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Latest financial news and articles

You don't have to be a money expert to stay in the know with what's happening in the world of finance. Our constantly updated news section provides bite-sized details of key facts, figures and changes.

ONS measuring reforms to send savings ratio and growth forecasts soaring

The Office for National Statistics are set to change the manner in which they measure and gauge economic performance so that it is in accordance with global accounting standards, in a move that will send the country’s saving ratio soaring straight away.

8 Apr 2014 Read More

Tax reforms will leave average family £974 worse off by 2015, says Institute for Fiscal Studies

Shadow Chancellor Ed Balls had cranked up the pressure on the coalition government as they prepare to officially implement their latest increase of the personal tax allowance to £10,000, by highlightinh analytical data that has indicated that the average household will actually be £974 worse off by election time next year.

7 Apr 2014 Read More

Is it financially worthwhile utilising the government’s new state pension top facility?

Last week, the government announced that they would be implementing a change to the state pension system that would enable retirees to purchase top ups on the amount they receive from their state pension each up.

7 Apr 2014 Read More

HMRC statistics indicate that top tax rate cut has sent income revenue soaring

The coalition government’s decision to lower the top rate on income tax from 50% to 45% has had a hugely beneficial effect on the level of revenue the HMRC has taken in from the country’s top earners, a senior Conservative MP has argued.

7 Apr 2014 Read More

Summer’s on its way!

Can we say winter is finally over now? With the mercury steadily rising, the clocks gone forward and the birds all a-chirping in the morning, it looks like spring has finally sprung.

7 Apr 2014 Read More

House price inflation on the rise again, says the Halifax

Annual house price inflation rose again in the three months to March this year compared to the same point last year, taking it to its largest value since October 2007, the Halifax have identified.

4 Apr 2014 Read More

OFGEM launches project to pave the wave for cheaper off peak electricity

Tariffs where consumers pay less for using electricity off-peak or when it is cheaper to produce, are one step closer from today.

4 Apr 2014 Read More

Ukraine crisis could ‘cloud global economic outlook’, says IMF

The global economy could experience years of stagnation and “sub-par growth”, if the Ukraine crisis is left unresolved, inflation does not pick up in Europe and Japan and corporate leverage is not reduced in the US, the IMF head Christine Lagarde has identified.

3 Apr 2014 Read More

UK economy grew by 0.7% in first quarter of 2014, says Markit/CPIS Purchasing Managers’ Index

A detailed analytical survey that sought to gauge Britain’s economic performance in the first quarter of this year has estimated that GDP grew by 0.7% in the three months to April, equalling the countries performance from the quarter before.

3 Apr 2014 Read More

Pensioners to be given £25 weekly boost from 2015

Pensioners will be able to purchase state pension top ups as high as £25 each week from autumn next year, as part of a government scheme to compensate individuals who retire before April 2016, and subsequently will miss out on the new higher state pension.

3 Apr 2014 Read More

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