Well, it has come around again and after an extremely busy couple of weeks in the office, the new tax year has arrived, bringing with it good news for savers!
Sheffield Mutual Friendly Society today announced impressive financial results for 2016, with the main highlight being a 26% increase in assets, taking them over £100 million for the first time in the friendly society’s 125 year history.
On 8 March 2017, the Chancellor, Philip Hammond, delivered his first Spring Budget. His plan is to ‘prepare Britain for a brighter future’ and that ‘we are building the foundations of a stronger, fairer, more global Britain’.
The Bank of England voted to keep its base rate at an historic low of 0.25% on 02 February 2017, despite expectations of rising inflation and slower wage growth squeezing household budgets and spending this year.