January 31st is the deadline day for getting your tax self-assessment details back to the HMRC, if you’re unlucky enough to have to file your tax returns. But despite this date being the deadline for electronic returns (paper returns had to be in by 31st October 2008), you should apply before Wednesday 21st January to get the necessary passwords and activation codes, which are then sent to you via 20th century snail mail.
Category: Featured
Our Child Tax Credit Nightmare
Both my partner and myself received fantastic letters from Her Majesty’s Revenue & Customs this morning, to notify us that they were stopping paying us the zero tax credits that they’ve been paying us for the last couple of years. Yes, that’s right, two letters to let us know we weren’t going to receive anything, when we already hadn’t been receiving anything for the last few years.
Further 2,100 Barclays Jobs To Go
Following on from yesterday’s announcement of 2,100 job losses worldwide, of which it now appears that 500 will be in the U.K., Barclays has announced another 2,100 job cuts, this time in its retail and commercial banking divisions, all of which will be from the U.K..
Recession Watch: JCB, Wedgwood, Land of Leather & Wincanton
More depressing news on the job front, with JCB and Wedgwood confirming many job losses, and more redundancies likely at Wincanton and Land of Leather.
Recession Watch: Nissan Redundancies, Zavvi Store Closures
More bad news on the job front today, as Nissan has announced it is getting rid of 1,200 jobs from its Sunderland factory, and Zavvi shuts 22 of its stores with immediate effect.
A Positive View Of Today’s Interest Rate Cut
A lot of media analysis of today’s interest rate cut to 1.5% has been negative, focusing on the fact that it won’t mean the banks will lend more to businesses and consumers or get more foreign investment in. But what positives can be take from today’s announcement?
Interest Rates Cut To 315-Year Low
As expected, the Bank of England has cut the UK interest rate to a 315-year low of 1.5%.
This is the first time that rates have gone below 2% since the BoE was founded back in 1694, and reflects the fears of slowing inflation and possibly even deflation.
Recession Watch: M&S, Barclays, Car Sales and Cattles
There are four interesting stories to do with the recession today, concerning Marks and Spencer, Barclays, UK Car Sales and sub-prime lender Cattles.
R.I.P. Woolworths
So, as of this evening, Woolworths is no more – all of its stores have finally shut.
Planning Your Financial Year Ahead
If you haven’t made any resolutions this New Year, here’s a couple of ideas to help you through the coming year, which if last year was anything to go by could, financially, be very tricky for many.