UK economy will not experience recession and will now grow faster than Germany, IMF claims

The International Monetary Fund (IMF) has stated that it does not expect the United Kingdom to enter a recession this year. It added in an update to prior predictions, “Buoyed by resilient demand in the context of declining energy prices, the UK economy is expected to avoid recession and maintain positive growth in 2023.” However, … Read more

Leaked: Gov’t overtaxed UK pensioners by over £1 Billion – how to claim money back

According to the latest numbers, pensioners in the United Kingdom may have paid £1.01 billion more in pension tax than they should have. HMRC has charged extra tax on early withdrawals from a ‘defined contribution’ pension account after pension flexibility regulations were implemented in 2015. In this situation, HMRC would issue an emergency tax rate … Read more

Energy Crisis: Brits owed nearly £7 BILLION in money by suppliers

As of the beginning of April, energy suppliers had roughly £7 billion in customer cash following a mild winter and cautious consumer usage meant they consumed less gas and electricity than expected. According to research produced by comparison site Uswitch.com, over 16 million homes are allegedly due £6.7 billion in aggregate credit to their suppliers, … Read more

Brits should ‘start accepting they’re poor’ says Bank of England boss getting £190K salary

A Bank of England boss earning £190,000 per year has said that British families must “accept that they’re worse off” as inflation rates rise. Huw Pill, the Bank’s senior economist, stated that Britons should cease demanding pay raises that drive up costs. According to Pill, the economy is playing “pass the parcel” as families and … Read more

Millions of Brits to receive latest cost-of-living payments – are you eligible?

To help with continuous rising bills, low-income households are now receiving the current cost-of-living allowance from the government. Between now and May 17, eight million means-tested benefit claimants, including those on Universal Credit, should get the £301 instalment. More nearly equivalent payments will be made in the autumn and next spring. Everything will be transferred … Read more

Brits left with only 3 months to claim tens of thousands of pounds for state pension

Millions of households in the United Kingdom have only three months to check and collect tens of thousands of pounds in additional state pension. Last month, the government extended the deadline for Britons to fill gaps in their national insurance contributions in order to increase state pension benefits. The extension was necessary because to government … Read more

Retired Brits to receive HIGHEST INCREASE in State Pension – but there’s a catch

Retirees will receive their highest increase in state pension payments beginning today, but claimants will still be worse off. Retirees will now be entitled to £203.85 per week, up from £185.15 under the state pension triple lock, which sees payments rise by the highest of inflation, average earnings, or 2.5 percent. This equates to a … Read more

Grave warning as broadband bill surge gives Brits ‘very tight window’

Millions of broadband users are about to face some of the most expensive price increases in history, with some providers raising prices by more than 14% in the coming weeks. A consumer expert has warned that if Britons want to reduce an impending broadband bill surge, they must act as early as now.  It comes … Read more

Fury as British homes to be penalised for using domestic gas for Net Zero push

In order to meet net zero goals, households will be penalised if they do not switch from gas, according to a new rule announced today. Grant Shapps, Secretary of State for Energy Security and Net Zero, commented on the new proposal on Wednesday. If we want people to switch to an electricity-based economy, [levies] should … Read more

Brits to face HIGHER energy bills for 10 years if Net Zero pushes, economist claims

Households are facing a decade of higher energy bills from the race to hit net zero and inflated gas prices, KPMG has warned. According to Yael Selfin, chief economist at KPMG, bills will remain high for the next five to ten years because the “transition to net zero will add cost one way or another … Read more