When Jeremy Hunt stood up to deliver the much-anticipated Autumn Budget statement, he flagged the fact that he would have to take difficult decisions. He has outlined several measures that will affect all of our incomes, with many of us paying higher taxes on everything from our income to our capital gains. Here is what will change.
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Sometimes it feels like the cost of absolutely everything is going up, and the current inflation rate, running at over ten per cent, seems to bear this out. However, there are still some parts of your household budget where you can bring down your costs. Here are some of the most useful.
The Bank of England raised the Bank Rate by 0.75 percentage points this week, in an attempt to control inflation. We now have the highest base interest rate for 14 years, which will affect all aspects of our financial lives. Here’s what the change might mean for you.
While the pound has stabilised slightly since Liz Truss announced she was leaving her position as Prime Minister, it cannot be denied that the sterling does not hold the purchasing power overseas that it once did.
* This figure is accurate as at January 2021 and subject to market movements and net adjustments. Figure is rounded to the nearest billion.