Finance

Inflation rises to 40-year of 9.1% – how to make sure your savings ‘hold value long-term’ Last week, the UK’s inflation rate reached a 40-year high of 9.1 percent which will further exacerbate the existing cost of living crisis. In the next few months, experts believe inflation will reach as high as 10 percent at the same time energy bills ...

Triple lock reinstated in major state pension boost – how much your payments will be Boris Johnson’s official spokesman said: “Pensioners, particularly those who receive state pensions, are disproportionately impacted by high energy costs. “They can’t always increase their incomes through work and they are more vulnerable to cost of living pressures. “And that’s, for example, why we introduced additional ...

Best places to retire in the UK ranked from annual care costs to house prices With the number of over-85s set to treble by 2066, many Britons will be weighing up where they should settle down and enjoy their twilight years. Researchers at home security group Taking Care have compiled a list of the best UK towns and cities for ...

British Gas customers could get £1,500 off their energy bills – how to apply What is the eligibility criteria? For the individuals and families fund, you will need to be or have the following: • You live in England, Scotland or Wales• You must be seeking a grant to clear an outstanding debt on a current or open gas, electricity ...

Struggling with debts? Expert explains how to manage debt as interest rates rise In response to the cost of living crisis, last week, the Bank of England (BoE) increased its interest rates up to 1.25 percent with the rate expected to increase further throughout the year. The increase then has a ripple effect on the rates of interest set for ...

How you could slash inheritance tax bill by £70,000: Simple mistake may see you ‘lose out’ Inheritance tax is one of Britain’s most hated taxes but shocking figures released this week indicate people are shelling out cash unnecessarily because they find conversations about death awkward. Carla Morris, financial planner at Brewin Dolphin spoke to Express.co.uk about how people can bring up the ...

Universal Credit claimants to get £326 next month – do you qualify for the sum? These payments will be made from September 2022. Some eight million people on low incomes will benefit from the £650 cash boost, ministers have said. British households are experiencing an annual average energy bill hike of £693, with costs expected to hit £2,800 by October. ...

Bank of England warns less than 100 days left to use paper £20 and £50 notes But time is running out to spend the old banknotes that are still in circulation. The Bank of England first issued the new polymer £20 in February 2020 while the new £50 came out in June 2021. The group estimates there are more than ...

Capital gains tax: Selling your second home – can you reduce the rate you pay? Before April 2020, this time period was halved from 18 months to nine. Lettings relief is available for those who share the occupancy of the home with tenants that they out to. To calculate how much relief one can get, a person will need to ...

Rishi Sunak unveils new tool – find out if you can get cash boost in minutes Alongside the launch of the National Insurance Contributions (NICs) calculator earlier this week, the Treasury also launched its new Financial Support and Benefits Checker Tool calculator. The benefits tool will allow people to see if they are eligible for certain benefits or financial support. ...