Digital Bank Monzo has launched a new cashback feature to help customers earn some money back on purchases ahead of the festive season. The new feature allows customers to typically earn between two percent and 10 percent on purchases from everyday merchants, including ASDA, Boots and Deliveroo. Depending on the retailer, customers may be able […]

Jeremy Hunt will preside over an eye-watering hike in stealth taxes, despite pledging tax cuts from the dispatch box. While the Chancellor confirmed a large cut to National Insurance rates – from 12 percent to 10 percent – the Treasury is reaping in billions through a policy of “fiscal drag”. The Government is now being […]

Following the Chancellor’s Autumn Statement today, we explain who can make financial gains, and who is most hit. Drinkers, benefits claimants and pensioners are among the winners in today’s speech. Jeremy Hunt vowed to “reduce debt, cut taxes and reward work” as he unveiled a package aimed at helping low-income Britons save money, as well […]

New research has named Turkey as the best place to retire in Europe. The decision is based on numerous lifestyle factors such as affordability, healthcare, and earning potential. Experts at Property Guides named the country an exceptionally cheap place to live, particularly for those looking to live along the Mediterranean. British retirees will find that […]

The sizeable increase to the National Living Wage could actually harm the prospects of vulnerable and low pay workers, an expert has warned. The wage is increasing by almost 10 percent to £11.44 a year from next April, with the wage also being expanded to include all workers aged 21 and over. Those aged 21 […]

The plans to reform the DWP’s Work Capability Assessment have been labelled “barbaric” by disability claimants as fears rise that they’ll lose extra support. Jeremy Hunt unveiled a number of new plans during this afternoon’s Autumn Statement to “boost the economy”, including a “Back to Work” plan to help more people into employment. The Chancellor’s […]

The first thing to say is let’s not be too hard on Hunt. The country has an awfully big debt that needs paying down, giving him less wriggle room for tax cuts than he would like. Plus too much Treasury largesse risks triggering another inflationary surge. Let’s not be too easy on him, either, because […]

The Chancellor, Jeremy Hunt, has announced a 10 percent increase on hand-rolling tobacco. The price of hand-rolling tobacco will be hiked by the rate of inflation plus 12 percent from 6pm today. It is estimated the move will bring in an extra £40million for the Treasury in 2024. There was also no relief announced for […]

Jeremy Hunt has announced cuts to employee National Insurance from 12 percent to 10 percent. The cut will be introduced from January 6, 2024 and save millions of people around £450 a year. Jeremy Hunt told the Commons he would bring forward urgent legislation to Parliament to introduce the cut in national insurance for employees […]

Bond markets have wobbled ahead of Jeremy Hunt‘s Autumn Statement as investors wait to see how big the Chancellor’s tax cuts will be. The yield on the benchmark 10-year gilt climbed as high as 4.14 percent in early trading compared with 4.09 percent at the start of Wednesday (November 22). The yield is the return […]