Price rises have seen the biggest jump since records began in 1997 as the economy continued to reopen. Official figures show that the increase in the cost of living, as measured by the Consumer Prices Index, hit 3.2% in the year to August. Higher prices in restaurants and for recreation and food were behind the [...]
The government has announced an extra tax to fund social care in England, and help the NHS recover after the pandemic. But there has been criticism - including from within the Conservative Party - that it will be unfair on younger people and the lower paid. What are the new plans? Employees, employers [...]
The high death count due to coronavirus meant Brits paid £571m in inheritance tax (IHT) in July 2021 – the most ever paid in a single month. The total IHT paid since the start of the new tax year in April climbed to £2.1bn in July, up £500m compared to the same period last year. [...]
Landlords are choosing to let homes to tourists on a short-term basis rather than to long-term tenants, according to a tenants campaign group. Generation Rent says rents in Wales, Scotland and south west England have soared since the pandemic as landlords have switched properties to the holiday lets market. Research by the group found it [...]
Millions of workers under 40 are not taking enough risk when it comes to investing their pension, a study says. Written by: Joanna Faith 16/08/2021 Your money.com Research on behalf of pension platform Interactive Investor found 66 per cent of people aged between 18 and 39 – around 10 million people – have a low risk [...]