Whether you are a saver, an investor or someone with a large mortgage (or all three), your finances will be affected by the direction of the Bank of England base rate this year. So, what are rates predicted to do in 2023, and how will it affect your money?
On the bluest day of the year, here’s how to brighten your finances – and your mood. Instead of seeing ‘Blue Monday’ as a day to be feared, why not use the day to brighten up your finances with a few well-chosen decisions: that could improve your life for the rest of the year?
As we make our way into 2023, many of us will be thinking about making New Year’s resolutions. But while many of us think about resolutions that will improve our health or appearance, few of us consider that making financial resolutions could have a huge impact on our wellbeing.
When Jeremy Hunt stood up to deliver the much-anticipated Autumn Budget statement, he flagged the fact that he would have to take difficult decisions. He has outlined several measures that will affect all of our incomes, with many of us paying higher taxes on everything from our income to our capital gains. Here is what will change.
Sometimes it feels like the cost of absolutely everything is going up, and the current inflation rate, running at over ten per cent, seems to bear this out. However, there are still some parts of your household budget where you can bring down your costs. Here are some of the most useful.
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 Chancellor Kwasi Kwarteng’s decision to scrap the 45p rate of income tax for higher earners was withdrawn on Monday after Kwarteng said it had become "a massive distraction on what was a strong package".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.
