August 2022 News Archive

Inflation rose by 10.1% in the 12 months leading to July, according to the latest figures from the Office for National statistics (ONS). In comparison, inflation was recorded at 9.4% in the 12 months leading to June.

Inflation rose by 10.1% in the 12 months leading to July, according to the latest figures from the ONS.

Over £300 billion worth of savings is still sitting in accounts offering a rate of 0.1% or less, according to research released by Paragon Bank and CACI, a data company, yesterday.

Over £300 billion worth of savings is still sitting in accounts offering a rate of 0.1% or less, according to research released by Paragon Bank and CACI.

The Bank of England (BoE) has voted to increase the base rate by 50 basis points today, the highest increase in 27 years. It now means the base rate stands at 1.75%.

The Bank of England (BoE) has voted to increase the base rate by 50 basis points today, the highest increase in 27 years.

Consumers borrowed £1.6 billion through equity release between April and June this year, according to the latest figures from the Equity Release Council (ERC). This equates to £700 million more than what was borrowed in the first three months of the year.

Consumers borrowed £1.6 billion through equity release between April and June this year, according to the latest figures from the Equity Release Council (ERC).

Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover, according to data collected from Moneyfacts in May. In some instances this can be as much as 24 hours before someone can claim, which can be less than ideal for an individual or family with no place to stay for free nearby while they await their next flight.

Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover.