Highlights:,The DWP has sought consultations on new measures that would improve the protection of members of DB schemes.,The proposed measures make it mandatory to set out long-term plans for these schemes in funding and investment strategy.,More than a y...
Highlights:,Insurance fraud in the UK is rising amid the cost-of-living crisis.,Every week, as many as 100 more people are being added to the Insurance Fraud Register.,As Brits struggle with the,cost-of-living crisis,, more people are tempted to engage in...
Highlights,The ECB has increased the key interest rate by 50 basis points to 0.0%, breaking its own guidance for a 25-basis point.,The EU’s consumer prices hit the record high of 8.6% in the 12 months to June, which is much higher than the 2% inflation ta...
Highlights,Surging inflation led interest payments drove the UK budget deficit up to £22.9 billion in June, the second highest since records began in 1993.,The total interest payments hit its all-time high of £19.4 billion in June alone, taking it more th...
Highlights:,Bank of England Governor Andrew Bailey has hinted that interest rates may rise by 50 basis points to control inflation.,He, however, emphasised that it is only one of the options, and nothing has been fixed yet.,The,inflation,rate has hit a fr...
Millions of households in the UK could struggle to access cash as the country is losing high street banks at an alarming rate.
Highlights:,Obtaining mortgages may get tougher for UK households in the coming months, a survey of lenders has found.,The demand for mortgages is also expected to come down during the period.,With,inflation,expected to rise in the coming months, there ar...
UK’s poorest households will begin receiving the first of two cost-of-living payments totalling £650 from Thursday.
To counter the impact of rising inflation, BoE’s Monetary Policy Committee (MPC) has been consistently increasing the interest rates.
Highlights:,Amid the high cost of living, one in three Brits building a deposit to buy a house has either reduced or completely stopped saving for it.,Millions of people are struggling to tackle high inflation.,Soaring,inflation,is hitting millions of Bri...