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Top tips to reduce living costs
The average British household is facing another “heat or eat” period with energy bills soaring and Reuters reporting that fresh food has increased 15% over the last 12 months from December 2022. If you’re one of the households struggling right now, you might want to know about these top tips to reduce living costs.
Housing market heading for a downturn
The Office of Budget Responsibility (OBR) has forecast that UK house prices will decrease by 9% between the end of 2022 and September 2024. The OBR also predicted that house prices will begin to bounce back with 2.1% growth in 2025. So, how did we get here and why is the UK property market heading for a record slump?
Autumn Statement 2022 - Key points
Chancellor Jeremey Hunt recently unveiled his plan to improve and eventually fix the UK economy within his Autumn Statement. The statement includes some big decisions, including increases to taxation and spending cuts equalling billions of pounds. Here is a summary of the key takeaways from the Autumn Statement.
Bank of England warns UK of longest recession ever recorded
The Bank of England (BoE) is projecting that the UK will experience its longest-ever recession since the record books began. This message came alongside a 0.75% increase in the base rate, which is the most aggressive increase for 33 years.
5 things to know about the future UK economy
The Bank of England (BoE) has made several projections about the immediate future of the UK economy. From unemployment rates and recession to mortgage rates, here are five things that the central bank is predicting.
