UK beats global stocks in early 2022

UK stocks have widely outperformed global equities this year, in a sign that investors are hunting for bargains as they exit higher-growth businesses whose appeal has been tarnished by expectations of interest rate rises. A broad MSCI index tracking UK companies has...

Second review of state pension age

The government has launched a second review into the state pension age via a consultation launched earlier this month. Baroness Neville-Rolfe has been appointed to prepare an independent report and make recommendations to the government on it. She will look at what...

State pension and inflation

Retirees in Britain face the worst disparity in their state pension payments when set against inflation since the triple lock was introduced over a decade ago, findings warn. In April, state pension pay-outs will rise by 3.1%, and be based on Consumer Price Index...

What next for the housing market?

Making predictions is never easy. Back in May 2020, the Bank of England warned that house prices could fall by as much as 16% as a result of the coronavirus pandemic. Following this news, homeowners – already navigating their way through an unprecedented situation –...

National Insurance rises

National insurance will rise by 1.25% from April 2022 for a year, to pay for the NHS and social care. Boris Johnson and chancellor Rishi Sunak said that the rise “must go ahead” and insisted it was the “right plan”, despite calls for it to be scrapped as households...

Top up your pension before end of tax year

Many people concerned about the inflation threat to their savings will be considering whether to put any spare money in an investment rather than a cash ISA in the current tax year. Consumer prices rose 5.5% in January, and previous expectations that the rate would...

House prices hit record high but slowdown looms

The average price of a home rose by 9.7% compared with a year earlier, gaining £24,500 to £276,759. However, monthly growth rose by 0.3%, down from 1.1% in December and the smallest monthly rate of increase since June 2021. Commentators expect the housing market to...

Stamp duty receipts hit new high

The stamp duty holiday has led to a significant fall in the number of people paying this tax over the last quarter, according to the latest HMRC figures. HMRC figures shows the number of property transactions subject to stamp duty land tax (SDLT) were 10% lower in Q4...

Council tax rebate

The majority of households in England are set to benefit from a one-off council tax rebate of £150 from April 2022. 80% of homes will be eligible for the extra money. Every homeowner with a property graded in bands A to D can receive the rebate. This will not need to...