tax (the tax companies pay on profits) was from the City of London
£1 388 000 000 000 is the amount of money the Bank of England & Treasury have spent on bailing out various banks.
One of the big areas you can save money on income tax is by putting the money into a pension rather than taking it as salary. Currently you could save up to 40p tax for every £1 in salary.
One of the controversial aspects of the Budget was the introduction of a new 50% tax band for people earning more than £150 000 a year.
One of the welcome parts of an interesting & scary budget was the change in ISA allowances.
