Two out of three individuals say that worrying about finances has a significant impact on their mental health. The survey, conducted by Smarterly, found that 90% of employers agreed that financial worries had a negative impact on an employee’s mental health, while 87% also attributed financial woes to having an adverse impact on an employees’ performance.
Published: 23 May 2020
Hours after the PMI data confirmed that British manufacturers are cutting production at the fastest rate since 2012, the Bank has once again balked at the chance to stimulate the UK’s Brexit-addled economy with a rate cut.
Published: 10 October 2019
“We avoid them not because we don’t believe in their business models or their growth potential, but because of a combination of the valuations of these businesses in relation to the risks involved as well as the fact many have never made a profit.
Published: 22 August 2019
The latest set of Investment Association (IA) data tells us where investors were putting their money in March, during peak ISA season. It was yet another poor month for the UK All Companies sector as investors pulled out £365 million, marking two years of continuous outflows.
Published: 4 May 2019
More likely, those caught in the payday poverty cycle, in which a monthly windfall doesn’t fit with the volume and frequency of outgoings that modern life imposes on us, forces people into short-term borrowing. They are using credit cards to make ends meet in a doom loop of credit dependency.
Published: 28 April 2019
Wagestream analysed the amount of payday lending in each postcode area following a Freedom of Information request to the Financial Conduct Authority (FCA). The data reveals Britain’s ongoing dependency on payday loans, which can charge interest rates of up to 1,500 percent APR.
Published: 24 April 2019
Under a deal negotiated by unions including GMB on how to draw benefits due to the cost cap mechanism the £2 billion was going to be paid back to the workers by reducing their future pension contributions and/or improving benefits.
Published: 21 April 2019
First-time buyers sprang into action when the government’s housing scheme was first launched in 2013, making the most of the equity loan which, in the capital, covers up to 40 percent of a new build home worth up to £600,000.
Published: 31 March 2019
While 88 percent of employers think that their employees worry about money, just a third (30 percent) think money worries impact their staff while at work. However, the reality on the ground is very different. Three quarters (73 percent) of employees say that money worries impact them at work.
Published: 4 March 2019
As a result, affected parents have been landed with large backdated tax bills and penalty charges. Consequently, high earning parents claiming Child Benefit to check their tax affairs urgently to ensure they have not left themselves liable to additional tax liabilities totalling thousands of pounds in some cases.
Published: 25 February 2019