The last time the base rate was at 4.5% was in October 2008. The Bank of England’s Monetary Policy Committee has voted 7-2 to increase Bank Rate by 0.25% to 4.5% – the 12th consecutive rise. Two members preferred to maintain Bank Rate at 4.25%. The latest Bank of England figures now predict that Bank Rate will peak at around …
The ban will cover all financial products, including insurance and cryptocurrency schemes. The UK government is set to announce a ban on all cold calls selling financial products as part of a crackdown on scams. The move will extend a current ban which stops cold calls about pension products so it covers all financial products, including insurance and cryptocurrency schemes. …
Receipts for April 2022 to March 2023 reach £7.1bn Inheritance tax (IHT) receipts for April 2022 to March 2023 were up £1bn on the previous tax year to £7.1bn, according to latest numbers from HM Revenue & Customs (HMRC). Estimates released at the last Budget suggested that over the next five years IHT would bring in £38bn. This projection means …
Consensus expectations of 9.8% were not met. UK inflation failed to fall to single digits in March, dipping to 10.1% from its surprise jump to 10.4% in February, according to data from the Office for National Statistics. The Consumer Prices Index came in higher than expected, with economists having predicted it would fall to 9.8%, although it remains down from …
The government will now delay making a decision until after the next general election. The government has confirmed today that it will not bring forward the date the state pension age will rise. At present, the state pension age is 66 and on current plans is set to rise to 67 by 2028 and to 68 between 2044 and 2046, …
The latest inflation data shows that CPI inflation re-accelerated to 10.4% in February. The Bank of England’s Monetary Policy Committee has voted 7-2 to increase Bank Rate by 0.25% to 4.25% – the 11th consecutive rise. This follows the latest inflation data which shows that CPI inflation re-accelerated to 10.4% in February, and the US Federal Reserve’s decision to hike rates by …
