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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Royal Mail's first-quarter revenue grows one percent

Reuters
A Royal Mail postal van is parked outside homes in Maybury near Woking in southern England March 25, 2014. REUTERS/Luke MacGregor

(Reuters) - Britain's Royal Mail Plc (RMG.L) said its first-quarter revenue grew 1 percent, and that it remained focussed on operational and financial efficiency as competition remains fierce in the domestic postal and parcel markets.

The former monopoly said volumes and revenue at its European parcels arm GLS grew 13 percent, offsetting a 1 percent fall in revenue in the UK.

(Reporting by Mamidipudi Soumithri and Esha Vaish in Bengaluru; Editing by Sunil Nair)