Category Archives: Financial News

The flat-rate state pension will increase by 8.5% to £221.20 per week (up from the previous £203.85 per week) from 6 April 2024. This equates to approximately £11,540 per year or £961 per month. The increase was confirmed in the Chancellor’s Autumn Statement on 22 November, using the figure for Read the full article…

The Bank of England held the UK interest rate at 5.25% at the September meeting of the Monetary Policy Committee (MPC). This ended the run of fourteen consecutive rate increases that began in December 2021. The Bank expects UK inflation “to fall significantly further” in the short term. Consumer Price Read the full article…

An Enduring power of attorney (EPA) is a way of legally giving another person (your attorney) or people the ability to make decisions about your property and finances on your behalf, if you have lost the capacity to do so. You can give your attorney different powers, depending on what Read the full article…

The minimum age at which you can take your pension is increasing from the current age 55 to age 57, from 6 April 2028. This means that if you were born after 5 April 1973 (anyone currently younger than 50 and around 5 months) the earliest date that you can Read the full article…

The economic news in May was dominated by the US debt ceiling, with a compromise deal reached at the last minute and approved by the Senate at the start of June. The Dow Jones Industrial Average Index fell by 3.5% over May and finished the month down 0.7% year to Read the full article…