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Savings accounts liable for tax ‘quadruples’ in four years – how to ‘minimise’ burden | Personal Finance | Finance

Following significant month-on-month interest rate hikes since the start of last year, millions more savings accounts are now liable for tax, reports show. Higher interest rates, which are largely a product of successive Bank of England Base Rate rises, paired with frozen personal allowance (PSA) thresholds, are dragging many more …

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US federal budget deficit projected to double this year

ESGI Financial President and CIO Ed Siddell discusses the nation’s consumer debt predicament and analyzes the gold trade on ‘Varney & Co.’ The U.S. federal deficit is projected to nearly double this year as a result of higher interest rates and lower tax revenue. The gap between what the government …

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