With temperatures dropping, and energy bills set to rise, many people may be wondering how to keep the house warmer for longer periods. By taking into account these small suggestions, people may be able to make big changes. The “secret” to keeping the house warm is “insulation,” an expert explained. Jean Graham, consumer energy expert
BUSINESS
Why has the Bank stepped in? The Bank has announced plans for a temporary programme to buy gilts, effectively stepping in to provide a backstop in the market and halt a sell-off. It made the move after the yield – or interest rate – charged on long-dated gilts soared to levels not seen for many
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, from 3.60 percent to almost 5.20 percent. One year ago they yielded just 1.33 percent, so that’s a dramatic increase. The UK
Pound: John Redwood discusses role of Bank of England The Bank of England (BoE) has been increasing the UK interest rate at a rapid pace over the past few months as it attempts to reign in record inflation. As a result, mortgage costs have crept up, with analysts now predicting rates of six per cent
The economic and social costs of reoffending are some £18billion a year for the UK. “While we understand people want offenders to be punished, we can’t put our heads in the sand when it comes to rehabilitation,” Tweed points out. “We aim to give prisoners basic digital skills so they can study to degree level
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 pump have become the norm. According to the AA, poorly performing Sterling is already adding
He continued: “While it takes time to find the right products to fit an individual’s circumstances, the benefits of doing so are apparent – and when savers need to be making their money work to help pay for the essentials in the years ahead, and not just life’s little extras, I urge everyone in a
The danger is that rates are rising at such a speed that anybody who locks into a market-leading deal today could quickly regret it as rates head towards seven or eight percent, experts warn. This leaves millions facing a tough decision. Chancellor Kwasi Kwarteng’s controversial mini-Budget on Friday triggered a collapse in the pound as
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 6, 2020, it only affects those who meet both of the following income requirements: A threshold income
The Bank of England has warned Kwasi Kwarteng‘s mini-budget, which saw the pound sterling plummet to a record low against the dollar, will require “a significant monetary policy response”. Chief economist Huw Pill reasserted the Bank of England’s willingness to act quickly to bring inflation under control. He told the International Monetary Policy Forum: “I
How much is Attendance Allowance? It works out at £61.85 a week if someone needs help or supervision during the day or at night. The higher rate, of £92.40, is awarded if a person needs help during the day and overnight, or if they are terminally ill. How much someone receives depends on how much
Every month, prizes are split into three value bands – higher, medium, and lower – and a percentage share of the monthly prize fund is allocated to each of these bands. Winning bonds are generated at random, and two lucky bondholders are afforded the chance to win £1million. In September’s draw, more than 119 billion
Go.Compare Energy has urged consumers to take a meter reading before the new energy price come into force on October 1, which could mean households paying 26.8 percent more for their bills. The Government announced an Energy Price Guarantee, to reduce the new Ofgem price cap that was meant to come in next month. The
The interest rate increased from 3.75 percent last week and as well as a high-interest rate offer, NatWest is also giving customers £175 if they switch current accounts to NatWest and make a deposit. The Royal Bank of Scotland (RBS), which is part of the NatWest group is also offering cash for switching. The offer
New Conservative chairman Jake Berry has given his first interview since being appointed 20 days ago with a broadside at the people who “don’t believe in Britain”. The people attacking Liz Truss’s tax cutting vision are the same as the Remainers who attacked Brexit and “do not believe in Britain”, new Conservative chairman Jake Berry
With inflation expected to remain on a steady incline, markets are now expecting the Bank of England base rate to reach 5.8 percent next year, The Economist’s Economics editor Henry Curr reported on Twitter. UK Inflation took a modest drop from 10.1 percent to 9.9 percent in August however, rates are still hovering at a
As a leading energy and home services provider in the UK, British Gas have compiled some tips and tricks to help customers manage the looming rise. From October 1, average energy prices are set to rise to £2,500 a year, with many people paying more. To help Britons cut back, a service and repair engineer
Robo-investing sounds like science fiction but is already a fact of investment life, and more investors are plugging into this low-cost to build their wealth. Peter Oakley, from Shrewsbury, knows nothing about investing but is already watching his wealth grow. Mental health social worker Peter, 39, lives in a shared ownership ground floor apartment with
However, Labour has wasted no time in opposing the cut, with leader Sir Keir Starmer calling it the wrong choice at the party’s conference in Liverpool. Speaking to the BBC’s Laura Kuenssberg, he said: “I do not think that the choice to have tax cuts for those that are earning hundreds of thousands of pounds
Earlier this year, the previous Chancellor Rishi Sunak announced a thorough wave of cost of living support. Included in the package was an extra £150 for those who claim certain disability benefit payments from the Department for Work and Pensions (DWP). Originally, the Government said the payment would start getting rolled out on September 20,
