Archive for July, 2015

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How safe is my company money? – update

UPDATE: On 3rd July 2015 the Treasury announced that the amount per person and per banking licence protected will be reduced from £85,000 to £75,000, and this change will happen on 1 January 2016. This is because the amount is designed to be equivalent to...

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How safe is my company money?

The fscs (Financial Services Compensation Scheme) is the body that covers people’s deposits in banks, in case those banks fail. The rules are broadly that if you have £85,000 or more in a UK bank, and it fails, the first £85,000 is protected – you’ll not lose the...

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