The Bank of England raised interest rates to one per cent this month, a move that has already sent shock waves through the finances of those with high mortgages or other debts. Here are five things you should be looking at doing now.
With the stock market volatile and the cost of living rising, figures from Link that show that dividends paid to shareholders have dropped by a quarter look like more bad news.
We all know that the cost of day-to-day life is going up, but it’s not always possible to quantify the effect it is having on different areas of our lives.
Property experts have been trying to forecast the next hotspots for house prices for many years. Now computers have found a new formula – proving the adage that it is all about location, location, location.
After years of waiting, a monumental change to Britain’s divorce laws came into force last week. It will now be possible for married couples or civil partners to have what is called a ‘no fault’ divorce, where no-one has to cite infidelity or other poor conduct in order to initiate a split.
Last month, those who receive the state pension will find slightly more in their bank accounts. The amount paid to those who receive this benefit will rise by £5.55 a week or 3.1 percentage points. Those who get the full state pension will now receive £185.15 a week, up from £179.60.
As the tax year begins on April 6, all of us will have a new £20,000 ISA allowance, while many of us will also be able to put a further £40,000 into our pensions as well.
The advent of a new tax year always brings some financial changes. This year, most of us will feel worse off, since the end of a cap on energy prices and an increase in interest rates coincides with a rise in National Insurance.
By now, most of us will have received a communication from our energy supplier telling us that our bills are going up – and the price rises are likely to be greater than we have ever seen before.
