Has the pandemic prompted you to take charge of your Finances?
Coronavirus restrictions forced many of us to fundamentally change how we live and work, which in turn affected how we spend our money. With socialising being out of the question, travel restrictions meaning we couldn’t go on holiday, and stay-at-home rules forcing those who could do so to work from home, many of us simply didn’t spend the money that we would have done in normal circumstances. So what,…
What does rising Inflation mean for wage growth?
The UK is facing a cost of living crisis, with inflation hitting 6.2% in February 2022, and according to the Office for Budget Responsibility, it could average up to 8% this year. But people’s wages aren’t going up at the same rate, despite the words “high wages” effortlessly tripping off the tongues of government ministers only a few months ago. For example, in an interview on The Andrew Marr…
What will the Bank of England do about rising Inflation?
This month’s 54 per cent rise in the energy price cap has put the cost of living firmly at the top of the news and the political agenda. Following the increase, a household using a typical amount of gas and electricity can expect to pay nearly £2,000 a year for their energy, and this could go up to £2,600 in several months. At the same time, council tax has…
The War for Talent: What is it? And could it impact your Savings and Investments?
Recently there was a story of an British company, The Hut Group, planning to have DJs playing at a return to work celebration. Accountants PwC have been offering staff a £1,000 bonus if they will come back to the office, suggesting it can be used for new work wear, commuter bikes or gym membership. Insurance company Phoenix Group is putting on “safe socialising” events for anyone who’s gotten out…
Is there any reason to worry about Inflation?
If you’re the sort of person who likes their glass half-empty then there will be plenty of opportunities to find something to worry about at the moment. The recovery from the pandemic, the conflict in Ukraine and all the staff shortages in the news can turn anyone into a pessimist. On top of that, everything in the news is telling us about a word that has hardly been on…
