On Wednesday 22nd November 2023, the Chancellor of the Exchequer, Jeremy Hunt delivered the Autumn statement to Parliament. In his opening statement, the Chancellor highlighted the decisions made by the government to curb inflation and get the economy back on track. He announced the government’s main five priorities: reducing debt, cutting tax and rewarding hard…
2023 has proved a difficult year for businesses across the UK with the retail sector in particular struggling to find it’s footing between tradition and transformation. This struggle has been brought into the spotlight with the recent collapse of budget retail giant Wilko, who entered into administration on 10th August, 2023, with 400 stores and 12,000 jobs currently at risk of disappearing from the market.
Like the previous 10-year high wasn’t enough, the Bank of England has again raised interest rates, now to a new 15-year high. On August 3rd the base rate was raised by a quarter percentage point putting the country at 5.25%,
You may have seen mortgage and interest rates being mentioned in the news more than usual recently. And with rates on the rise, you’d be forgiven for thinking ‘what is happening?’, and ‘why are they rising at such a fast rate?!’
A credit score is a simplified overview of your credit history, giving lenders and prospective loan providers a general idea of your previous credit commitments, repayments and reliability. Currently in the UK, credit scores are measured by three credit reference agencies (Experian, Equifax and TransUnion), who monitor and allow you to check your credit score.…
Millions are seeing their household bills rising, due to an increased cost of living and inflation currently affecting the UK. It’s estimated that one in five people will be driven into debt this year.
Understanding Liz Truss’ new energy plan Among the cost-of-living crisis and the mountain of headlines surrounding it. The recent conversative leadership race has finally come to an end with MP Lizz Truss announced on 5/9/2022 to be the next leader of the Tory party and prime minister of England. While this means a lot of…
Latest internal statistics at MoneyPlus show a sharp rise in cost of living related enquires and predict further rises later in 2022.
Why Debt Awareness Week Matters It doesn’t matter which rock you have spent the last few months living under, chances are debt, and the rising cost of living prices have found their way to you. 2022 is the year where debt discussion is more vital than ever before. What has, for many, either been quietly…
DRO update: Are you eligible? The rules around eligibility for a Debt Relief Order (DRO) have changed as of 29th June 2021, which means that you may now be eligible when you might not have been before. What is a DRO? A DRO is a type of insolvency that allows you to write off your…