1. Interest Rate Changes – February 1
The Bank of England will announce any further changes to interest rates on February 1. Decision-makers on the Bank’s Monetary Policy Committee (MPC) are widely expected to keep interest rates at 5.25% for the fourth time in a row. Find out how this could affect your money.
2. Cost of Living Payment – February 6
Households on certain benefits, including Universal Credit, will receive a £299 payment directly into their bank accounts between February 6 and February 22. Learn more about who qualifies for this tax-free payment.
3. Sky Mobile Price Hikes – February 14
From February 14, bills for Sky Mobile's out-of-contract customers will see a 3% increase. Find out how this could affect your monthly bill and what you can do about it.
4. Energy Price Cap Review – February 23
The energy price cap, which limits the amount energy companies can charge for default tariffs, will be adjusted on February 23. Experts predict that the cap will fall, potentially saving customers over £300 a year. Get the details on this upcoming change.
5. Last Day to Claim Warm Home Discount – February 29
Low-income households can claim the Warm Home Discount to help with heating costs. The deadline to apply is February 29. Learn more about this scheme and how to apply.
6. National Insurance Changes
The main rate of employee National Insurance contributions was cut in January, but most people will see the change take effect in their February paycheck. Find out how this change will impact your earnings.
7. Council Tax Changes
Council tax is expected to rise from April 1. The exact amount will be announced in February. Understand how this annual fee, set by your local council, could affect your household budget.
Did you miss our previous article…
https://hellofaread.com/money/mortgages-with-cash-incentives-what-you-need-to-know/
