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Families across the UK are facing a “devastating” winter of bill hikes - with energy bills set to skyrocket again, interest rates and inflation continuing to rise and warnings of a recession . Leading energy analysts are predicting the Ofgem price cap could hit a massive £3,359 in October - up £1,388 from the April price cap level of £1,971. The price cap is then expected to rise further still in January, with Cornwall Analysts suggesting it could reach £3,616. On top of this, the Bank of England has just raised interest rates from 1.25% to 1.75% - adding hundreds of pounds to homeowners with a variable rate or tracker mortgage, and pushing up the cost of borrowing. It comes as inflation continues to spiral out of control. Inflation is currently at a 40-year high of 9.4% and is expected to keep rising. Are you worried about rising bills this winter? Let us know: [email protected] Cost of Living Our Cost of Living team of experts are here … [Read more...] about Everything you can do NOW to prepare for ‘devastating’ winter bill shock

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email “Why don’t you just save some money so that you don’t run out next time?” my friend asks me after I politely decline her invite out to dinner. Once again, I’ve spent my monthly paycheck long before payday and I’m waiting, struggling until it comes around again. My relationship with money has always been tumultuous. When I was little, I’d spend my pocket money as soon as I had it. As a university student, I was constantly making impulsive purchases. When my first student overdraft ran to its limit, I got another one. And another. A form of neurodiversity, ADHD is defined by clinical psychologist Dr Rachel Woodward as “a neurodevelopmental condition that impacts the parts of the brain that control emotions, learning, memory and self-control.” The National Institute of Mental Health reports that men are almost three … [Read more...] about The hidden ADHD tax is landing women like me in thousands of pounds of debt

Published 29 September 2015 Share close Share page Copy link About sharing Four high-profile UK jihadists fighting or recruiting for Islamic State militants in Syria are to be subjected to UN sanctions, at the UK's request. The UN's updated sanctions list named the four as Omar Hussain from High Wycombe, Nasser Muthana from Cardiff, Aqsa Mahmood from Glasgow and Sally-Anne Jones from Chatham in Kent. They will face a travel ban and a freeze of their assets. The move is a new tactic to stem the flow of recruits to the IS group. At least 700 Britons have travelled to support or fight for jihadist groups in Syria and Iraq, according to British police. About half have since returned to the UK. 'Grandstanding' It is the first time since 2006 that Britain has submitted names to the UN sanctions regime, which was set up to tackle suspected al-Qaeda terrorism and extended to IS. … [Read more...] about Four British jihadists face UN sanctions

Liz Truss’s plans to slash taxes could trigger a wave of investment into the UK, the boss of Legal & General has said. Nigel Wilson, the influential City grandee and chief executive of the UK’s biggest pensions manager, said that cutting taxes on businesses could boost the attractiveness of Britain as a destination for international investors. Attracting overseas money could soften the blow as the economy heads into a recession, Mr Wilson said. "Reducing the tax burden will be seen by international investors [as a sign] that the country is open for business,” he said. It comes as Ms Truss and former chancellor Rishi Sunak, the two candidates vying to replace Boris Johnson as prime minister, continue to trade blows about whether immediate tax cuts would boost economic growth or stoke inflation. Ms Truss is in favour of rapidly cutting taxes in the hope it will stimulate economic activity, while Mr Sunak argues that slashing taxes now will only serve to prolong the … [Read more...] about Liz Truss’s tax cuts could trigger a wave of investment into the UK, says L&G chief