Retirement may seem like some way off, but it pays to start preparing as soon as you can. So what specific areas should you think about, in order to make sure you can afford the type of retirement you want and deserve? Set your goals Think about what you want to get out of retirement. …
Although the government has made tackling inflation one of its core priorities for 2023, the rate of price increases remains stubbornly high – staying stuck at 8.7 per cent in the year to May. As a result, many analysts and observers are expecting the Bank of England to continue hiking up interest rates for some …
You can’t have failed to hear all the buzz about Artificial Intelligence (AI) in the last few months, in particular language models such as ChatGPT. From helping jobseekers write a CV or covering letter, to putting together a household shopping list, it’s gradually becoming a much bigger part of people’s lives. So it’s only natural …
Introduction Sluggish growth and high inflation were recurring themes in many major and emerging economies last month, as central banks across the globe sought to manage the impact of global economic headwinds. But interestingly, many emerging markets bucked this trend. As always, let’s take a closer look at the details. UK The UK economy saw …
If you were asked to make big financial decisions, how sure are you that you’d make the right ones. Well, a new study by PwC and YouGov has found that nearly nine in ten people feel confident or very confident in making decisions about their money. But the same research suggests that, for many, this …
Average house prices rose by 5.5 per cent in the year to February 2023, according to the latest official figures, taking the average price of a property to £288,000. That’s £16,000 higher than it had been a year earlier – and this surge in house prices has had wide-ranging consequences, most notably, pricing many people …
Households all over the country are under huge financial pressure as double-digit inflation continues to bite, and people are becoming painfully aware that their regular income will only go so far as prices keep heading up. With that in mind, it’s understandable that many will be looking for ways to generate additional revenue, such as …
Introduction Economic growth remained subdued at best in many major markets throughout May, as high inflation continued to affect households and businesses across the world and hit confidence. But significantly, some emerging markets such as India have bucked this trend and seen impressive rates of growth. As always, let’s take a closer look at the …
Wanting to look after your family is one of the most natural impulses in the world, and that’s one reason why you’ll want to make sure your finances are in order, so you can provide for them after you’re gone. But another way to help your loved ones is to instill good financial habits into …
Interest rates have been heading in one direction for more than a year now, rising from 0.1 per cent in December 2021 to 4.25 per cent today. That’s had a very real and tangible impact on households in the form of higher mortgage repayments, and also pushed up the cost of borrowing for businesses too. …
