Shares in UK financial giant Lloyds Banking Group, which is 41 per cent-owned by the UK tax payer, took a hit following reports that the company is about to slash its share of the UK mortgage market by three percentage points.
The plans, which would see the bank's share reduced to 25%, are said to have been announced by Chief Executive Antonio Horta-Osario during a call with analysts on Tuesday.
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'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
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Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
