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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Zoopla: House prices slows to 1.4% in May as rate of sales at four year highThe average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
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FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
