UK Government borrowing costs have soared in the wake of its Autumn Budget, with some gilt yields reaching levels not seen since 1998. Yields on the 30-year UK Gilt have reached above 5.22% – higher than at any point since 1998, as the Government looks to sell fresh bonds in order to fund its spending …
As a New Year arrives, so too do new challenges, opportunities and changes to keep in mind. Here is a guide to what to expect and other aspects to consider. Although the New Year doesn’t in and of itself provide a legal reset of our finances (we have to wait till the end of the …
HMRC data shows that 24,828 people brought in the new year by submitting their self-assessment tax returns on January 1st. 38,260 people submitted their returns on New Year’s Eve, with 310 filing their return just before midnight between 11pm and 11.59pm. The festive fun wasn’t confined to New Year celebrations. 4,409 people filed on Christmas …
Introduction A New Year gives us the chance to look forward. We can expect more change in 2025 for personal finances, with a new Labour budget laid out and a returning President in the US. 2024 was a year of speculation and political change across the world, with President Trump and the Labour Party the …
Labour’s new policy on inheritance tax means that more estates could pay inheritance tax (IHT) in future. Whilst there are plenty of legitimate ways to reduce an IHT liability, there’s one which we often forget despite it being very simple. That’s giving money to your loved ones. Although gifting is simple, and might be something …
Introduction The US election provided another definitive moment in what has been a politically charged year. With many countries holding elections in 2024, analysts have been second guessing what markets will do for some time. Whether Trump is popular outside the US is debatable, but his election victory was convincing and markets have responded positively …
Introduction Labour’s first budget for 14 years dominated the headlines, but with a US election in early November and constant attention paid to inflation figures, corporate results and interest cuts around the world, there was plenty of other financial news throughout October. UK £40bn of additional tax revenue was announced by the new Chancellor, Rachel …
The energy price cap rose by 10% from 1st October. Many people have been submitting meter readings and some are switching to fixed tariffs ahead of the change. Why Submit A Reading Now? Whilst you will be charged at the new price whether you submit your reading now or later, many energy bills are based …
House sales in the UK were 5% higher in August 2024 compared to the same month in 2023, according to figures from HM Revenue & Customs (HMRC). An estimated 90,210 homes were sold across the UK, reflecting this increase, though the number was slightly down—by less than 1%—from July 2024. The housing market’s resurgence has …
Cuts to interest rates are a key financial news theme in 2024 and we don’t expect that to change in 2025. Many central banks across the world are looking to reduce interest rates as inflation figures slowly return to normal. It is often heralded as great news for mortgage borrowers, but what about investors? Financial …
