We are all getting used to the spectre of rising prices, but one recent forecast stopped even the pessimistic in their tracks. Economists at Citi believe that inflation will reach 18.6 per cent early next year, as the continued war in Ukraine pushes up energy prices.
Pet ownership soared during the pandemic, as families stuck at home searched for companion animals to share their lives. But as the cost-of-living crisis begins to shrink our disposable income, more people are abandoning the pets that they can no longer afford to feed and care for, because of rising bills.
As the UK nears the beginning of a ‘Winter of Discontent’, there are already murmurs about what might happen to house prices due to rising inflation and falling consumer spending power. Here is what is happening now, and what might be on the horizon.
With the predictions for this winter’s energy prices growing higher by the month, experts and politicians are wrangling over the best way to help Britain’s households to weather the storm. Here are the top contenders and how they might affect your bills
New government figures suggest that there is £1.5 billion owing from underpaid state pensions. But how can you tell if you, or a relative, has been affected, and what can you do about it? This guide can help you to find out.
As the Conservative Party chooses our next Prime Minister, our bank balances wait with bated breath to discover what is in store for them. Although neither Rishi Sunak nor Liz Truss can do very much about the external factors affecting the cost of living at present, they have radically different views about how to tackle them.
Amid the melee of ministerial resignation that took place this month, that of Guy Opperman, Pensions Minister, was one that caused alarm bells to ring. Opperman is the longest serving Pensions Minister so far, and his move to leave his role could not have come at a worse time for the many pensions initiatives that are currently in train.
With the pound slumping against many major currencies this year, not to mention the cost-of-living crisis, going on holiday abroad will be more expensive than ever this year. But many of us pay more than we need to when spending money abroad, due to expensive fees charged on our credit and debit cards, or exchange fees when switching currencies while travelling.
There are many reasons why some of your money might be in a trust structure, including protecting money for a young person; ensuring that you do not pay too much inheritance tax; and shielding wealth in complex family situations.
