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Interest rates hold expected but Bank of England facing tough choices
Households feel the impact of a rising Bank rate through higher borrowing costs, but can benefit from more generous savings rates. Given the global picture, and market expectations of a higher Bank rate, a host of major lenders have already increased the cost of new fixed-rate mortgages in recent days. Andrew Montlake, chief executive of…
What Effect Will AI Have on Construction?
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Money and wellbeing roadshows for Northamptonshire residents
Residents are to be offered advice on coping with the challenges of winter through a series of money and wellbeing roadshows. Organised by West Northamptonshire Council, the events will bring together organisations to provide practical help, from home energy efficiency to debt advice – and mental health support. The events are part of the authority’s…
VAT to be cut from Isle of Man electricity bills in line with UK
A reduction in VAT from 5% to 0% will be applied to domestic electricity bills on the Isle of Man from October, the government has confirmed. The move mirrors the measure outlined in the UK, which is expected to be in place until the end of the 2026-27 financial year. Manx Utilities said, while the…
Sheffield’s Baby Basics UK opens bigger premises to meet demand
A baby bank which supports families with vulnerable children has moved to a bigger premises to help meet demand for its services. Baby Basics UK, which provides practical essentials to families with children up to five years old, has moved to Albion House in Savile Street, Sheffield. Since 2019 it said demand for help had…
