What does Brexit mean for house buyers and sellers?
While you may be totally fed up of the word, Brexit has had a major impact on the UK housing market. What has it meant for buyers and sellers? What might the best course of action be now? The Rightmove House Price index in October showed that the traditional ‘autumn…
UK households are struggling to save; what are the effects?
In 2018, a study found that one in four adults have no savings. Many people in the UK wish that they had money to save, but high monthly expenditure and repaying debt seem to take precedence. Saving for life’s unforeseen emergencies is a great way to maintain a sound mind,…
Average weekly household spending—how does yours compare?
In January, the Office for National Statistics (ONS) published its latest Family Spending Survey, making public the details of British spending habits. In its 61st year, the report offers an insight into how UK families spend their money, as well as revealing how family spending habits differ between areas of…
Spring Statement—March 2019 Overview
The chancellor—hair freshly cut for the occasion—rose to speak after a Prime Minister’s Questions which featured a slew of jokes about Theresa May’s lost voice. He wasted no time in making his views on Brexit even better known, and returned to the topic consistently throughout the speech. The economy was…
3 key budget takeaways
This year Chancellor Philip Hammond delivered his autumn budget a few weeks earlier than normal. Usually the budget is broadcast in mid-November, but this year he gave the budget on October 29. In the run up to Brexit, Hammond didn’t issue any huge announcements. Perhaps he wants to leave plenty…
Will the Chancellor side-step a possible Budget horror show?
In normal years, the Autumn Budget (formerly the Autumn Statement) is released in November. However, with less than 6 months left on the countdown to Brexit, this year is far from a normal year. At the end of September, Chancellor Philip Hammond made it known that the Autumn Budget would…
Interest rate rise: How does it affect you?
The Bank of England has recently raised the base rate from 0.5% to 0.75%, just the second rise in a decade! At present, interest rates stand at their highest since 2009 and reflect what the Bank of England perceive as a general upturn in the economy. The Bank said that…
Taxes set to increase for baby boomers?
New research has suggested that those in the baby-boomer generation should be ready to pay higher wealth taxes in order to pay for healthcare expenses likely to rise sharply in the near future. According to think tank the Resolution Foundation, this could indicate the end of the tax cuts in…
Hints that interest rates may rise
Data issued at the end of January showed that the final quarter of 2017 saw the economy grow by 0.5%. The Bank of England has now hinted that the speed of interest rate rises could accelerate if the outlook stays positive. While Mark Carney and his colleagues voted to keep…