With the Autumn Budget scrapped, Chancellor Rishi Sunak has outlined the government’s Winter Economic Plan to the House of Commons. The highlight was the much anticipated Coronavirus Job Support Scheme, which will replace the furlough scheme at the beginning of November.
Times are uncertain and, as the Autumn fast approaches, there is no sign of that changing. This will have a significant impact on personal finances and how wealthy or not you feel in the coming months. We have no control over what will happen but we can make sure we are as prepared as possible. This Autumn 2020 personal finance overview aims to give you the tools to navigate the coming months.
The UK is officially in a recession for the first time in 11 years. Not only are we now in a recession, we are in the “largest recession on record” according to the ONS. But is it possible to thrive in a recession? This post aims to give you the tools to not just survive […]
It’s no secret that coronavirus has been damaging to the economy and many have suffered and will continue to suffer as a result. Pressure has been mounting on the government to increase their economic response. They delivered in a Summer Statement or mini budget on 8th July. As we move into phase two of the […]
For the past three or four months, everyone’s focus has been rightly on getting by day-to-day and managing the health crisis. As we begin to move past the peak of the pandemic, attention is now shifting to the economy, which means tax increases are back on the table. Right now, we don’t know much but […]
Is getting back to the ‘normal’ financial systems we’ve been part of for so long really a good thing for our own personal finances and for society as a whole? Should we accept a financial crisis and income inequality? This is a slightly different post to usual. But, given the unprecedented events this past season […]
All interest rates are low at the moment, but it could be worth shopping around to see if there are better deals out there. To help, I’ve taken a look at the rates being advertised for online savings accounts by five of the UK’s biggest banks.
A lot of people will be facing a significant (20 percent) reduction in income in the coming months.
Here are five top tips to top up any missing income and maximise your bank balance.