UK combined home insurance premiums rose 8.5% to an average of £231 according to recent data Material shortages, labour expenses and inflation rates have driving up repair and rebuild costs Make sure you don’t invalidate your insurance by leaving a spare key where it can be easily found Extreme weather conditions. Rising construction costs. Higher […]
Author archives: servicedemoevolvesites
News in Review
Bank of England cuts Bank rate to 4%, aiming for 2% inflation target medium-term NIESR warns Labour may need tax rises to meet fiscal rules and address growing budget deficit Trump’s new tariffs impact over 90 countries, with negotiated lower rates offering partial stability post-deadline “We will do what it takes to return inflation to […]
Healthy uptick in investing confidence
Investment optimism has surged, particularly among under-35s Over half of 25-34s are now actively investing, with many planning to increase contributions Long-term strategies can help convert confidence into meaningful financial outcomes UK investors are showing renewed confidence, with last year marking a notable shift in sentiment – particularly among younger wealth-builders. According to research1, investment […]
In the News – Money
UK Q1 dividends fell 4.6% but beat expectations The headline total paid out to shareholders in Q1 was £14bn UK holidaymakers are spending significantly more this year Holiday spending soars Planning to jet away on a summer holiday? If so, you’re in good company – 83% of UK adults1 are planning holidays this year. Interestingly, […]
News in Review
The IMF has revised its global economic growth forecast upwards for 2025 and 2026, despite ongoing trade tensions A recent Supreme Court ruling has limited compensation claims for car finance customers, but a redress scheme is under consideration The Inheritance Tax take has risen due to higher asset values and frozen tax thresholds “The world […]
Bank of Mum and Dad – worth their weight in gold
Over half of fist-time buyers relied on family financial help in 2024 to get a foot on the ladder BoMaD support averaged £55,572 per buyer across 173,500 transactions Falling mortgage rates may reduce reliance on family, but not eliminate it altogether More than half of first-time buyers relied on family to get on the property […]
Economic Review – July 2025
UK economic output shrank for the second month in May, driven by weakness in manufacturing and construction Inflation rose unexpectedly to 3.6% in June, complicating the Bank of England’s rate-cut considerations Labour market shows signs of cooling, with falling vacancies and slowing wage growth amid economic uncertainty UK economy still struggling to expand Figures published […]
News in Review
UK–India trade deal slashes tariffs and is set to boost the UK economy by £4.8bn annually Vehicle production hits lowest H1 level since 1953, despite a slight rise in electric car output Public borrowing rose to £20.7bn in June, putting pressure on potential tax increases After more than three years of negotiations, Britain has sealed […]
How the ‘great wealth transfer’ impacts you
Baby boomers hold over half of the UK wealth and should start legacy planning now Gen X can benefit from early financial advice to simplify future decisions and manage inherited wealth Millennials are motivated to build wealth and should start planning early to prepare for what’s ahead The UK’s ‘great wealth transfer’ will see an […]
Investors warned as cloning scams surge
Nearly a quarter of brand cloning scams succeed, costing investors £2.7m in H2 2024 AI is fueling more convincing scam tactics that mimic real firms Verifying legitimacy before investing is more important than ever Cloning scams are now the top fraud threat to people wanting to invest, a new study shows1. The Investment Association (IA) […]
