State pension should rise in line with earnings, while ‘fundamental reform’ of pensions tax relief is needed, according to an influential cross-party parliamentary committee of MPs.
A former pensions minister has accused the government of ‘burying bad news’ as the Treasury made a statement to Parliament on pensions cold calling on the same day as the publication of the now-infamous Brexit White Paper and the arrival of the US president.
House prices should be held at a rate of zero inflation to rebalance the UK economy and to prevent another housing crisis, according to the Institute for Public Policy Research (IPPR).
The think tank’s report recommends the Bank of England creates a separate inflation target for house prices with a target rate of zero for five years.
Call for further tax crackdown on buy-to-let landlords
Low stock, poor planning and buy-to-let investing are the biggest issues facing the housing market, according to new research from think tank Onward.
Vulnerable people may be let down by the government as it struggles to meet its own deadline for introducing legislation, which would ban pensions cold calling.
Inflation figures released today by the Office for National Statistics (ONS) recorded no change in inflation growth levels.
Savers with larger deposits will be unhappy that NS&I has slashed the ceiling on its deposits.
The change relates to NS&I’s one- and three-year guaranteed growth and income bonds. Previously, savers were able to deposit up to £1 million with these products. Now however, NS&I have slashed this limit to just £10,000. This is effective immediately.
Parents are now effectively a mortgage lender with a £5.7 billion loan book in 2018, according to financial services group Legal & General (L&G).
More than a quarter (27 per cent) of home buyers have received help from the ‘Bank of Mum and Dad’ so far this year. When looking specifically at under 35s, nearly three in five (59 per cent) have received support from parents to get on the property ladder.
The Bank of England could raise interest rates twice this year, according to a leading forecasting group.
Savers will cheer the latest inflation figures, as the number of accounts beating inflation triples. Here are the best buys.