Category Archives: Financial News

The Bank of England again held the UK interest rate at 5.25% at the November meeting of the Monetary Policy Committee (MPC). The rate at which prices are increasing, as measured by UK Consumer Price Inflation (CPI), reduced to 4.6% for October, a sharp drop from the September figure of Read the full article…

The Autumn Statement was delivered by Chancellor Jeremy Hunt on 22 November 2023, setting out the Government’s tax and spending plans for the year ahead. The Office of Budget Responsibility (OBR) expects the UK economy to grow by 0.6% this year, 0.7% in 2024 and 1.4% in 2025. Key figures Read the full article…

The flat-rate state pension will increase by 8.5% to £221.20 per week (up from the previous £203.85 per week) from 6 April 2024. This equates to approximately £11,540 per year or £961 per month. The increase was confirmed in the Chancellor’s Autumn Statement on 22 November, using the figure for Read the full article…

The Bank of England held the UK interest rate at 5.25% at the September meeting of the Monetary Policy Committee (MPC). This ended the run of fourteen consecutive rate increases that began in December 2021. The Bank expects UK inflation “to fall significantly further” in the short term. Consumer Price Read the full article…

An Enduring power of attorney (EPA) is a way of legally giving another person (your attorney) or people the ability to make decisions about your property and finances on your behalf, if you have lost the capacity to do so. You can give your attorney different powers, depending on what Read the full article…