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BUDGET 2008: Darling calls for long-term fixed choice

House buyers need a greater choice of long-term fixed rate mortgages, says Chancellor Alistair Darling.

He wants greater long-term fixed rate deal choice, including 10, 15 and 20-year deals.

He referred to research, which he claims reveals that long-term fixed rate mortgages can reduce some of the risks of taking out a mortgage, especially for first-time buyers and lower income families.

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BUDGET 2008: Chancellor increases booze tax

The chancellor has pledged to increase taxes on alcohol by 2% above inflation for the next four years. Tax on beer will increase 4p a pint while 14p will be added to a bottle of wine and 55p to bottles of spirit.

Friends Provident pre-tax profit dives 97%

Friends Provident, the ailing UK insurer, has revealed a pre-tax profit of £16m for 2007 – a whopping 97% down on 2006. Profit declined from £509m in 2006 on a European Embedded Value basis. Under EEV, an insurance company’s current worth is calculated according to future assumptions about certain rates, including mortality and investment performance, […]

Lifebox rolls out Origo system

Lifebox, Personal Touch’s directly authorised protection proposition, has rolled out the Origo Adviserwise system to its broker members.

Seeking fairness

The criticisms recently levelled at the private search industry are unjustified as search firms are governed by a strict code of conduct, says Fiona Hoyle

Artemis Investments’ Outlook for 2016

Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis’ managers share their views. Click here to read the full article

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