Overcome the Deposit Barrier With These Tips

March 15, 2023

The deposit barrier is a significant challenge for many people who wish to buy their own homes.  Saving up for a deposit can be a daunting task, especially for first-time homebuyers.  The good news is that there are various strategies and...[Read More]

Bank Rate increased to 4% – February 2023

February 3, 2023

Monetary Policy Summary, February 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 February 2023,...[Read More]

It’s becoming increasingly common to help your child with their first home

December 14, 2022

In this article, we’re going to look at three options to help you do this. Why not take a look at the pros and cons of each and choose the one that’s the best fit for you? 1. With a cash gift A lump sum of cash is a great way to raise the...[Read More]

How to save money around the home during times of rising interest rates in the UK

October 12, 2022

With interest rates rising almost everywhere, including the United Kingdom, people have begun tightening their purse strings as best they can. However, decreasing spending to ensure your expenses match your reduced budget could mean barely any...[Read More]

What is quantitative easing? – Bank of England

October 19, 2022

Why does The bank of England use quantitative easing? It’s our job to keep the prices of things you buy low and stable, as this helps to support people’s jobs and incomes. Rising prices is called inflation and the UK government has set us...[Read More]

Is financial distress just life (events)? The factors that predict people suffering difficulties repaying their debt.

June 1, 2022

Our research finds Use of debt, and especially consumer credit debt, is frequently described in negative terms. But from an economic perspective, such debt plays a crucial role in allowing people to manage temporary cash-flow shortfalls and spread...[Read More]

2021-22 budget deficit exceeds March 2022 forecast

May 25, 2022

The initial full-year estimate of government borrowing in 2021-22 is ÂŁ151.8 billion, less than half the 2020-21 figure but ÂŁ24.0 billion above our March forecast (and ÂŁ16.7 billion above it on a like-for-like basis). This surprise relative to...[Read More]

Money and property when you divorce or separate

December 2, 2020

GOV.UK Getting a financial agreement If you agree Get help agreeing Get the court to decide Maintenance payments Tax when transferring assets Getting a financial agreement When you divorce or end a civil partnership you and your ex-partner...[Read More]

Cash and Covid: identifying gaps in provision during Covid-19

September 30, 2020

FCA Insights 29 September 2020 www.fca.org.uk   Access to cash is a pressing issue highlighted in the FCA’s recent Sector Views report, and the Covid lockdown brought added urgency to research. As the UK locked down, the FCA and the Payment...[Read More]

A financial system to support the recovery

September 23, 2020

Speaker: Charles Randell, Chair Event: Virtual roundtable of bank chairs hosted by UK Finance   Highlights: The coronavirus (Covid-19) crisis shows we need to reassess our approach to consumer debt, high risk retail investments and...[Read More]

Universal Credit

August 13, 2020

GOV.UK www.gov.uk What Universal Credit is Universal Credit is a payment to help with your living costs. It’s paid monthly – or twice a month for some people in Scotland. You may be able to get it if you’re on a low income, out of work...[Read More]