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Universal Credit criticised by spending watchdog

The Government's welfare reform programme - Universal Credit (UC) - has suffered from 'ambitious timescales' and 'weak management', according to a report by the National Audit Office (NAO).

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Parents spend £180 on new school year

Parents of school children aged five to 16 years-old spend an average £180 per child equipping them for the new school year, research from YouGov has found.

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Pocket money paid by three quarters of parents

Almost three quarters of all UK parents pay their children pocket money, according to a survey by insurance provider Aviva.

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Mortgages at most affordable for 14 years

Mortgages are at their most affordable in 14 years, with payments accounting for just over a quarter (27 per cent) of a new borrower's income in the second quarter of 2013, research from the Lloyds Banking Group has found.

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Teach tax in schools, say tax groups

Basic tax education should be taught in schools, two leading tax groups have told the Department for Education (DfE) as part of a review into the national curriculum.

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17 per cent of homes without internet access

Four million UK households have no access to the internet, data from the Office for National Statistics has shown.

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£3bn paid in inheritance tax in 2012/13

Inheritance tax cost families and individuals more than £3 billion in 2012/13, according to figures from the Office for National Statistics (ONS).

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More over-55s using equity release to fund retirement

Growing confidence in the housing market and the need to supplement retirement income is causing a large rise in the number of over-55s turning to equity release to free up cash from their homes.

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Help to Buy mortgage guarantee details confirmed

The second stage of the Government's Help to Buy scheme will not be available to second-home buyers, Chancellor George Osborne has confirmed.

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First-time buyers in lengthy deposit wait

A young, single person in England faces a 14-year wait to save for a deposit to buy their first home, according to an independent report commissioned by housing charity Shelter.

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