Budget 2014: The headlines

Budget 2013 the headlinesGeorge Osborne, the Chancellor of the Exchequer, got to his feet at 12.30 today and over the course of the next hour delivered his latest Budget Statement If you have a pension or ISA the changes announced today are possibly the largest for a generation; read on to learn more. He started by saying that the “economy was recovering faster than forecast” and that “together with the British people we held our nerve” he then went on to announce huge changes to the way in ...

Budget 2013: Winners and Losers

Investment Sense Verdict_istockToday’s Budget included a wide range of measures which will affect us all; but were you a winner or a loser? For once there seems to be more winners than losers. However, with so many announcements, changes and alterations it might be a case of ‘swings and roundabouts’. Read on to find out if you have gained more than you have lost. Winners Tax-payers The Personal Allowance, the amount which can be earned before tax is paid, will increase to £10,000 from April 2014, a year earlier than ...

Inflation remains stable

Inflation remains stableFollowing a sharp rise in October, new figures have shown that inflation, as measured by the Consumer Prices Index (CPI), remained unchanged in November at 2.70%. The Retail Prices Index (RPI) actually fell, from 3.2% in October to 3% in November. However, if economists are right this short period of stability could soon come to an end. Falling prices Lower prices on a wide range of goods, including fuel, plane tickets, beer and carpets helped to keep inflation in check during November. However, many economists and financial experts believe that ...