UK salaries are forecast to increase by 1.3 percent in 2024 in real terms according to the latest annual Salary Trends Report by global mobility expert, ECA International (ECA). This equates to an average salary boost of £447 in real terms as UK businesses expect to repeat a higher than …
Read More »Rare coins: Man sells old coin at auction for £20,000 after finding it in field | Personal Finance | Finance
An old rare coin found in a Hampshire field has fetched over £20,000 at a recent auction. The gold coin dated back from around 50 BC, is smaller than a fingernail and is stamped with the name Esunertos, a previously unrecorded King from the Iron Age. Detectorist Lewis Fudge found …
Read More »State pension payments set for second-biggest rate increase but triple lock ‘unsustainable | Personal Finance | Finance
State pensions are set to be awarded their second-biggest rate increase next year – but experts believe this is “unsustainable” in the long term. Retirement payments will go up by 8.5 percent in 2024 if the Government keeps to its triple-lock pledge. The triple-lock is a promise to raise state …
Read More »Raise a glass from the dead this Halloween | City & Business | Finance
Fans of the supernatural are being offered a glass of ‘haunted wine’ that has been exhumed from a coffin in time for Halloween. 100 bottles of blood-red wine had been laid to rest in an oak coffin buried deep in a Victorian cemetery in London. A priest presided over the …
Read More »Energy saving tips: Your fridge could be increasing your bill by £580 – how to avoid | Personal Finance | Finance
A household’s fridge could be boosting their energy bill by as much as £580, Energy Saving Trust (EST) has said. Those looking to cut costs should be checking their appliances are running as smoothly and efficiently as possible, and a telltale sign to see if the fridge is guzzling a …
Read More »Santander slashes mortgage rates for homeowners – list of changes here | Personal Finance | Finance
Santander has recently announced a wave of reductions to its range of mortgage and remortgage products. The bank has slashed interest rates fixed rates on selected residential purchase mortgages, remortgages, buy-to-let, and product transfers. As a result, some of Santander’s mortgage and remortgage offerings have seen their rates cut by …
Read More »Petition branding Universal Credit change ‘inhumane’ gets over 22,000 signatures | Personal Finance | Finance
More than 22,000 people have signed a petition calling for a reversal of a Universal Credit rule affecting parents of young children. At the time of writing, the petition has had a total of 22,656 signatures, meaning the Government will have to provide a response. It relates to a change …
Read More »Britons warned they could get £300 fine if they use a log burner | Personal Finance | Finance
Britons have been urged to take care when lighting their log burners this winter or they could be hit with a £300 fine. The amount of smoke new stoves can emit each hour has dropped to 3g, down from the previous limit of 5g. This applies solely to newly made …
Read More »Sunak and Hunt have a talent for raising taxes – it’ll be their greatest legacy | Personal Finance | Finance
Prime Minister Rishi Sunak never had an easy task on his hands, cleaning up the mess left behind by predecessor ‘Calamity’ Liz Truss. Today would be a tough time for any party in power, given the multiple crises we face. The aftermath of the pandemic, the cost-of-living crisis, skyrocketing interest …
Read More »Retirement warning as millions ‘relying’ on state pension but income ‘not enough’ | Personal Finance | Finance
Experts are warning that millions of women are at risk of poverty in retirement due to a lack of retirement savings. Nearly seven million over 50s have no private pension, according to the latest research carried out by SunLife. The firm’s Life Well Spent report found that 20 percent of …
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