Countdown to the Autumn Statement
Remember remember the 5th of December. Chancellor George Osborne will deliver his 2013 Autumn Statement on 5th December 2013.
Watch the Farrell Financial Planning blog on Thursday 5th December to get easy to understand highlights of this year’s Autumn Statement.…
UK household debt sets new record
Household debt in the UK has reached a new high. Figures from the Bank of England show individuals now owe a total of £1.43 trillion, including mortgage debt. This is slightly above the previous record set in September 2008.
The …
UK inflation rate falls to 2.2% in October 2013
The Consumer Prices Index (CPI) measure of inflation fell to 2.2% in October, according to the Office for National Statistics.
The Retail Prices Index (RPI) fell to 2.6% in October from 3.2% in September.
Farrell Financial Planning does not give …
Interest rates to be linked to unemployment
The Bank of England has announced plans to keep the Bank of England base rate of interest at 0.5% until UK unemployment falls to 7%. UK unemployment is currently 7.8%.
The announcement was made by new governor, Mark Carney, at …
NS&I Reduces Rates on Premium Bonds
National Savings & Investments (NS&I) today announced that it is reducing the annual Premium Bonds prize fund rate by 0.20% to 1.30% on 1 August 2013. Also on that date, the odds of each £1 Bond number winning a prize …