Dragons’ Den reject ridiculed over ‘tacky’ product went on to turnover £1.8million | Personal Finance | Finance

Peter Jones said he thought James was asking “for a ridiculous amount of money” on the show. He said: “I think you should have come in here saying, ‘I’m unsure with what I’ve got. I’ve got a verbal arrangement but hey it’s a punt, but if it works it could be good for you.’ “I would have invested in that but you’ve placed More...

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By admin On Saturday, September 24th, 2022
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State pension age rise could see over 60s lose freebie benefits – full list | Personal Finance | Finance

Those who reside in England are eligible for freebie benefits once they reach the state pension age. Among those benefits include the free bus pass and Pension Credit, which entitles claimants to multiple support More...

By admin On Saturday, September 24th, 2022
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Bank of England interest rate rise: Mortgage borrowers ‘likely to suffer’ after increase | Personal Finance | Finance

But, it might not be all bad news for tenants who would like to get on the property ladder. Ms Flynn said: “With landlords turning their backs on rising mortgage interest rates, there could be an increasing More...

By admin On Saturday, September 24th, 2022
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Free prescriptions warning: Make sure you are eligible or face a £100 fine | Personal Finance | Finance

If someone claims their prescriptions for free when they do not qualify for it then they could face the consequences of receiving a £100 fine, as well as other payments on top. NHS England stated that the fine More...

By admin On Saturday, September 24th, 2022
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Help for first time buyers as third of homes are now free of stamp duty | Personal Finance | Finance

The nil-rate stamp duty band is doubled from £125,000 to £250,000 in England and Northern Ireland. This means an average extra 200,000 ­buyers will pay no stamp duty at all. Of those, 60,000 will be first-time More...

By admin On Friday, September 23rd, 2022
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DWP responds to petition for Carer’s Allowance to be increased inline with minimum wage | Personal Finance | Finance

A petition calling on the Government to increase Carer’s Allowance inline with the National Minimum Wage of an 18-year-old has accumulated more than 20,000 signatures – double the amount that is More...

By admin On Friday, September 23rd, 2022
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Mini-budget POLL: Share your thoughts on Kwasi Kwarteng’s mini-budget | Personal Finance | Finance

Is it right to cut basic rate of income tax to 19 percent and abolish the 45% higher tax rate? He also announced a cut in basic income tax to 19 percent from April 2023 – down from the current 20 percent paid More...

By admin On Friday, September 23rd, 2022
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Free prescriptions may be scrapped for over 60s due to potential state pension rule change | Personal Finance | Finance

As it stands, anyone 60 or over in England is eligible for free prescriptions on the NHS but that could change. The Government has undertaken a consultation into aligning the ‘freebie’ benefit with More...

By admin On Thursday, September 22nd, 2022
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‘People are losing their homes’ Campaigners call for more help for mortgage prisoners | Personal Finance | Finance

The Bank of England (BOE) hiked interest rates for the seventh consecutive earlier today from 1.75 to 2.25 percent, a decision which will mean mortages become more expensive. Today’s base rate decision More...

By admin On Thursday, September 22nd, 2022
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BoE confirms UK economy has plunged into recession after 0.5% rise | City & Business | Finance

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown, said: “The starting whistle has been blown on the economic tug of war between the Bank of England and Liz Truss’ government. “This More...