The phrase fiscal cliff' was coined to capture the large and predicted reduction in the US budget deficit expected as specific laws kicked into effect from 2013.
In combination, these laws would put a big squeeze on the US economy as the combined impact was to increase taxes (in some cases by ending existing tax breaks originally designed to stimulate the economy) and also reduce state expenditure.
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What is driving car insurance premium hikes?Claim costs rather than insurer profits that are pushing up car insurance premiums, the City watchdog finds
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Beware inheritance tax gifting rules – 220 families left with shock bills after errorFamilies can give away assets during their lifetime to reduce inheritance tax liabilities, but failing to meet gifting rules could trigger unexpected inheritance tax bills
