It was no sooner announced than it was gone. Chancellor Kwasi Kwarteng’s decision to scrap the 45p rate of income tax for higher earners was withdrawn on Monday after Kwarteng said it had become "a massive distraction on what was a strong package". Here’s a rundown of what to expect – barring any more U-turns.
The Government has announced a huge number of economic changes that will affect everybody’s finances. The mini-budget includes tax cuts, as well as changes to the rules around business taxation. Here’s what has been announced, and how the changes could affect you.
It feels like we have been hearing the ‘R’ word for longer than we would care to mention, with economists checking every piece of economic news to find out whether we are in recession or not, and trying to forecast when, or if, this will happen.
As we mentally prepare for coins and notes bearing the head of King Charles III, here are some of the ways in which our finances have changed since the beginning of the late Queen Elizabeth’s reign.
Dealing with the looming energy crisis this winter has been the priority for new Prime Minister Liz Truss. One of her first moves was to announce a new policy that will cap everybody’s energy bills from October. Here’s what you need to know about how it will affect you.
Parents of 18-year-olds across the UK are preparing for their children to fly the nest to university this month. But with household bills rising, helping their children to afford to live as students is an expensive business.
We are all getting used to the spectre of rising prices, but one recent forecast stopped even the pessimistic in their tracks. Economists at Citi believe that inflation will reach 18.6 per cent early next year, as the continued war in Ukraine pushes up energy prices.
Pet ownership soared during the pandemic, as families stuck at home searched for companion animals to share their lives. But as the cost-of-living crisis begins to shrink our disposable income, more people are abandoning the pets that they can no longer afford to feed and care for, because of rising bills.
As the UK nears the beginning of a ‘Winter of Discontent’, there are already murmurs about what might happen to house prices due to rising inflation and falling consumer spending power. Here is what is happening now, and what might be on the horizon.
