Cost of living crisis: High earners with salaries of at least £50k offered more and greater pay rises April 19, 2022 High earners are most likely to have been offered pay increases as the rising cost of living begins to bite, according to new research shared with Morning Wire this morning. As inflation grew to its highest level in three decades and 22 million households brace themselves for soaring energy bills, a YouGov survey carried out on behalf of global [...]
Graduates face 12 per cent interest rate on student loans April 13, 2022 Graduates could be weighed down by 12 per cent interest payments on student loans from September, fresh analysis has revealed.
35 per cent of Brits admit bulk buying amid war and inflation shortage fears, report claims April 12, 2022 Warnings have been made against claims of stockpiling food after a report claimed 35 per cent have bulk bought items recently. Consumers are reportedly purchasing items in scenes reminiscent of the start of the pandemic, amid concerns about falling production for items such as wheat and oil, impacted by the war in Ukraine. Items such [...]
Italian lottery operator Sisal mulls joining Camelot’s High Court challenge April 10, 2022 Italian lottery operator Sisal is considering teaming up with Camelot to challenge the Gambling Commission’s decision to pick Czech firm Allwyn to run the UK’s National Lottery. Sisal is weighing up plans to back Camelot’s High Court bid to overturn the Gambling Commission’s decision, after Camelot lodged a legal challenge against the government agency earlier [...]
Middle class run on equity release: Cash-hungry home owners squeeze nearly £5bn out of their properties April 9, 2022 Equity release payments in the UK increased by almost £1bn in 2021, as more and more people look for alternative ways of ensuring healthy and happy retirements. Between 2020 – 2021, the amount of money released in the UK rose from £3.9bn to £4.8bn, an annual increase of £940 million, or 24.4 per cent, according [...]
Saturday Spotlight: Nigeria and China speed ahead of UK in digital money race April 9, 2022 A new index charting the readiness and adoption of central bank digital currencies (CBDC) has seen Nigeria top the ranking with the e-Naira, launched in October 2021. Nigeria’s lead is closely followed by other early CBDC adopters, the Bahamas, Mainland China, Jamaica and Eastern Caribbean. The findings, from the PwC Global CBDC Index, capture the [...]
Bank of England spent £50,000 on logo and website re-design April 6, 2022 The Bank of England’s (BoE) recent logo and website re-design cost £50,000, a freedom of information request has revealed. The nearly 330-year-old institution, which is funded by banks – not the taxpayer – made a bid to change its image last month, to better reflect the makeup of the country, but it came at a [...]
Tax Spotlight: How the jump in national insurance will affect you and your household April 6, 2022 As Brits try to juggle surging living costs on a shrunken wage packet, experts have warned the pain of the rise in national insurance will be felt by people on their next payday, Here is a look at why the increase is happening and why “awful April” is seen as just the start of a [...]
New tax year ushers in more woe for businesses and households April 6, 2022 Today marks the start of what will be yearly increases in tax bills for households across the UK as a raft of hikes, threshold freezes and fiscal tweaks come into effect. The new tax year has been ushered in by the much-lamented 1.25 percentage point national hike, which is forecast to deal a more than [...]
Pension bodies launch saving campaign as inflation threatens spending power April 5, 2022 Top pension bodies have launched a campaign to try and boost the UK’s engagement with pensions today, as fears grow that soaring inflation could take a chunk out of pensioners' spending power.