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Kat Mitchell

Capital Gains Tax payments leap 42% to £14.3bn

Capital Gains Tax (CGT) receipts rose 43% to £14.3bn for the 2020/21 tax year, according to data from HMRC this morning.

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Shock as base rate hits 1.75% - highest since 2008

The Bank of England today raised its base rate by 50 basis points from 1.25% to 1.75%.

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Phoenix Group to acquire Sun Life in £248m deal

Savings and retirement provider Phoenix Group is to acquire closed-book UK life insurer Sun Life UK in a deal worth £248m.

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