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Petrol prices have reached their highest level in eight years!

According to the RAC, the average price of a litre of petrol jumped from 135.87p on Friday to 136.59p on Sunday, the highest level since September 2013. RAC fuel spokesman, Simon Williams, said: “When it comes to pump prices, it’s a pretty bleak picture for drivers.” He added: “With the cost of oil rising and [...]

UK house prices forecast to rise by up to 3.5% a year between 2022 and 2024

Hamptons has released its housing market forecast for next year and beyond, predicting that property price growth will remain above pre-pandemic levels as the cycle ends in 2024. The company believes that summer 2021 marked peak house price growth. As we move into autumn and winter they expect price growth to slow, ending the year [...]

Inflation: Price rises see record jump as food costs soar in August

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 [...]

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National Insurance: New Health and Social Care Tax & How Will It Affect Me?

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 [...]
IHT

Pandemic pushes Inheritance Tax haul to record high

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. [...]

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