The Centre for Economics and Business Research suggest that the Bank of England won't raise interest rates until the middle of next year, despite previous forecasts predicting a February rate rise.
This summer, the Court of Appeal made headlines when it overturned the will of charity donor Melita Jackson . She had stipulated that her £500,000 estate be distributed among animal charities, leaving nothing to her daughter, Heather Ilott. The court heard how Mrs Jackson had never forgiven her daughter, 54, for eloping when she was 17. Judges described Mrs Jackson’s actions as “unreasonable, capricious and harsh”. The court found that she failed to make “reasonable provision” for her daughter in her will, and awarded Mrs Ilott, who lives on benefits, £164,000 from the estate.
The new mortgage rules, which were introduced last year, have left two-thirds of potential house buyers in the dark. With some 31% of people who plan to buy a property within the next two years are unaware that mortgage rules were overhauled more than a year ago. A further 35% of potential buyers did know that mortgage regulations had changed, but said they felt confused by the new rules. In April 2014, the biggest piece of mortgage regulation in a decade came into force. The changes, brought in by the Financial Conduct Authority, mean lenders must take additional steps to ensure borrowers only get a mortgage they can afford. In practice, the new mortgage rules mean that borrowers will face increased scrutiny from lenders about their incomes and their expenditure including spending on things such as childcare, holidays and entertainment.
Cricklade pub got the surprise of their lives when they were greeted by celebrity chef Jamie Oliver brought his culinary craft to the garden of the Red Lion, as he filmed scenes for Jamie’s Friday Night Feast. Accompanied by co-presenter and childhood friend Jimmy Doherty, a sun-tanned Jamie put on a late summer barbecue for amazed visitors. And there were no turkey twizzlers on the menu this time as the 40-year-old Naked Chef donned a checked shirt and butchers apron to cook a traditional spit-roast.
Now that savers aged over 55 can access their pension savings in one go, tens of thousands of older people are choosing to take cash from their retirement pot to spend on anything from debt repayments to round-the-world cruises. For those in the know, a number of attractive loopholes also come into play, which – if used smartly – can be used to increase your income in retirement.