Interest rates remain static – will this affect you?
Interest rates are set to remain at 5% until after the Government’s Budget at the end of October.
The Bank of England confirmed on Thursday (September 19) the rate would remain static, with inflation remaining stubbornly at 2.2% and above the ‘magic’ 2% target.
At its latest meeting, the bank’s Monetary Policy Committee (MPC) voted by...
Then and now: 39 years and counting
Great British ISA plans will not be allowed to hatch
Plans for the ‘Great British ISA’ have been shelved before they were hatched, sadly.
The idea was unveiled in the previous Government’s final Budget (as it turned out) earlier this year by the then-Chancellor Jeremy Hunt.
The scheme would have allowed savers to invest an extra £5,000 into London-listed equities on top of the existing £20,000...
Don’t get fined if you have to complete a tax return this year
Self-assessment Tax Returns are a pain for the self-employed and increasingly for many modest investors who may not have realised they need to complete one – with many more fines being issued as a result.
A Freedom of Information (FOI) request from City platform AJ Bell notes has found that 3.6million people are due to...
UK shares, Budget and what’s next?
Good news in that the Bill about Investment Trust charges’ reporting is very much back on parliamentary agenda. Readers might recall the Election stymied the last attempt. Success would be a very useful outcome for holders of these investment vehicles and see reductions in discounts to asset values as well as open new investment...
Are you saving your money with a bit of savvy?
Did you know that savers in the UK have missed out on a combined total of £6.9billion in returns from their savings in 2023?
Recent Bank of England data has shown that on average UK adults held some £235bn in current accounts that do not pay any interest.
Consumer finance website Money Age reported that based...
Rising interest rates – act now if you need a new deal
As was widely predicted, the Bank of England (BoE) raised interest rates by half a percentage point to 5% on Thursday in its ongoing attempts to reduce inflation, which now stands at 8.7% after not dropping as expected.
While the CPI (consumer price index) for inflation dropped into single figures in April, it has stayed...