CashNews.co Inflation in the eurozone fell to a three-year low of 2.2% in the year to August, confirming a flash estimate two weeks ago. However, it still remains above the European Central Bank’s (ECB) 2% target despite the ECB cutting interest rates. The Consumer Prices Index (CPI) came down from 2.6% in July, Eurostat said […]
CashNews.co UK house prices rose by an average of 2.2%, to £290,000, in the year to July, according to official data. This annual growth rate is down from 2.7% in the 12 months to June 2024, data from the Office for National Statistics shows. Average house prices in England rose 1.6% to £306,000, were up […]
CashNews.co JAKARTA Blockchain technology is increasingly attracting the attention of financial institutions in various countries. One of them is UK Finance, an institution that represents the financial services industry in the UK. UK Finance recently announced promising experimental results from the Regulated Liability Network (RLN) project. This blockchain-based network is DESIGNED to manage central bank […]
CashNews.co A tax expert has issued a ‘sell now’ warning over a much feared tax change Labour could introduce in its October budget. Labour has already warned that its upcoming October budget will be ‘painful’ as it looks to plug what it says is a “£22billion black hole” in the public purse. And one tax […]
CashNews.co New figures have revealed a £100 property bombshell that is hitting people in the pocket. Rent rises continue to outpace increases in wages as tenants remain in the grip of a cost of living squeeze. The average increase across the UK was 8.4 percent in the year to August, taking the figure up by […]
CashNews.co In the wake of soaring inheritance tax receipts, which reached a staggering £7.5 billion last year, UK families are being encouraged to get their affairs in order by drafting a Will, particularly as the new Labour Party government plans a tax clampdown. Stacey Love, a tax and estate planning expert from Canada Life, shared […]
CashNews.co The Organisation for Economic Co-operation and Development (OECD) has warned that “significant action” is required to stabilise the UK’s public finances, urging Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends scrapping stamp duty, scaling back the pension triple lock, and updating the council tax system. The report highlights mounting financial pressures from […]
CashNews.co Shoppers across the UK can unlock cashback rewards upwards if they hold a Sainsbury’s Nectar Card. By applying for the American Express Nectar Credit Card, eligible cardholders can earn upwards of £225 in cashback. With millions of Nectar users already enjoying discounts and rewards, this offer provides an easy way to boost savings even […]
CashNews.co A financial expert has warned that people with cash in ISAs could be at risk if Labour decides to make a tax raid on their savings. Speculation is growing about how the government plans to fill in a £22 billion black hole in the public finances it says it inherited from the last Conservative […]
CashNews.co 18 September: Bank Rate Likely To Hold At 5% Tomorrow The headline rate of inflation rose by 2.2% in the 12 months to August, unchanged from July, according to figures out today from the Office for National Statistics, writes Kevin Pratt. But once volatile prices for items such as food, alcohol, tobacco and energy […]