At the end of September the old paper £50 and £20 notes will no longer be legal tender. But has cash in general had its day? In 2010, 56% of all payments were made in cash, according to UK Finance. … Continue reading →

The world’s share markets had a bad first half of 2022, but for once the UK performance was better than many. Index 2022 H1 Change FTSE 100 -2.9% FTSE 250 -20.5% Dow Jones Industrial -15.3% Standard & Poor’s 500 -20.6% … Continue reading →

The high marginal tax rates created by phasing out the personal allowance are back in the news. ‘A million to pay 60% income tax within years,’ ran a recent headline in The Sunday Telegraph. The next day The Times picked … Continue reading →

New research shows how the most recent increase in state pension age has hit those affected. The last change in State pension age (SPA) was phased in between December 2018 and October 2020. Over that period, the SPA for both … Continue reading →

June was a month for rising interest rates on both sides of the Atlantic. Source Bank of England, Federal Reserve June was a notable month for interest rates: Firstly, the US central bank, the Federal Reserve (the Fed) increased its … Continue reading →