Savers will soon be able to open a British Savings Bonds after the new savings account was announced in Jeremy Hunt‘s Spring Budget yesterday. NS&I has released more details about the account, which will allow savers to invest their funds into UK companies to help grow the economy. The account will offer a three year […]
Capital Gains Tax: What it is, when you have to pay and new rules after the Budget (Image: GETTY) Capital Gains Tax (CGT) is a vital part of taxation in the UK that impacts people who sell assets, such as property, stocks, or businesses at a profit. Personal allowances for this tax began shrinking last […]
A single mum from Leeds has had to pay more than £91,000 extra after she became trapped on high-interest mortgage rates following the collapse of Northern Rock Bank. Mortgage prisoner Rebecca Wendel, a self-employed hairdresser, is currently facing a staggering 9.79 percent interest rate, resulting in monthly payments of £2,150. This marks a significant increase […]
A WASPI generation state pensioner who has just started claiming her state pension is being forced to continue working full time to make ends meet. Linda Southall, 66, from said she was disappointed there was no help for pensioners in the Spring Budget this week. Chancellor Jeremy Hunt decided to cut National Insurance by 2p […]
The Household Support Fund has received a six-month extension, the Chancellor announced in his Budget yesterday. During his Budget speech on Wednesday, Chancellor Jeremy Hunt told the Commons: “Next, the Household Support Fund. It was set up on a temporary basis and due to conclude at the end of this month.” He said he had […]
Average UK house prices rose by 0.4 percent in February, marking the fifth monthly increase in a row, Halifax said. Property rices grew by 1.7 percent annually, compared with 2.3 percent the previous month. The average UK house price was £291,699 in February, around £1,000 more than the previous month. However, some regions are still […]
The High-Income Child Benefit Charge threshold will be raised from £50,000 to £60,000 and the taper will extend up to £80,000, Chancellor Jeremy Hunt has said. The charge applies when an individual in a claimant household has an income above the threshold, after which they have to start paying back the benefit. Sarah Coles, head […]
Chancellor Jeremy Hunt announced a new “British ISA” to give investors a £5,000 extra tax-free allowance to “encourage more people to invest in UK assets”. Mr Hunt also said he intends to reform the ISA system to encourage more people to invest in UK assets. He said: “After a consultation on its implementation, I will […]
What the Budget 2024 means for your pocket: Martin Lewis’ instant analysis – National Insurance cut, frozen tax rates, Child Benefit boost, no LISA change & more pic.twitter.com/MDeHobDh5Y — Martin Lewis (@MartinSLewis) March 6, 2024 Martin Lewis has published a video to dig into the details of the Government’s newly announced Spring Budget. This afternoon, […]
Activity in Britain’s house building sector is at its highest level since November 2022, according to data from the closely watched S&P / CIPS PMI series of economic indicators. The purchasing managers index (PMI) score for residential construction was 49.8 in February, up from 44.2 the month before. A PMI score above 50 indicates that […]
