The Government is looking at plans to completely abolish inheritance tax. Reports suggest the Conservatives could go further than ever before with their proposal to abolish the hated tax entirely, rather than just reduce rates or increase the threshold. Scrapping IHT altogether would possibly create a clear tax dividing line with Labour ahead of the […]
Western economies have proved surprisingly resilient over the last few years, standing firm despite Covid lockdowns, the ravages of inflation and soaring borrowing costs. Astonishingly, the UK and US have both avoided a recession so far, even if former EU powerhouse Germany is facing a double dip. Yet politically, we live in volatile times, as […]
The Ofgem new price cap comes into force today with millions set to see their energy bills become more expensive. A household using a typical amount of gas and electricity will see their annual bill go up by £94. Energy regulator Ofgem has announced the annual bill for a household using a typical amount of gas […]
The Resolution Foundation warned 1.5million mortgage holders face an average rise in annual bills of £1,800 in the coming 12 months. Although the future is looking brighter with falling inflation, interest rate cuts and changes to tax, only the richest will benefit from the differences. The Foundation claimed the changes are set to leave the […]
Workers have revealed the top 10 little things that go a long way during their working day – including receiving a cake on their birthday, socialising at the end of the day, and a free lunch. A poll, of 2,000 employees, found getting help from a colleague even though they are busy, a pat on […]
‘I’m an finance expert – use January to boost your credit score and save big’ (Image: First Response Finance) Almost two-thirds of people in the UK don’t fully understand the impact of credit card behaviours on their credit score, new research shows. While nearly a third (31 percent) of people said they have a “strong” […]
Check your bank statements. Start by running through everything that comes in or goes out of your account, suggests Bella Caridade-Ferreira, founder of comparison site Compareandinvest.co.uk. “You might have subscriptions you no longer use or discover that you spend £60 on takeaway coffee every month, which equates to £720 a year. Put the money you […]
What is your top New Year’s resolution this year? Is it to get on top of your finances…finally? According to the comparison site GoCompare that resolution the fifth most popular one that Brits are making right now. Given the torrid time we’ve had with our money over the last couple of years, it’s not a […]
Savers can use banking app tools to help them save on a daily basis (Image: Getty) The Bank of England has kept the interest rate at its current rate of 5.25 percent over the past three months. The decision has come as little surprise but interest rates are still at their highest for the last […]
Wall Street, savings rates, the gold price and bond yields all rose in 2024, while cryptocurrency Bitcoin flew to the moon. Some individual stocks did brilliantly, with US chip maker Nvidia skyrocketing 238 percent. UK-listed aircraft engine maker Rolls-Royce almost matched that by growing a blockbuster 225 percent, making it the best performer on the […]
