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Below you'll find a list of all posts that have been categorized as “Finance News”
In June, UK inflation dropped from 8.7% to a 15-month low of 7.9%, according to the Office for National Statistics. With economists originally predicting a fall to only 8.2% in June, this drop in inflation was more than anticipated, easing forecasts for how much interest rates will rise over the …
Date: 22/06/2023 Author: Christine Lawless – Exit Strategy Consultant On Thursday 22nd June 2023, it was announced by the Bank of England that interest rates within the United Kingdom would be rising for the 13th time in a row to 5%. This is a 0.5% increase from the 4.5% that …
UK Chancellor Jeremy Hunt has delivered his Autumn Statement to MPs, which outlines his plans for stabilising the economy and reducing inflation through spending cuts and tax rises worth billions of pounds. The Autumn Statement is an update on the government’s plans for the economy based on the latest forecasts …
Find out how AVASK can support you to negotiate the best possible deal when exiting your business. 2021 had seen an exponential growth in e-commerce sales. With the pandemic opening consumers eyes to the ease and simplicity of online shopping, the demographic of online shoppers expanding, and many traditional brick …
The UK’s economy will grow more slowly than previously expected, according to the latest data from the Confederation of British Industry (CBI). The CBI cut its forecasts for economic growth to 6.9% in 2021 and 5.1% in 2022 from previous estimates of 8.2% and 6.1%. The business group said that …
Optimism improved for firms across the services sector in the three months to November, according to the latest Service Sector Survey from the Confederation of British Industry (CBI). However, cost growth continued to pick up, increasing at the fastest pace since survey records began in 1998. Additionally, business volumes continued …
Research carried out by property group Savills has found that half of first-time buyer home purchases are financed by the so-called ‘bank of mum and dad’. Parents’ contributions towards buying a first home are likely to top £9.8 billion this year, Savills found. It said that rising house prices have …
Homeowners in England and Wales will be offered subsidies of £5,000 from next April to help them to replace old gas boilers with low carbon heat pumps. The grants are part of the government’s £3.9 billion plan to reduce carbon emissions caused by heating homes and other buildings. It is …
A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA). The minimum retirement living standard covers a typical retiree’s basic needs plus enough for some social activities, such as a week of holiday …
A new emergency fraud hotline has been launched for individuals to report financial scams as they take place. The new hotline, which can be accessed by dialing 159, will connect an individual to their bank’s fraud prevention service. The new hotline is being trialed for a year, with fraud prevention …
