Will Interest Rates Cause A Surge In Insolvencies?
It\’s been observed that there\’s a rising trend in the number of insolvencies, with experts predicting it may continue in the foreseeable future, primarily due to the Bank of England\’s increased interest rates. In September, we noted a 17% increase in insolvencies from the previous year, totalling 1,967 company insolvencies. This figure surpasses levels observed […]
Where to Seek Help in the UK When You Can\’t Afford Your Bills
Financial difficulties can arise unexpectedly, leaving individuals and families struggling to make ends meet. There are however, resources and assistance available to provide support when you can\’t afford your bills. This blog explores various avenues where you can seek help, from government programs to charities and financial advisors, to help you regain financial stability and […]
Common Scams And How To Protect Yourself From Them
Scamming is as old as humanity. In fact, its underlying concepts have remained much the same throughout history. All that’s changed is the channels through which scammers operate. Unfortunately, digital technology has made it much easier for scammers to hide. Fortunately, it’s still straightforward to protect yourself against them. Understanding the basics of scams Fundamentally, […]
Are you spending too much?
Impulse buying is essentially mindless buying. In other words, it’s buying something without a clearly defined need or want. Probably most people do it to some extent and in most cases, no real (financial) harm is done. For others, however, impulse buying can do serious harm to their finances. With that in mind, here are […]
Mortgages could cause household woes
As homeowners, it\’s crucial to be prepared for the possibility of an increase in mortgage interest rates. Such increases can impact monthly repayments and overall financial stability. This article will explore five effective strategies to help homeowners navigate potential rate hikes and hence ensure they are equipped to handle higher mortgage costs. Reviewing current mortgage […]
Cost-of-Living Crisis & the Hospitality & Leisure Industry
It has been well documented that we are currently going through a cost-of-living crisis. With everyone tightening their purse strings, the effect this is having on the hospitality and leisure industry is catastrophic. When looking at finances, whether personal or business, usually the first thing that will go are things considered ‘luxury items’ such as […]
Are fuel costs biting into your budget?
High fuel costs tend to affect everybody, including people that don’t run cars. People who have to run their own vehicles, however, tend to be the most affected. With that in mind, here are some tips on how to reduce your fuel costs. Many of these also apply to electric vehicles. Where there are differences, […]
Are You Planning For A Low-Cost Christmas?
Currently, it looks as though Christmas 2022 will see a return to normal festive activities (or at least something close to it). In many ways, this news really is glad tidings for everyone. At the same time, it’s probably fair to say that many people are going to feel the need to tighten their belts […]
All Change For Universal Credit
The £20-a-week Universal Credit uplift is no more. Instead, there is an increase to the work allowance and a reduction in the taper rate. This helps those in work but not by as much as the original uplift. Here is a quick guide to what you need to know. What exactly has changed? Despite protests, […]
Why are so many struggling financially?
It’s highly unlikely that many people mourned the departure of 2020. Sadly, 2021 has not seen life return to what it was before the pandemic (or Brexit). It has instead been a slow and sometimes painful march towards a new normal. What’s more, this march has been at a very uneven pace with some people […]