According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023's fourth quarter in comparison with a year earlier. Bank of...
Manchester airport flights are set to experience a price rise, following the Chancellor's budget announcement of a surge in air traveller duty to assist fund larger reductions to National Insurance....
The Office for Budget Responsibility (OBR) anticipates a notable economic development as inflation is projected to dip below the government's 2% target in the coming months. OBR Forecasts Inflation Dip...
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,...
In February, the combination of wet weather and persistent cost of living challenges significantly dampened retail sales, leading to a meagre growth rate of just 1%. Many households opted to...
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 Institute for Fiscal Studies (IFS) has warned that Chancellor Rishi Sunak's recent fiscal measures targeting workers and businesses are projected to result in an additional £100 billion in taxes...
As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain's extended public services will bear the burden of post-election spending cuts....
In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,...
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...
The resolution to Britain's growing public debt crisis demands a comprehensive fiscal overhaul. Despite this urgency, both the current Tory government and the anticipated Labour successor exhibit a notable reluctance...
Jeremy Hunt, has indicated that there will be limited space for tax cuts in the upcoming spring budget next month. This announcement comes shortly after the IMF cautioned the UK...
Jeremy Hunt remains committed to proceeding with tax cuts, despite the International Monetary Fund (IMF) cautioning that the increasing debt burden and NHS challenges render such cuts unsustainable for Britain....
Britain's energy suppliers are announcing a £500 million fund to help households with soaring winter bills. Is it a lifeline, or a short-term solution?
British tourists have been cautioned about a new “active outbreak” of a virus transmitted by bite-causing midges and mosquitos. British holidaymakers have been warned about the condition, which causes fever, chills,...
Approximately 12.7 million individuals in the United Kingdom are currently receiving State Pension, indicating a significant reliance on this fundamental form of assistance. As reported by the Department for Work and Pensions (DWP), the New State Pension, applicable to claimants post April 6, 2016, amounts to a maximum of £221.20 per week. For recipients of the Basic State Pension, the earlier iteration, the weekly amount is £169.50, contingent upon classification under Category A or B. The amount you receive is contingent upon the accumulation of National Insurance years prior to reaching the age of 66. A minimum of 10 years is required to be eligible for any financial benefits. Therefore, if you are approaching the age of 66, it is imperative to promptly assess your entitlements. Your State Pension age also serves as your Pension Credit qualifying age, yet there is a particular stipulation for men born before December 6, 1953. Should you seek information on when you are eligible to start receiving benefits, the 'Check your State Pension age' page on the GOV.UK website provides comprehensive guidance. Upon attaining State Pension age or Pension Credit age, certain benefits become inapplicable. According to Turn2us, specific benefits from the Department for Work and Pensions are no longer attainable. Here is an overview of the benefits that will continue and those that will cease upon reaching State Pension age. List of Benefits Pensioners...
July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....
Under the Triple Lock program, around 9.7 million pensioners receiving the Basic State Pension could see their weekly benefits increase by up to £40 per month. If the Conservatives and...
Tourist tax is becoming increasingly popular within the travel business, as more popular holiday destinations either start to apply the tax or discuss the possibility of introducing it. With the...
NatWest Bank is moving swiftly to increase the monthly fees associated with several of its packaged bank accounts. Customers will potentially have to pay an extra £60 a year. New...
Whether it is the food in your fridge or your monthly mortgage payments, inflation has seen costs rise sharply for UK households over the last two years. Just two years...
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...
After enduring years of austerity and weathering the storm of the Covid-19 pandemic, Britain's economic growth faces a daunting reality an ailing workforce and businesses grappling with recruitment struggles. The...
