The Bank of England raised the Bank Rate by 0.75 percentage points this week, in an attempt to control inflation. We now have the highest base interest rate for 14 years, which will affect all aspects of our financial lives. Here’s what the change might mean for you.
While the pound has stabilised slightly since Liz Truss announced she was leaving her position as Prime Minister, it cannot be denied that the sterling does not hold the purchasing power overseas that it once did.
While the government has capped energy prices, our bills are still likely to be far higher this winter. As the thermometer drops, here are some ways to ensure your home, and your finances, are prepared for the colder and darker months.
It was no sooner announced than it was gone. Chancellor Kwasi Kwarteng’s decision to scrap the 45p rate of income tax for higher earners was withdrawn on Monday after Kwarteng said it had become "a massive distraction on what was a strong package". Here’s a rundown of what to expect – barring any more U-turns.
The Government has announced a huge number of economic changes that will affect everybody’s finances. The mini-budget includes tax cuts, as well as changes to the rules around business taxation. Here’s what has been announced, and how the changes could affect you.
It feels like we have been hearing the ‘R’ word for longer than we would care to mention, with economists checking every piece of economic news to find out whether we are in recession or not, and trying to forecast when, or if, this will happen.
As we mentally prepare for coins and notes bearing the head of King Charles III, here are some of the ways in which our finances have changed since the beginning of the late Queen Elizabeth’s reign.
Dealing with the looming energy crisis this winter has been the priority for new Prime Minister Liz Truss. One of her first moves was to announce a new policy that will cap everybody’s energy bills from October. Here’s what you need to know about how it will affect you.
Parents of 18-year-olds across the UK are preparing for their children to fly the nest to university this month. But with household bills rising, helping their children to afford to live as students is an expensive business.
