Economy, Interest Rates & Government Policy News

The Bank of England cut interest rates for the second time in two weeks, to bolster the economy against the coronavirus epidemic. The latest cut, announced Thursday, took interest rates from 0.25% to...

The Bank of England has announced an emergency cut to interest rates in an effort to limit the economic impact of the coronavirus pandemic. In its first emergency meeting since the 2008 financial...

Nearly one million people missed the Friday deadline for filing self assessment tax returns and will face fines of at least £100.A record-breaking 11.1 million taxpayers submitted self assessment...

Employment levels in the UK hit record levels in November, according to the Office for National Statistics (ONS). The latest figures from the ONS revealed that the UK employment rate reached 76.3% in...

The national living wage for workers over 25 will rise 51p from April, from £8.21 to £8.72, the government has announced.The 6.2% increase is four times the rate of inflation, which clocked in at 1.5%...

The pound made its biggest jump against the dollar in nearly three years after it was clear the Conservatives had won a big majority in the General Election. Boris Johnson’s Conservative Party won the...

The 2019 General Election is just under three weeks away, so what would a new Labour government mean for your finances? In terms of higher education, Labour's leader Jeremy Corbyn has promised to...

An increase in the ‘real living wage’ will result in a pre-Christmas pay rise for hundreds of thousands of UK workers. The Living Wage Foundation has increased the real living wage to £9.30 an hour,...

Average weekly earnings in the UK are set to pass the record levels seen in 2007 either this month or next, according to the Resolution Foundation.In the think tank’s latest quarterly Earnings...

British people, especially young people, lack understanding of personal tax issues and the wider tax code, a new survey has found. The survey, commissioned by accountancy firm Deloitte, found that...