Articles
What is the Ofgem energy price cap and how much are bills going down?
Energy bills have risen dramatically in recent years, placing a severe financial strain on many already struggling families. Fortunately, there is some relief on the horizon. Ofgem has decided to cap gas prices at 6p per kilowatt hour (kWh). Electricity will be capped at 24p per kWh1.
Budget 2024: When is it and what will it mean for my money?
The budget statement is delivered in the House of Commons annually and provides a guide to what the government intends to do financially. Specifically, where they are committed to spending more money, how the funds will be raised, and whether there will be any tax hikes or cuts.
Less scope for tax cuts in budget
Jeremy Hunt hasn’t poured cold water on the chances of tax cuts in the March Budget announcement, but he has revealed that there is less scope to implement tax cuts than he hoped there would be previously.
Mortgage rate cuts despite economic fears
Several mortgage providers have announced cuts to mortgage interest rates, including HSBC, NatWest, TSB and Metro Bank. This aligns with the BBC recently reporting data that the average two-year fixed mortgage rate has dropped from 5.93% at the start of the year to 5.62% today.
Inflation falls to 3.9%: Will interest rates be cut?
If you’re a homeowner paying a mortgage, the latest data from the Office for National Statistics (ONS) should encourage you into action. We’ve outlined the key facts and what you need to know.
