Forget saving for a mortgage, one in ten renters still rely on food banks March 13, 2024 Around a third of social renters and half of private renters were only in poverty after their housing costs were factored in, suggesting that they were pushed into poverty by the amount they have to spend on housing.
Mortgage arrears surge 50 per cent to seven-year high as Brits squeezed by higher rates March 12, 2024 The proportion of UK mortgages in arrears rose to its highest level since 2016 at the end of 2023, according to data from the Bank of England, as borrowers are squeezed by high interest rates and household costs.
Londoners, here’s how much your council tax will be rising in April March 9, 2024 Councils are officially able to increase their tax rates by 4.99 per cent, but those with government permission are able to increase their residents’ bills by over 5 per cent.
Spring Budget 2024: High earners set to pay more tax under band freeze, analysis suggests March 6, 2024 Chancellor Jeremy Hunt has announced that National Insurance will be cut by 2p to lower the tax burden ahead of a general election. But analysis from investment platform AJ Bell has found that high earners are set to pay more overall under the government's tax band freeze.
The super-rich are getting richer, again – and millennials are leading the way February 29, 2024 The number of wealthy Brits rose in 2023, more than reversing the decline reported post-pandemic in 2022. Ultra-high-net-worth individuals (UHNWIs) – classed as those with over $3m in net wealth – increased in the UK from 601,300 to 626,619 on global economic growth and easing interest rates, according to the Wealth Report by Knight Frank. “The improving interest rate [...]
Proposed pension and investment reforms drive revenue and profits at wealth manager Mattioli Woods February 6, 2024 Mattioli Woods saw its revenue and profits increase during the first half of its financial year.
Bank of England survey: Default rates continue rising in 2023 – but at slower pace January 18, 2024 According to bank responses to the Bank of England's quarterly credit conditions survey, default rates on secured lending - which includes mortgage lending - increased in the final quarter of 2023.
Why higher interest rates are ‘the single best economic development’ for investors in the past 20 years January 1, 2024 Real interest rates remaining in positive territory as inflation continues to fall is good news for investors in bonds
Pensions: six changes to watch out for in 2024 December 25, 2023 Keep an eye on what's happening next year in case it affects your savings
Falling UK debt interest may allow room for tax cuts, Jeremy Hunt says December 22, 2023 Lower levels of UK debt interest may allow room for the government to cut taxes, UK Chancellor Jeremy Hunt has said.