Tag: economy
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Should you worry about rising interest rates?
Interest rates are rising as central banks look to combat soaring inflation. In the UK rates now stand at 1%. But what does this mean? And should you worry about rising interest rates? In this post I’ll cover: What are interest rates? The impact on mortgages Rising interest rates and credit cards The impact on…
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2021 Budget – Will you be better or worse off?
We haven’t been short of financial announcements from the UK government this year, but the 2021 Budget is the most important. In this post I will run through some of the most important announcements for you. With rising inflation, increasing energy costs and an uncertain economic future means people are increasingly worried about their financial…
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What does the 2021 Budget mean for me?
What does the 2021 budget mean for me? Don’t worry if you’re trying to work this out still. Chancellor Rishi Sunak stood up in the House of Commons and spoke for nearly an hour this afternoon. That’s enough to confuse anyone! I’ve compiled the key points you need to know now, based on the policies…
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How much does a pint cost you?
For those who like to venture out to pubs and restaurants, the temptation to consume and spend in excess can be strong, particularly after months of restraint. If left unchecked, this could see your saving goals go out the window. But how much does a pint cost? And can you ever have ‘just one’? There…
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Five tips for investing during a recession
About a month ago I took the leap and made my first investment. Investing during a recession is difficult at the best of times. It’s even harder now because the recession has been caused by a global pandemic, which is unprecedented, and no one knows how it is going to play out in the long…
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It’s a taxing life: Everything you need to know about the future of tax
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…