Cuts to National Insurance contributions (NICs) will come into effect today, saving the average employee £450 a year. Some 27million people will see a 2p cut to their NICs after the Chancellor, Jeremy Hunt, reduced he rate from 12 per cent to 10 per cent in the Autumn Statement last November. The Treasury claimed slashing contributions … Read more
This year has seen the cost of living crisis continue, with many households grappling with rising debt. The Money Charity says that UK households owed £1,846billion at the end of October 2023, the latest figures available. That is a rise of £22.5billion in a year, or an extra £423 per adult. The average person in … Read more
Even money experts slip up with their own finances from time to time – and the Money team is no exception. Here, we reflect on our greatest successes over the past year – and our biggest failures. Jeff Prestridge Group Wealth & Personal Finance Editor SUCCESS: Keeping my Mum’s finances in relatively good order throughout 2023. … Read more
1. What is the average price of a house in the UK, according to the latest figures from the Office for National Statistics? a) £413,000 b) £288,000 c) £235,000 d) £304,000 2. How many people currently hold Premium Bonds? a) 14 million b) 18 million c) 22 million d) 25 million Wealth: Rishi Sunak and … Read more
Christmas is an expensive day of the year – and energy bills are no exception Experts have found that many Britons plan to use ovens less this Christmas Instead, air fryers and slow cooker use is on the rise to help save money By Sam Barker Updated: 09:55 GMT, 23 December 2023 Households increasingly plan … Read more
Eight million households will get the final cost of living payment in 2024 The payment was due to be paid in the spring, but is now arriving early So, when is the payment and are you eligible? Here is what you need to know By Matthew Cox Updated: 17:53 GMT, 13 December 2023 Around eight million … Read more
A drop in temperature paired with rising energy costs means more households are facing higher bills this Christmas. While energy prices dipped in October, the lack of government support this winter means many will pay even more. A one-bed property, or low-usage household, is expected to pay over £25 more a month, since last year. … Read more
Kamil Sattar is rich – and he wants you to be rich too, if his YouTube channel The Ecom King is anything to go by. Sattar, 24, from Telford, Shropshire, said in 2020 he made more than £30,000 a month with his business and now claims his companies’ sales exceed $5million (£3.9m) a year. The … Read more
