58 results for "financial strain"

Council tax bills are expected to climb by £600 per year, delivering a cost-of-living shock to millions of households throughout the UK. Council Tax Warning: Funding Crisis Looms for Local...

UK rental prices soared at a record rate of 9.2% over the past month, while house prices stagnated, with London suffering the most. As well, rising borrowing costs continued to...

According to a campaign group, more than 6.7 million people in the UK are in financial difficulty as the cost of living pushes more families into debt. Rising Insolvency Rates...

Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...

Having trouble covering the costs of Christmas? If so, check out the grants and charitable programmes that offer grants to help you have a stress-free Christmas.

Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…

Seven out of ten disabled pensioners stand to lose £300 in energy bill assistance through the Winter Fuel Allowance. DWP Confirms Winter Fuel Payment Cuts Will Hit 1.6 Million Disabled...

The European Central Bank (ECB) has implemented its second interest rate cut of the year, reducing its main rate to 3.5% from 3.75%. This decision follows a widely expected 25...

The Household Support Fund (HSF) is offering one-ff cost of living payments to millions of households facing financial challenges. Residents Urged to Apply for Cost of Living Payment Assistance Before...

The Department for Work and Pensions (DWP) has been urged to increase the support it provides to carers following criticism that current payments are insufficient to cover costs. DWP's Carer's...

The Department for Work and Pensions (DWP) and the UK Government are urging Welsh pensioners to check their eligibility for a potential increase of £900 a year as part of...

Car insurance experts are pushing for big reforms to be made in order to assist drivers who are faced with overwhelming costs, amid concerns that disadvantaged motorists are paying the...

Jeremy Hunt's recent Budget 2024 announcement includes a strategic manoeuvre: a 2p reduction in national insurance rates. This decision aims to boost both his declining approval ratings and revitalize the...

UK Chancellor Jeremy Hunt's Budget 2024 announcement may have left you wondering about the impact on your finances. Substantial changes are on the horizon, with key measures on tax, benefits,...

Last month, the UK construction industry showed glimpses of stability, offering a glimmer of hope after enduring more than two years of turbulence, according to a recent survey. Despite this...

In the wake of the UK's confirmed recession and persistent cost of living challenges, low-income families are grappling with financial strain. Research from the Joseph Rowntree Foundation reveals alarming levels...

As local authority funding faces an acute crisis, fresh analysis reveals an alarming trend: the overwhelming majority of councils across the UK are gearing up to enact maximum council tax...

Despite recent efforts to stabilize inflation, complaints persist among UK households as they continue to feel the impact of rising prices. The Consumer Prices Index (CPI), which peaked in 2022,...

In the revered halls of the UK's premier agricultural research institution, a storm brews. The institution faces a looming funding abyss, casting a shadow over its groundbreaking work and placing...

Rising energy and grocery bills are placing significant financial strain on pensioners, emphasizing the urgency of bolstering retirement savings. Amidst escalating living costs, pensioners find themselves grappling with the necessity...

Upcoming rail strikes in the north of England will halt all Northern and TransPennine Express services on Wednesday, causing widespread disruptions. The Night Time Industries Association highlights the substantial economic...

The challenges surrounding housing in the United States have reached unprecedented levels, as recent data from Harvard University reveals a significant and concerning trend. A growing number of Americans are...

Travelers to France, prepare for a budget bump! Your flight tickets are poised to become pricier in 2024. This increase stems from a new tax introduced by the French government,...

Pressure mounts on Chancellor Rachel Reeves to adjust State Pension, but experts warn of long-term economic risks and the potential depletion of pension funds.

Hundreds of thousands of people claiming benefits from the DWP have been hit with an unexpected bill, facing debts of £20,000. DWP Seeks Repayments from Carers Over Benefit Overpayments As...

Labour’s changes to Winter Fuel Payments are being challenged by over 260,000 people. Initially, the scheme was available for almost every British citizen born before 25 September 1957, and it...

BBC TV licence holders have been told that they might be entitled to a free licence or a 50% reduction if they meet certain requirements This adjustment can help many...

New figures reveal that claims made to the Department for Work and Pensions (DWP) have seen a noticeable rise. The significant demand for the disability benefit arises as new reforms...

A 'cruel' Department for Work and Pensions (DWP) benefits cap will result in hundreds of thousands additional households losing £4,300 per year. The Growing Impact of DWP's Universal Credit Rule...

At a time when rising council tax, broadband and mobile phone prices, as well as pressures on family finances, have put a strain on customer spending growth, a report suggests...

UK inflation fell to 2.3% in April, marking the lowest percentage for almost three years, but the fall was less than expected, dashing expectations of an interest rate cut much...

Nationwide has "doubled" an essential customer benefit as part of a substantial cost-of-living increase. Nationwide, the UK's largest building society, which competes with Lloyds, HSBC UK, Santander, NatWest, and others,...

A recent analysis commissioned by Microsoft predicts that if the UK embraces cloud computing and artificial intelligence (AI), the country's GDP could increase by £550 billion by 2035. The study,...

A report by the UK's spending watchdog, the National Audit Office, has revealed that taxpayers have spent the equivalent of 800 years on hold with HM Revenue and Customs (HMRC)...

UK universities have recently reported a significant decline in foreign students' numbers, amid warnings that further student visa restrictions would restrain a vital flux of talent for the nation's creative...

Chancellor Jeremy Hunt's government recently made an announcement that should bring much-needed relief to thousands of struggling households across the UK. A £421 million support programme, Household Support Fund, is...

The governor of the Bank of England has indicated that the UK is still on track for an interest rate cut, as official numbers show a further slowing in the...

Britain's economic vitality is under the microscope as the decision by the public sector to adopt a four-day work week generates much discussion and concern. Indeed, the Welsh Government, backed...

Mental wellbeing has become increasingly important for overall health in our rapidly changing world. The UK, despite being a developed nation, faces several challenges in this area. A recent survey...

The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...

Apple faces a substantial setback as its market value plunges by over $78 billion (£61bn), responding to a €1.8bn (£1.6bn) fine imposed by the European Union.  Apple Faces Market Turbulence...

As the eagerly anticipated Budget announcement approaches this Wednesday, Jeremy Hunt has dropped hints suggesting a potential introduction of tax cuts. This strategic move, if implemented, could have significant implications...

The impending challenge of funding a substantial wave of retirements has grown too significant to overlook. As the ageing population increases, the strain on state pension systems becomes an undeniable...

Employment opportunities have declined significantly, experiencing a notable 15% drop. This downturn comes amidst a backdrop of escalating borrowing costs and a broader economic recession within the UK. Employment Opportunities...

UK motorists have faced a significant £2 surge in petrol prices this month, attributed to escalating fuel costs amidst the ongoing Red Sea attacks. This sharp escalation underscores the susceptibility...

The Bank of England faces the peril of exacerbating the UK's recession unless it promptly reduces interest rates to alleviate the strain on households grappling with the relentless cost of...

Britain's system faces the stark reality of struggling to meet the needs of an ageing population, warns Andy Briggs, the chief executive of life insurer Phoenix Group. Retirees are at...

Following recent allegations of contract breaches by the Aslef union, train drivers from both Northern and LNER have announced plans to commence a series of strikes in the coming month....

In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more...

Economists, including those at the National Institute of Economic and Social Research (NIESR), warn that the Bank of England's reluctance to share its plans for interest rate cuts may lead...