17th Mar 2022
Interest rates rise. The Bank of England has announced raised interest rates for the third time in four months in an attempt to calm the rising cost of living. This is however to be their highest level since March 2020, when Covid lockdowns began. The rise from 0.5-0.75 is however not suspected to be the…
17th Mar 2022
Global recession is coming. At the moment we are all inundated with petrifying news. Energy Prices, tax increases, war and a general sense of doom often feels like it is eclipsing us. None of it is reassuring and we are rarely seeing any solutions to ease our fears. This also comes at a time that…
14th Mar 2022
How much is the Council Tax Hike? The council tax bill for an average band D or equivalent property in England and Wales is due to rise by £65, or 3.5% from April, according to a new report by the Chartered Institute of Public Finance and Accountancy. The tax increase tightens the thumbscrews on those…
14th Mar 2022
With energy bills increasing and many of us worrying about the daily costs of living, experts are suggesting we should turn off our heating by the end of March. The exact date? 27th March, the same day our clocks go forward, and British Summer Time begins. The soaring costs may mean you are already turning…
14th Mar 2022
Disclaimer: I have been paid by Wave for my review in this post, but these views are my own. I think we can all agree that the last few years have been financially challenging. With the increase in costs, furlough and reduced pay, and now an energy price hike on the horizon, I for one…
28th Feb 2022
The world can feel a very scary place at the moment, the news is a constant reminder about inflation and financial woes. It is therefore a breath of fresh air to see people, much like us, choosing to try and offer solutions. Jane at Shoestring Cottage is one such enterprise. Off the back of her…
25th Feb 2022
As Russia invades Ukraine, oil prices are edging ever closer to $100 a barrel: Russia is the world’s second largest exporter of oil, and claim that gas prices would double after Germany refused to open Nord Stream 2, a new pipeline from Russia. Russia and Ukraine make up 29% of global wheat exports, 80% of…
16th Feb 2022
What is a Green Savings Bond? A Green Savings Bond – which helps finance the Government’s green projects, including tackling climate change – have offered for sale a new Issue of NS&I Green Savings Bonds, which pay 1.30% gross/AER fixed-rate over a three-year term. The Bonds support projects including making transport greener, using renewable energy…
11th Feb 2022
Many Brits will be eligible for an automatic council tax refund worth £150 to help with the current cost of living crisis. This comes as households face rising bills putting pressure on their finances, and April sees a rise in energy bills putting further strain on household outgoings (reported here). The government has put forward…
9th Feb 2022
Inflation really is causing panic and upset at the moment. The Centre for Economic and Business Research has published data from YouGov on consumer confidence: the HL Savings and Resilience Barometer data is available on request and outlines the problems of “cash” and “income” faced by a majority of the population in light of recently…
31st Jan 2022
You can’t have failed to notice that rates are set to rise imminently, sparking mortgage misery and tax pressure, but we ask if the mortgage hike is quite what it seems. With the market pricing in an interest rate rise to 0.5% on Thursday, rates are predicted to hit 1% by summer and 1.25% by…
28th Jan 2022
Here at MoneyMagpie, we’ve collected 22 ways to make and save money in 2022, so why not check a few out for yourself. 11 ways to make money 11 ways to save money 11 ways to make money: IS YOUR TOY TRAIN WORTH MORE THAN SILVER? If you’re thinking about having a clear-out now…
