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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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It was a “Mardy March” for retail sales

This morning’s Retail Sales Statistics for March 2017 revealed a month-on-month drop in sales, despite the spike in spending for Mother’s Day. Phil Mullis, Partner and Head of Retail and Wholesale at top-20 UK accountancy firm, Wilkins Kennedy, said: “Despite a spending increase year on year of around 5.1%, the amount spent actually dropped during March 2017. Even though retail events such as Mother’s Day could lead to expectations of sales increases, it was not enough. We also have to bear in mind that, compared to last year, Easter was held a month later – so any sales that were made during March 2016 for Easter would have been put back to April this year, and may be an explanation as to why the figures seem to have dropped."

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