Category Archives: Financial News

The increase to the state pension from 6th April 2025 has been confirmed as 4.1%, taking the flat-rate state pension to £230.30 per week (up from the previous £221.20 per week). This equates to just over £12,000 per year or £1,000 per month. The increase was confirmed in the Autumn Read the full article…

The Autumn Budget was delivered by the new Chancellor of the Exchequer, Rachel Reeves, on 30th October. The headline announcement was an increase in the main rate of employer National Insurance contributions from 13.8% to 15% and a reduction in the earnings threshold for employers from £9,100 to £5,000 (both Read the full article…

The General Election on 4 July brought a widely anticipated change of Government for the UK, with the Labour party winning a large majority. New Chancellor of the Exchequer Rachel Reeves announced that the Budget will take place on 30 October and warned of “difficult decisions” on tax and public Read the full article…

Bank of England (BoE) policymakers reduced the UK base rate by 0.25 percentage points to 5.0% at their August meeting. This was the first cut since the start of the Covid pandemic in March 2020, when the rate was reduced to just 0.1%. The rate then increased rapidly from December Read the full article…

State Pension age is currently 66 for both men and women, but is set to increase to age 67 from 2026 to 2028. This increase affects anyone born after April 1960. A further increase, to age 68, is currently scheduled from 2044 to 2046, affecting people born after April 1977. Read the full article…