Category Archives: Consumer News
Regularly switching your gas and electricity supplier to find the cheapest deal has now become the norm in the UK, with consumers having several different companies to choose from and a good few energy comparison sites to help them achieve the best savings with minimal effort. There is one huge market, though, that to date seems to have been left out of this retail revolution, and that is the UK water supply market.
On June 23rd 2016 the world waited with baited breath to see whether or not Britain would vote to leave the European Union.
Seeing as over half of Britain’s wealth is tied up in property the response to this decision could be life-changing for many people.
Hammering out a national budget is never easy, and coming up with one that will please everyone is well nigh impossible. It is almost inevitably reduced to a strategy of robbing Peter to pay Paul, and sometimes, as in the budget proposals announced in mid-March 2016, that strategy can backfire. A proposed reduction of £55 a week in benefit payments to disabled people, in order to possibly fund a middle-class tax giveaway, created a storm of protest – not to mention what amounted to a Tory civil war. The proposed action would have removed the PIP – Personal Independence Payment – benefits from more than 600,000 disabled people over the next five years, resulting in a savings of £4.4 billion by 2020. The Institute for Fiscal Studies claimed that the cuts would have caused 370,000 disabled people to lose an average of £3,500 a year.
We’ve spoken quite a bit about ISAs on this blog in the last month or so, so I’m not going to go to overboard today. The main reason we’ve been giving the subject so much attention, though, is due to the fact that the ISA allowance cut off date has been creeping up on us slowly but surely, so we wanted to give everyone plenty of notice about this so that they could make the most of their own personal ISA allowance, as well as the ISA allowances of their children.
If you were listening intently to the chancellor’s budget this year, then you may have heard an announcement about something called a ‘Lifetime ISA’. So, what exactly is this new Lifetime ISA and what are the potential benefits? Here we take a closer look at this new ISA to see what is being offered.