288 results for "inflation"

How does contracting out your additional state pension affect your retirement benefits, and what should you look out for?

Rachel Reeves' proposed freeze on the tax threshold could cost families more than £16,500, with analysis revealing hidden financial burdens.

Martin Lewis issues an urgent six-month warning, revealing a lucrative opportunity for millions nearing retirement to secure a significant pension boost.

Significant changes are on the horizon for mortgage rates, as Barclays prepares to implement increases across various fixed-rate deals.

State pensioners face income problems even after a threefold increase, as the loss of the winter heating allowance offsets the gains.

Disability benefits will increase next April, with PIP, ADP, and DLA going up by 1.7%. More details will be confirmed on October 30.

UK employers are concerned that higher national insurance could make it harder to hire and raise wages, affecting pubs and restaurants.

This week, millions of pensioners await crucial CPI figures to determine their State Pension increases for 2025/26, which may significantly impact their finances.

The UK economy grew by 0.2% in August; however, concerns remain as the budget approaches on October 30.

State pensioners are being warned by HMRC that they could be hit with a £665 tax bill, which includes those who have lost Winter Fuel Payments.  

Over 800,000 people in the UK are benefiting from the Motability Scheme, which provides affordable leasing options for vehicles and mobility aids to disability benefit recipients.

State pensions in the UK are expected to rise by up to £461 in April 2025, thanks to a 4% wage growth under the triple lock system.

Mortgage rates under 4% are returning as competition heats up, offering better opportunities for first-time buyers amid Bank of England's rate hold.

The pound dropped sharply after the Bank of England's governor signalled the possibility of more aggressive interest rate cuts if inflation continues to cool, amidst concerns over the Middle East…

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.

Personal Independence Payments (PIP) claimants will soon receive an additional payment in their bank accounts before the winter season.

State pensioners may miss out on a £400 increase in payments as uncertainty surrounds state pension adjustments for next year.

UK households will experience a set of changes in October 2024, which will impact various financial rules and support payments.

The DWP is informing people about available support to cope with rising living costs as many families face higher bills for essentials like heating, food, and mortgages.

Drivers are set to benefit as Saudi Arabia plans to increase oil production, causing Brent Crude prices to drop. This move has already led to lower fuel prices at the…

British drivers will face higher car taxes from April 2025, including Vehicle Excise Duty for electric vehicles and added costs for luxury models.

Serps, or the State Earnings-Related Pension Scheme, was introduced to help workers earn additional pension income. Although it was replaced in 2016, many pensioners still receive Serps as part of…

Parents earning less than £60,000 a year can now receive increased annual cash support thanks to recent updates in HMRC regulations.

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...

Under the triple lock, the full new state pension should increase by over £500 to £12,020 per year starting  April 2025. However, this amount is still far below  what is required...

Many petrol and diesel drivers could be forced to ditch their vehicles and switch to other modes of transport as new pay-per-mile tax changes are set to be introduced. New...

A report claims that the new full state pension will increase by over £400 per year. According to the BBC, Treasury calculations show that the pension might be increased as...

A continuing cost-of-living crisis has gripped the people of the UK, ringing in difficulties in day to day life expenses for millions of families. Whether it's shopping or even making...

As many struggle with the rising costs of living, Brits are being reminded to ensure they are receiving all the financial assistance they are qualified for to. This year, DWP benefits increased...

Over 12million retirees are expected to see their income rise by 4.5% starting April 2025. They were previously hoping to get 5.7%, however, those hopes have rapidly been crushed as...

Recently released figures show that the expected £655 pay rise in April 2025 is unlikely to happen. Instead, people can now expect £11.50 less per month than originally anticipated. Under...

There’s been a persisting inflation over the last couple of years such that many people in the UK are struggling with payments, afford basic requirements and have a roof over...

According to the latest figures issued the Office for National Statistics (ONS) on Tuesday, average regular earnings growth decreased by to 4.5% (with bonuses) in the three months leading to June. This...

Starting from October 21, 2024, a new disability benefit will be introduced in Scotland to replace the Attendance Allowance for people over State Pension age. The benefit will first become...

Individuals born in these specific years are set to experience a 12-month delay in receiving their state pension due to policy changes. State Pension Changes May Affect Individuals Born in...

After the Winter Fuel Payment was abolished, British Pensioners who receive the state pension have become more concerned about getting the most from the Department for Work and Pensions. This...

A savings expert cautions that UK bank account users must act prior to August 1 to receive high interest rates on their investments. Expert Insights on High Savings Rates Ahead...

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...

The research shows that by 2026 million pensioners could suffer from so-called “retirement tax” on their state pension. Labour will hold the current tax threshold at £12,570 up to 2027-28....

Inflation has been on the rise in recent years, with cost of living crisis that has made prices to go up, which have burdened millions of households from payment of bills...

A recent survey conducted by Just Group, which is a specialist in the later life, on 1,050 retired and semi-retired individuals has revealed that there is a significant lack of...

According to the latest statistics from the Department for Work and Pensions (DWP), State Pension currently provides regular financial help for 12.7 million seniors across the country, including more than...

UK retail sales fell last month as cold weather discouraged consumers from purchasing summer season items and gardening supplies, in spite of strain easing on families amid a slowdown of...

Millions of employees are set to receive an important increase in their wages under the Labour government. The party has rolled out plans to revamp the minimum wage, providing a major...

Following the Labour Party's victory in the general election on 4 July, millions of older people in the UK can expect the triple lock policy, which guarantees safe payments of...

Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...

Starting April 2025, state pension claimants could see a significant boost, with an increase of up to around £937, as Triple Lock's recent projections suggest. Final figures will be confirmed...

According to Office for National Statistics (ONS) the UK inflation rate for May fell to its lowest point in almost three years. The Consumer Price Index (CPI) dropped to 2.0%...

Over one million state pensioners can expect to get a series of additional payments amounting to £368.75 later this year. State Pensioners Can Expect Up to £368 to Hit Their...

UK shop prices fell slightly between May and June. Yes, they fell, but not by much compared to last year. This trend seems to indicate that the next government may...