When will energy prices bite?

High energy costs are forcing manufacturers to warn of higher prices for their goods as they pass on increases to consumers. Iceland boss Richard Walker said higher energy bills and other costs meant price rises were now “inevitable”. The warning came as...

Growing demand for green investment trusts

Booming demand for green infrastructure investments has helped power a record run of fundraising for UK investment trusts, with managers breaking the previous annual record for capital raising in the first nine months of 2021. UK investment trusts have raised £8.7bn...

House price rises

House prices registered the strongest monthly rise for 14 years in September, pushing the average cost of a home to a record high and reversing a three-month decline in annual growth. Halifax, one of the country’s biggest mortgage lenders, said last month the average...

The end of cheap mortgages?

Homeowners are being urged to consider locking in with a low fixed-rate mortgage, as the price of home loans may soon surge. This is because the price of mortgages partly reflects the Bank of England base rate – currently at record lows of 0.1%. When interest...

Rising cost of defined benefit/final salary pension transfers

Fees paid by individuals transferring out of their defined benefit pension scheme have hit their highest levels since 2018, according to XPS, which warned savers could run out of money 10 years earlier as a result. XPS Pensions Group’s annual member outcomes survey,...

Winners and losers from the social care tax raid

Dramatic tax rises to fund social care were unveiled by the government this month, sparking criticism from the self-employed and limited company directors. From April 2022, National Insurance Contributions (NICs) will increase by 1.25% for employed and self-employed...