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The Money section of Finance Monthly is your comprehensive guide to all things finance, from managing debt to smart investing. This section offers a wealth of resources for individuals seeking to enhance their financial literacy and take control of their finances. Written by experienced contributors, these pieces are designed to help you make informed decisions, maximize your financial resources, and navigate the complexities of the financial world with confidence.

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Green party promises for the economy

12th June 2024
The Green Party Promises   Taxes Raise National insurance to 8% for people earning over £50,270, this would affect less than 5m people. Someone earning £55,000 will pay £5.46 more a week or £283.74 a year.   Introduce a 1% wealth tax on assets over £10m and 2% for those over £1bn.   The promised […]
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How much National debt does the UK have?

12th June 2024
How much debt does the UK have? In the year ending March 2024, the ONS reports that the government borrowed £121.4bn. The report showed that the government borrowed £7.3b more than the £114.1b forecast by ONS. Overall, National debt has reached levels of £22.7 trillion which has been built up over the years. ONS report […]
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What is Stamp Duty and how much do I pay?

12th June 2024
When you buy a residential property such as a new home you will have to pay stamp duty, a tax to transfer the ownership of the property. Stamp duty is another part of buying a house you need to be aware of and make sure you know how much you have to pay.   How […]
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The Conservative manifesto affects you

11th June 2024
Today, the Conservative party have announced their manifesto with Rishi Sunak stating their pledges for their time in parliament if they are voted in on July 4th.   The pledges which could affect you   If you're planning to buy a home Reviving the Help to Buy scheme for first time buyers. The government will […]
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The dangers of underestimating the minimum cost of retirement

11th June 2024
More than half of Brits are in the dark or ‘dangerously underestimating’ the minimum cost of retirement How much you will need to live on when you retire is a question that can often lead to uncertain answers, and a recent study conduced by pension provider Pension Bee has found that it confuses many. A […]
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What happened to the Renters' Reform Bill and will the general election change anything?

6th June 2024
The Renters’ Reform Bill has been seen by many as a silver bullet to rebalance the relationship between renters and landlords, but it will not be rubber stamped before the general election on 4 July. Last month before the surprise announcement of the election the bill reached the House of Lords, but later it was […]
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Which supermarket loyalty scheme is the best for saving money 2024?

30th May 2024
Now prices are returning to more normal rates, going shopping may be less stressful and buying yourself a treat for the week could become more viable. Supermarkets are always competing with each other to offer the best rewards and prices to entice customers to make them their regular shop. Certain supermarkets are now introducing a […]
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Supermarket challenges encourage over spending

30th May 2024
Tesco, Asda, Morrisons and Sainsbury’s have all added a new feature to their loyalty schemes, offering their members bonus points for hitting targets. The schemes set spending targets and challenges which when met will reward the shopper with more savings and rewards.   The supermarkets claim this feature give their shoppers a more personalised saving […]
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House prices reach record high in spring sales boost

30th May 2024
The average asking price for a house in the UK has reached a record high in May according to online property portal Rightmove. House prices have reached £375,131 as national average for this month, compared to the £372,324 average that was found for April. It’s not unusual for prices to climb upwards during the spring […]
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Household energy bills to fall in July under new cap

29th May 2024
Energy regulator Ofgem has announced good news for households as energy bills are due to fall from July as the energy bill cap has been adjusted. From 1 July to 30 September the price for energy in a typical household who use electricity and gas, will go down to £1568 per year. Overall, it‘s a […]
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Pet Insurance prices rising

23rd May 2024
With 16m pet owners in Britain the consensus on prices in the pet industry is largely, very unhappy! With vet prices increasing and pet insurance doing the same it is becoming harder for people to afford their beloved pets.   In 2023 just in the months of July to December pet insurance prices rose by […]
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Are your vets overcharging you?

23rd May 2024
In Britain there are around 16m household with at least one pet, a large market for vet practices pet services. Many people feel that their vet practice is overcharging for prescriptions and treatment services including medication. The CMA have launched an investigation into the vet industry which is expected to take around 18 months to […]
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