As we progress through 2024, the financial landscape continues to evolve, marked by recent fluctuations in the UK’s inflation rate. In December, inflation rose to four per cent, up from 3.9 per cent in November. This increase is attributed to various factors, including global conflicts and the resulting economic uncertainties. Read more…
The recent cut in National Insurance (NI) contributions presents millions of UK workers with a golden opportunity to boost their retirement savings. The drop from 12 per cent to 10 per cent in the main rate of NI contributions means that employees across the UK are seeing a noticeable increase Read more…
Cash flow as a concept is more commonly used in the world of business, but having a steady flow of income and outgoings in your personal life is just as essential. Understanding and managing your cash flow is important for financial stability and recent events have meant that many of Read more…
In recent years, the ‘Bank of Mum and Dad’ has become an increasingly vital resource for first-time property buyers. Recent research by the Institute of Fiscal Studies (IFS) has revealed that half of first-time buyers now rely on financial support from their parents to secure deposits for property purchases. The Read more…
The Bank of England’s (BOEs) decision to maintain the base interest rate at 5.25 per cent for the third consecutive time in December, following a series of fourteen increases in less than two years, has significant implications for savers. Since December 2021, interest rates went from a historic low of Read more…