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Property investors: Interest relief will be abolished by 2020

From April 2017, property investors and landlords will be subject to what has been labelled as the Chancellor’s “biggest attack” on the UK’s buy to let market. There’s no denying that purchasing property to let has become more expensive than …

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Some love lost in February’s retail sales

Despite strong Valentine’s Day sales, the Retail Sales Statistics for February 2017 released today were not enough to keep falling figures at bay. With Valentine’s Day sales making the retail industry around £1.6bn, there was still an underlying sluggish trade pattern, as 3 month on 3 month sales activity decreased by 1.4% for the second month in a row – the largest decrease since March 2010 and only the second fall since December 2013. Phil Mullis, Partner and Head of Retail and Wholesale at top-20 UK accountancy firm, Wilkins Kennedy, commented: “February was actually ok compared to the dismal growth in February 2016. This time, rising food prices helped drive inflation."

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