Steve Hoyles

In a revolutionary step, World Athletics has announced that it will award a cash prize of $50,000 to Olympic gold medal winners in its events. It’s the first governing body to issue financial rewards for Olympic prizes in history. Intention to Reward Success Announced In a press release on their website, World Athletics said: “World … Read more

The farming industry has warned persistent wet weather has dramatically impacted domestic food production. This will see us rely on imported food to satisfy demand, driving up prices. Problematic Weather for Farmers The warning about food production comes shortly after the Met Office announced that February was the fourth wettest on record. The poor sowing … Read more

Britain’s biggest mortgage lender, Halifax, reported that house prices fell in March – the first fall in six months for the UK housing market. Higher Borrowing Costs Cooling Market The lender said that higher mortgage rates stunted buying ability and appetite, leading to a 1% (£2,900) drop in average purchase price. The average UK property … Read more

A survey from the Financial Conduct Authority (FCA) has shown that over 7 million UK adults are struggling to manage household finances. Increased Cost of Living to Blame The data in the report shows that the increased cost of living is to blame for financial stress, with mortgages, rents, utilities and food prices all increasing … Read more

Shadow chancellor Rachel Reeves says plans to invest in more tax officials would help raise £5bn a year for the public purse. This money would be used to help fund the NHS and school breakfast clubs. Announcement Comes After Spending Commitments Questioned The government has announced plans to scrap the non-dom status currently enjoyed by … Read more

In a UK first move, Manchester has raised £2.8m by introducing a tourist tax. The money will be spent on marketing and maintenance of the city.  How Much is the Tourist Tax? The tax is better known as the ‘City Visitor Charge’, and it’s a £1 per room, per night fee. It was first introduced … Read more

Rising borrowing costs and high inflation blamed for expected rent rise according to a leading think tank. Predictions from the Resolution Foundation say that there are ‘significant housing cost rises yet to come’. Borrowing Costs Highest in Almost Two Decades Following the interest spike caused by the disastrous Truss and Kwarteng budget, anyone with a … Read more

On Monday, the state pension rose to 8.5%, a very welcome income boost for pensioners who have struggled to keep up with rising prices. How Much is the State Pension Currently Worth? Prior to Monday 8th, the state pension was £203.85 a week for the full, new flat-rate state pension, or £156.20 a week for … Read more

Official government data shows the gender pay gap is now smaller than at any time since mandatory reporting began. Whilst on average men still earn more than women, there has been tangible progress made. Report Suggests Women Paid 91P for Every £1 Paid to a Man The median pay gap is now 9.1p, which means … Read more