UK inflation is the highest it’s been for two years. Inflation hit 1.6% in December, up from 1.2% the previous month. According to the Office for National Statistics, the increase was caused by a rise […]
UK Inflation Hits 1.6%
Category: News
Gender Pay Gap Reduced to 5%
The pay gap between men and women in their 20s is now down to 5%, reports have found. However the report also found that women will still earn significantly less than their male colleagues throughout […]
Sale of Student Loan Debt
The government has proposed plans to privatise student loan debt. Loans taken out prior to the 2012 tuition fee hike are set to be sold off early this year. The £12billion debt covers students with […]
Cost of Care Homes
The rising cost of care homes means it might now be cheaper to hire a carer instead of applying for long term residential care. Reports suggest people could save money by opting for home care as […]
Maximum Wage Cap Proposed by Jeremy Corbyn
Jeremy Corbyn has proposed a maximum wage cap to resolve the wage inequality in the UK. The Labour leader says he fears Brexit will lead to the UK becoming a “grossly unequal, bargain basement economy”. […]
Fears of Rising Household Bills for 2017
The cost of household bills rose by almost 10% in 2016. Compare the Market, found that in 2015 bills dropped by an estimated £180, but rose by almost £200 last year. Estimates say the average […]
Rising Retirement Age Causes Savings Worries
As the retirement age continues to rise, employees are being advised to save as much as possible. A report published by insurance company, Aegon, states the biggest challenge people face is being able to save enough […]
Tube Strikes Could Cost UK Economy £300million
Up to £300million could be lost today as a result of the tube strikes. According to a report from the Federation of Small Businesses (FSB), a 48 hour strike in 2014 cost the economy up […]
Financial Worries For 11 Million Brits
More than 11 million Brits have financial worries, according to a report from investment company, MoneyFarm. The research found that 40% of people worry that advisers are acting dishonestly, while 11 million people seek financial […]
Petrol Prices Rise to 18 Month High
Petrol prices rise to an 18 month high, after the Organisation of the Petroleum Exporting Countries (OPEC) announce production cuts in oil. The price of fuel is now the highest it’s been since July 2015. […]