Will The Government Address Inflation and The High Cost of Living?
The quick answer is yes!
The Chancellor of the Exchequer, Rishi Sunak, has announced in the Spring Statement he may not “scrap” the National Insurance increase that was planned, but will cut fuel duty by .5p.
So if you don’t drive, no real savings.
He did say he will raise the amount when we begin paying National Insurance from £9,600 to £12,570. So some savings.
You can read the full story at the BBC News here.
Are You Eligible For The New Council Tax Rebate?
You may have read the government has decided to give most households a £150 rebate on their Council Tax bills. It is a rebate/grant, that does not have to be repaid, whoo hooo!
You can read more and find out if you are eligible here at the government’s site and also here.
Insolvency Statistics For February 2022
It appears some forms of insolvency were higher in February 2022, than the previous year 2021, and even 2020. Much of this due to the pandemic.
DRO’s or Debt Relief Orders were higher as were IVA’s/Individual Voluntary Arrangements, however those going Bankrupt were down by 36%. We may see a spike in this number later in the year.
The full stats can be found here.