The Bank of England is to hand staff a four percent pay rise despite Andrew Bailey telling Britons not to ask for wage increases to curb inflation. Staff at the BoE will be handed the four percent pay rise along with a one percent salary top up for 2024-25 as the central bank seeks to […]

Campaigners are calling for the personal allowance for income tax to be increased to £15,000 so people can keep more of their “hard-earned cash”. A Parliamentary petition has been launched which almost 2,500 people have signed at the time of writing, calling for the allowance to increase from the current £12,570. Increasing the allowance would […]

Shares in packaging company DS Smith have soared after it agreed to a £5.1 billion takeover by rival Mondi. This massive merger is set to create a paper and packaging giant worth over £10 billion. Last month, London-based Mondi revealed it was considering making a move for its competitor, which creates packaging for Amazon. This […]

Struggling Britons have taken £51billion out of their investment nest eggs in the past two years, it has been revealed. The figure taken out of stocks and shares rises to £108billion after withdrawals by large institutions are added to the equation. The figures, from the Investment Association, have revealed that Britons have scrambled to withdraw […]

A typical first-time buyer in 2023 would have needed to stretch their loan out for half a century to achieve the same level of affordability that they would have had across a 30-year mortgage term in 2022, the chief executive of finance and banking industry trade association UK Finance has said. David Postings told an […]

NatWest is going to help people who are hurt by others at home by giving them a safe place in over 360 of its bank branches all over the UK. They told everyone about this during a special week called UK Says No More Week (March 3 to 9 2024). This week is when we […]

Child Benefit changes could help parents build a staggering £48,639 nest egg, experts have said. Following changes announced in the Chancellor’s Spring Budget, the threshold for the High-Income Child Benefit Tax charge will be raised from £50,000 to £60,000 this April. This means that in the next fiscal year, someone who makes £60,000 who would […]

A freeze on tax thresholds means pensioners and high earners are the “biggest losers” after the new Tory Budget. Analysis from The Resolution Foundation found that pensioners “face a collective £8billion hit” as the government prioritises “poorer, younger households”. The Foundation found that the six-year freeze on income tax thresholds will result in an average […]

A survey shows that women are not as sure about investing money as men. Only 31 percent of women feel good about investing, while 44 percent of men do. The survey also found that 34 percent of women don’t have any savings to put into investments, but for men, it’s 28 percent. 63 percent of […]

The mini-Budget fiasco Truss inflicted on this country in September 2022, along with her chancellor Kwasi Kwarteng, almost destroyed us. Markets slid into turmoil, interest rates soared, the pound plunged and pension funds teetered on the brink of collapse. Truss managed all of that in just 44 days. It was a national humiliation. She did […]