Almost a quarter of all household wealth in the UK is held by the richest 1% of the population, according to alarming new research that reveals a historic underestimation of inequality in the country. The study found that the top 1% had almost £800bn more wealth than suggested by official statistics, meaning that inequality has…
Before Brexit, UK citizens could travel, live, go on holiday and work anywhere in the EU without any special permits or visas. As of 1 January 2021 that is no longer the case. The Guardian’s Money team has spent the week poring over the many pages of documentation to explain how Brexit will affect you….
With just over four weeks to go until the 31 January self-assessment deadline, several million people still haven’t filed their tax return. This could be the weekend to get it out of the way. Meanwhile, if you are one of the millions who were told by their employer not to come into the office, don’t…
Homebuyers have been warned to take steps to avoid being scammed during their purchase and after they move, with criminals targeting large sums of money, including house deposits. The looming end of the stamp duty holiday has fuelled a boom in the property market as people attempt to secure a new home without having to…
Many low- and middle-income households will face financial hardship unless ministers maintain support for those who have lost their jobs or experienced steep cuts in income during the second wave of Covid-19, Labour has said. The shadow chancellor, Anneliese Dodds, said in a new year message to Rishi Sunak that the chancellor must extend a…
Everything has been going right for Tash Drujinin of late. A few months ago the 29-year-old landed a stable job in the financial services sector. When many thousands were being laid off with the pandemic, she was made permanent and the security meant she could finally pay off the $20,000 she owed in credit card…
