Money
The fundamentals of financial responsibility
7 December
Financial responsibility refers to the practice of handling money and other assets in a way that is in yourĀ (as the owner of the assets) or your familyāsĀ best interest.Ā Being financially responsible entails a certain level of proficiency in...[Read More]
Setting financial goals ā the basics
16 November
Saving a few pounds today can add up to a lot of money later on ā cash that you can use to start investing, pay off your debt repayment, or save for retirement. But to ensure you have a clear direction and achieve what you want, you need to start...[Read More]
How to save money around the home during times of rising interest rates in the UK
12 October
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]
6 Tips on teaching your kids about investment
19 October
How to Teach Your Kids About Investment As a parent, you want whatās best for your children. This is why you teach them about cleanliness, health, nutrition, good behaviour, the value of education and so on. But how come very few parents take the...[Read More]
Charging, reclaiming and recording VAT
19 October
As a VAT-registered business, you must chargeĀ VATĀ on the goods and services you sell. You must beĀ registered forĀ VATĀ to start chargingĀ VATĀ on your invoices. This guide is also availableĀ in Welsh (Cymraeg). How to chargeĀ VAT When you sell...[Read More]
The Bank of England is the second-largest custodian of gold in the world
8 September
The gold vaults hold around 400,000 bars of gold. Overview The Bank of England provides safe custody for the United Kingdomās gold reserves, and for other central banks. This supports financial stability by providing central banks with access to...[Read More]
Inflation and the 2% target
31 August
We are responsible for keeping inflation (price rises) low and stable. The Government has set us a target of keeping inflation at 2% Current inflation rate10.1% What is inflation? Inflation is a measure of how much the prices of goods (such as food...[Read More]