Articles
Inflation hits Bank of England's 2% target
The economy has been a key issue in recent elections, with all political parties struggling to present plans for managing the escalating cost of living, and while the dropping inflation affects many, how exactly, is the question that remains.
UK General Election on 4th July: What we need to know
The UK General Election is set for 4th July. Here's what you need to know about voting and the election process.
UK inflation rate news: Prices continue to rise
In the year to April 2024, the price of goods in the UK rose by just 2.3%.1 It’s good news in that this is the lowest rate since September 2021. However, it’s still higher than the 2% target set by the Bank of England. The question is, will the Bank of England raise interest rates, or not?
Who gets 15 and 30 hours of free childcare?
The average cost of full-time childcare in the UK for 2024 is £15,709.1 The exact cost will depend on where you live and how many hours of childcare you need. This figure is estimated to be nearly half of the average full-time worker’s pay.1
To help parents, the government has introduced a new scheme, entitling parents to 15 hours a week of free childcare. At present it applies to children under two, the government hopes to extend this to children under five from 2025.
More than 7 million adults still struggling to pay bills
According to recent surveys, a staggering 7.4 million UK adults are still struggling to pay bills due to the high cost of living.1
The positive news is that the number is lower than last year. However, many households are feeling heavily burdened and as many as one in nine adults have missed a bill or credit payment in the six months up to January 2024.1
