Britons are finding ways to save money as spending in discount stores has shot up by 41 percent compared to last year. This is according to customer data from Nationwide Building Society, the UK’s largest building society. Nationwide says that people are turning to bulk buy and discount retailers as the cost of essentials continues […]
Bailey said that consumer price inflation (CPI) doesn’t have to fall to the BoE’s target of two percent before it starts cutting interest rates. I was stunned. Truly. That’s the first flash of common sense I’ve seen from the governor in ages. It raises hopes that the UK will see the first base rate cut […]
A hotelier has urged for Chancellor Jeremy Hunt to bring in tax cuts including a redution in the VAT rate in the Spring Budget. Steven Hesketh, founder of The Hospitality Hero, told Express.co.uk: “I would like to see a flat drop in VAT to 17.5 percent to give everybody a leg up so to speak. […]
Tax experts are warning that HMRC is ramping up its checks into IHT tax filings in a drive to unearth errors and underpayments. Basic errors in calculating this complex tax could attract harsh penalties. HMRC on the hunt for families who haven’t paid the correct amount of inheritance tax, reports suggest. Its beefed-up investigations team […]
The DWP has issued a response to calls for the tax-free allowance for pensioners to be increased from the current £12,570 to £15,000. DUP MP Gavin Robinson asked in Parliament if the Chancellor would assess “the potential merits of increasing the tax-free threshold for pensioners to £15,000”. Financial Secretary to the Treasury, Nigel Huddleston, issued […]
Banking giant HSBC has announced pre-tax profits rose by 78% – fuelled largely due to the high interest rates. Its pre-tax figures show profit rose to £23bn ($30.3) in 2023, up from £13.8bn ($17.5) in 2022. It comes as banks across the world rose interest rates to help curb rising prices over the last 18 […]
Martin Lewis has urged people to check if they or their loved ones are missing out on a “really important” DWP benefit, which could potentially provide them with thousands of pounds extra a year. The support, otherwise known as Attendance Allowance, is one of the Department for Work and Pensions’s (DWP) most underclaimed benefits, despite […]
E.ON Next customers who have signed up to its Pledge tariff are on track to save more than £14million on energy bills over the year, the firm has announced. This is due to the tariff offering a guarantee that prices will always remain £50 below energy regulator Ofgem’s energy price cap. Almost 300,000 customers have signed […]
Four in 10 have taken on a significant extra workload outside of their usual remit (Image: Tetra Images/Getty Images) Four in 10 employees are taking on significant extra responsibility in the workplace – averaging an additional five tasks, on top of their day-to-day duties. The toll of this added workload equates to an average of […]
The average Stocks and Shares ISA fund experienced a growth of 2.8 percent between February 2023 and February 2024 (Image: Getty) Cash ISA returns have beaten Stocks and Shares ISA growth for two years in a row, new data shows. The average Stocks and Shares ISA fund experienced a growth of 2.8 percent between February […]
