Truss criticised for ‘standing by’ disastrous economy plan: ‘Listen to the market!’ | City & Business | Finance
[ad_1] Liz Truss has been lamented for “ignoring” the UK markets after the Prime Minister defiantly refused to reverse the so-called “mini budget” which her Chancellor Kwasi Kwarteng laid out last week. Senior market analyst Craig Erlam accused the Truss Goverment of “willingly” and “completely ignoring extreme More...
Bank of England steps in to stop £1.5 trillion pensions meltdown – 20m pensioners at risk | Personal Finance | Finance
[ad_1] Few saw the threat until today, because the reasons are complex and technical. They are also potentially disastrous. The mini-Budget has driven up the yields on 30-year UK government bonds, known as gilts, More...
Sterling plummets again as markets panic after Bank of England intervention | City & Business | Finance
[ad_1] The pound fell to its lowest level since decimalisation against the US dollar on Monday. The fall of the pound is likely to cause the cost of petrol and diesel to soar at a time when high costs at the More...
Income tax: Kwasi Kwarteng provides pension saving ‘incentive’ through 45p cut | Personal Finance | Finance
[ad_1] This is the case if they are subject to the tapered annual allowance – a limit on the amount of contributions paid to, or benefits accrued in, a pension before the person has to pay tax. Since April More...
Britons urged to do ‘everything they can’ as energy bills to soar despite £2,500 guarantee | Personal Finance | Finance
[ad_1] Without intervention, the average household energy bill would have jumped 80 percent to £3,549 a year from £1,971, based on typical use. The energy price cap has historically been set by the energy regulator, More...
PIP claimants set to receive £150 cost of living payment – are you eligible? | Personal Finance | Finance
[ad_1] From September 20, six million people who are paid certain disability benefits began to receive a one-off payment of £150. Payments are part of the Government’s wider £37billion support package, including More...
Pound LIVE: Sterling plunges to all time low against dollar – ‘BoE will be forced to act’ | City & Business | Finance
[ad_1] John Bromhead, currency strategist at Australia & New Zealand Banking Group warned Bank of England could be “forced to act”. Sterling tumbled against the dollar as low as $1.0327, the lowest More...
Post Office prepares for rush of Britons depositing paper £20 and £50 banknotes by Friday | Personal Finance | Finance
[ad_1] Britons only have a few days left to exchange or use their old paper £20 and £50 notes before they stop becoming legal tender on September 30. To date, £1.2billion worth of paper £20 and £50 banknotes More...
Yorkshire Building Society offers ‘market-leading’ rate on ‘excellent’ savings account | Personal Finance | Finance
[ad_1] Yorkshire Building Society’s three-year Fixed Rate ISA account was highlighted as a “Pick of the Week” by MoneyFacts.co.uk this week. The account’s interest rate is fixed at 3.5 percent until More...
State pension age rise could see over 60s lose freebie benefits – full list | Personal Finance | Finance
[ad_1] Those who reside in England are eligible for freebie benefits once they reach the state pension age. Among those benefits include the free bus pass and Pension Credit, which entitles claimants to multiple More...
