Others simply borrow to gift money to their children or grandchildren." Changes to inheritance tax announced by the government last year are also causing homeowners to change behaviour.

After deducting basic rate tax of 20%, the net return drops to 3.64%. On a £20,000 deposit, that equates to £728 in interest—compared with £852 from the leading one-year cash ISA, which is ...

Wealthy owners have increasingly opted to rent out their homes instead of selling them, particularly those leaving the country before the scrapping of the non-dom tax ... did not print a receipt.

BP was the biggest loser, dropping 1.7% and continuing a poor run of form that has seen the company's share price fall by more than a fifth this week. Elsewhere in Europe, markets were also ...