According to Zoopla, the average UK rental price is currently £1,223 which is a +7.8% increase over the last year. Are rental prices rising higher than the growth of wages? The Guardian have reported that there is an expected further 13% increase in rental prices by 2027. The Office for Budget Responsibility have found […]
Each year in March or April providers will increase their prices which in the past have added a substantial cost to peoples phone bills. In 2024 the average increase has been around 7.9% on top of customers’ bills. Why? The prices always rise according to the Retail Prices Indec (RPI) or the Customer Price Index […]
Your mortgage is going to be a huge financial investment and something new to factor in to your budget and financial abilities. When deciding what mortgage to borrow both yourself and the lender will have to evaluate your current financial situation including any existing debt to decide what repayments you can comfortably make. Before you […]
A big move is expensive and everything you need will add up very quickly so it is vital you have started saving before you begin. You should try to save up to 3-6 months’ worth of living expenses so you can afford the move and to settle in. You will need enough to cover all […]
Why Pensioners have to pay income tax now The 2024 budget has stated the the triple lock system will be secured which allows the state pension to increase in line with inflation so that pensioners are able to afford the rising cost of living. This rise has now set the state pension to, £11,502 from […]
Each year the government reviews the minimum wage and in April each year they are updated. This year there will be a rise which will increase over 1 million people who are on the minimum wage currently. The House of Commons Library states that the rates are provided in regulations made by the secretary of […]
This year the EUROS begin again in June, hosted in Germany and set to increase spending across the UK again. In 2022 the UK viewers of the Euros reached 17.4m and globally there were over 300 million viewers. Where do people spend the most money? Pubs and restaurants are welcome hosts to fans across […]
The survey The British Social Survey has been running since 1983 to track the satisfaction of the British public for the health service. In 2023 only 24% reported satisfaction with the NHS due to waiting times and staff shortages being the biggest concerns. This is a record low since the poll began and has recently […]
Personal Finance Impact of a Labour Government. It’s highly likely to be election year this year and if the polls are accurate then Labour are in the driving seat to form its first government for 14 years with Sir Keri Starmer as prime minister, which could mean some significant changes for your investments and pensions. […]
If you are already receiving your pension or you are keen to keep on track of your pension plan options then you might be wondering what the triple lock system means. Triple lock pension This is the system which maintains the rising pension payments so they stay in line with the rise of inflation and […]
The amount that you can earn before child benefit payments are withdrawn has been increased in the Spring Budget, meaning that more families will be able to claim the benefit. As of April 6, the High Income Child Benefit Charge (HICBC) threshold will increase up to £60,000. It’s a tapered charge, so for every £200 […]
From April 6 many employees will benefit from the 2% reduction in class 1 national insurance contributions that was announced by the chancellor in the Spring Budget, so just how much better off is this going to leave you? The measure introduced by the government cuts this rate of national insurance down to 8% from […]
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