The Bank’s Monetary Policy Committee has held rates for a third consecutive time. The Bank of England’s Monetary Policy Committee has voted 6-3 to maintain Bank Rate at 5.25%. Two members voted to increase Bank Rate by 0.25 percentage points, while one member preferred to reduce Bank Rate by 0.25 percentage points, to 5%. Interest rates have now been at …
On Friday 12th January 2024, I had the opportunity to say a few words to everyone present at Retirement Professionals 10th anniversary celebrations, however I just wanted to take a moment to thank everyone involved. I can’t express my sincere gratitude to our incredible caterer (Sushma’snacks), photographer (Kelly Clarke Photography), magician (Ian Lavin Close up Magician), Derek Beaumont & Laura …
‘The Bank of England now certainly faces a less daunting task’ The UK Consumer Prices Index (CPI) has dropped to 3.9% in the year to November 2023, according to data from the Office for National Statistics released today (20 December). The fall defied expectations, as economists had forecast inflation to decrease to 4.4% for the month from 4.6% in October …
The change will come into effect from 6 January 2024. The chancellor is to cut the rate of national insurance (NI) by two percentage points for employees. The change will take effect from January 2024. Employees will pay 10% in NI contributions on earnings between £12,570 and £50,200, rather than the current rate of 12%. The rate remains at 2% …
Chancellor pledges to give workers the legal right over where employers pay contributions Chancellor Jeremy Hunt has announced he will consult on “pot for life” pensions reforms. In the Autumn Statement today (22 November) Hunt said the government would consult on giving pension savers a “legal right to require a new employer to pay pension contributions into their existing pension”. …
Chancellor decides to keep triple lock in place. The state pension is set to rise by 8.5% from April 2024, as chancellor Jeremy Hunt confirmed the triple lock remains in place in today’s Autumn Statement. ‘We honour our commitments to the triple lock in full,’ said Hunt. In the run-up to the Autumn Statement, there were reports that the government …
