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With George Osborneâs Autumn Statement and the strike by public sector workers happening almost simultaneously, an announcement by Pensions Minister Steve Webb about auto-enrolment in pension schemes was never going to grab the headlines. However, the announcement does have significant implications for Britainâs small businesses.
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When you realise that the âItalian 10â trending on Twitter refers not to Antonio Cassano's goal against Northern Ireland but to the yield on the Italian 10 Year Bond, then you know the European debt crisis â and the consequent turmoil on the world stock markets â remains alive and well.
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The key announcements by the Chancellor are outlined in our summary.
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The RAC's annual Cost of Motoring index has revealed the average cost of keeping a car on the road to be a staggering ÂŁ6,689 per annum, a rise of 14% (ÂŁ819) on last year. That's an average of ÂŁ128.64 per week and 55.74 pence per mile, but however you dress it up it is surely a hefty blow to Britain's already cash-strapped motorists.
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According to a new Which? report, many high street banks and building societies are giving poor advice and recommending inappropriate investment products to elderly and potentially vulnerable consumers. Which? researchers, in an undercover investigation, found that only five out of 37 advisers in banks and building societies gave good advice about investments.
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