Author Archives: Emma

As the UK moves onto its fourth Chancellor in the space of four months, the majority of the changes in taxation announced in Kwasi Kwarteng’s “Mini-Budget” of 23rd September have been axed. As things stand, the key changes to taxation will now be as follows: National Insurance The increase to Read the full article…

For most retirees, the State Pension forms the foundation block of retirement income. Anyone now reaching State Pension age with their full entitlement receives a guaranteed income of £185.15 per week (£9,660.86 per year). The “triple lock” currently means this income increases each year by the higher of: • National Read the full article…

It is impossible to write about the current economic situation without first mentioning the humanitarian impact of the conflict in Ukraine. Tens of thousands of people have been killed or injured, including a huge number of civilians. Some 5 million refugees have already fled to other countries, with a further Read the full article…

The Bank of England has now raised the UK interest rate five times since December 2021, gradually increasing from 0.1% to the current 1.25%. UK inflation (as measured by CPI – the Consumer Prices Index) increased again in May – to 9.1%, its highest level since 1982. In the US, Read the full article…