Does Green Finance matter to you?
Green finance is a rapidly growing part of the financial services market, with more and more providers offering products that help to protect the environment or allow people to manage the impact of their investments on the natural world. This push for green finance is certainly resonating with the wider public, as according to a report from cloud banking platform Mambu, 48 percent of people believe access to green…
Do young people need more Financial education?
Financial knowledge and awareness can affect countless aspects of our lives, from being able to budget for our weekly food shop and pay bills, to meeting our mortgage payments and having enough money to live off during retirement. So why are so few people receiving proper guidance and education on how to manage their finances? And what lasting impact can this have on a person? According to research by…
Will the Cost of Living Crisis hit buoyant housing market?
Last month, house price growth hit its highest level in nearly two decades, with figures from Nationwide showing an annual increase of 14.3 percent in March, up from 12.6 percent in February. On the face of it, this appears to be great news for everyone in the housing sector, from estate agents to mortgage advisers, as demand is soaring and asking prices are going up. But the UK is…
How much damage will the Ukraine War do to the global economy?
As this article is being written, Vladimir Putin is threatening ‘more invasions.’ Two British fighters captured in Ukraine have been sentenced to death: the BBC is warning of a possible cholera outbreak in Mariupol and the fighting continues in the Donbas. No doubt by the time you read the article the headlines will be different – but no less depressing. What now seems to be undeniably true – and…
Is Inflation heading past the 10% mark?
As inflation soars to a 40-year high, many analysts, households and businesses are asking just how much higher could it go? The rate of Inflation jumped from seven percent in March to nine percent in the twelve months to April, and according to the Bank of England, it’s likely to keep going up over the next few months, possibly to as much as ten per cent, but should fall…
Cost of Living Crisis to impact on Pension saving
Putting money aside for the future is one of the most fundamental principles of good financial planning. But with inflation at a 30-year high, and set to rise even further over the coming months, countless families and households are struggling to pay the bills and put food on the table. As a result, the idea of saving money for retirement is far from being their priority, as their overriding…
How many Bank of England base rate rises will we see this year?
Just recently, the UK’s inflation figures for March were released. Having been 6.2% in February, inflation had risen to 7%, the highest rate for 30 years. Across the Atlantic, the figures were even worse, as US inflation reached 8.5% – the highest since March 1981 – as the Ukraine war pushed up energy prices. In the US, it is almost certain that the Federal Reserve will increase interest rates…
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…
