The Times — Money Mentor: The Jeremy Hunt debate: Is £100k-a-year enough to live comfortably in London?
“Average cost of living expenses in London in 2024
Londoners are not immune to the cost-of-living crisis that has hit everyone across the UK as prices have spiralled, interest rates have shot up and inflation has soared.
Yet while there is some light at the end of the tunnel and inflation has been steadily declining over the past few months, prices are still a lot higher than they have been in recent years.”
inews.co.uk: Our mortgage rose by 60% — I had to take on a second job to afford it
“Their monthly payments rose to £1,600 a month at first, but they’re now paying £2,000 a month, as the base rate has increased to 5.25 per cent.
Their costs have risen 60 per cent, or by £750 per month, when compared with their previous fixed deal.
The deal is set to expire in October, and Natalie and Owen will have to decide what to do.
The family aren’t alone, – millions of homeowners have seen their costs spiral in the last year due to increasing rates, and it’s estimated 6 million people could be faced with higher housing costs.”
The Guardian: Why are so many UK families missing out on a £2,000 childcare benefit?
"Childcare costs in the UK are the most expensive of any developed country – but almost two-thirds of families do not claim the government money to which they are entitled.
It is estimated that 1.3 million families are eligible for up to £2,000 a year per child, or £4,000 for those with disabled children, through the tax-free childcare (TFC) scheme, under which the government will add £2 to every £8 you pay your childcare provider. But just 36%, or 470,000 families, claimed in June, according to the latest data from HM Revenue and Customs (HMRC).”
Rebecca Goodman commenting on...
“Paying your car insurance premium in one go every year is the cheapest – and easiest – way to do it. That’s because you won’t have to worry about paying any interest. It also means you won’t have to think about it again for another 12 months.”
“You should tell your insurance provider about the accident (even if you don’t want to make a claim) within a reasonable amount of time. The definition of ‘reasonable’ differs between insurance providers but can be anything between two days to a couple of weeks. Check your policy documents to be sure. If you don’t report the accident within the stated time, it could invalidate your claim.”
“It’s often a bit of a guessing game to find out who’s responsible for paying you if you can’t make your flight in this circumstance but your insurance provider is usually the best person to speak to first, and they can advise you on how to go about getting your money back.
If your flight is cancelled because of a natural disaster, you won’t usually be able to get compensation directly from the airline as it wasn’t their fault. In this case, you could claim for the flight's cancellation through your travel insurance.”