Disney+ Price Hike
Disney+ is increasing its membership cost by £3 a month starting November 1. Existing subscribers will be automatically switched to the premium tier, but they can switch to a cheaper plan before December 6 to avoid paying the higher price.
Cold Weather Payments
Hard-up households can receive £25 a week in support when temperatures drop. Eligible individuals must be on certain types of benefits and experience seven consecutive days of zero degrees or below temperatures between November 1 and March 31.
Winter Fuel Payment
Millions of households will receive a winter fuel payment worth up to £600 starting November 1. The payment is usually between £100 and £300 for those over state pension age, but this year it is being boosted by an additional £300.
Interest Rate Changes
The Bank of England will announce any changes to interest rates on November 2. Experts predict that the rates will remain unchanged at 5.25%. This decision will impact the interest people pay on their mortgages.
Cost of Living Payment (Tax Credit)
Households on certain benefits will start receiving a £300 cost of living payment on October 31, while those on tax credits will receive it starting November 10. The payment will be made automatically into the claimant's bank accounts.
Inflation
The UK's October rate of inflation will be released on November 15. Inflation has fallen back since reaching a 41-year high of 11.1% last October.
Autumn Statement
Chancellor Jeremy Hunt will reveal the government's plans for the economy in the Autumn Statement on November 22. This will include information on tax usage and spending plans.
Energy Price Cap Review
The energy price cap, which limits the amount energy companies can charge for default tariffs, will be adjusted on January 1 based on the wholesale cost of energy. The adjustment will be announced on November 23.
These eight major money changes happening in November are crucial to know so you can plan ahead and avoid any surprises. Be prepared for these upcoming financial shifts.
Did you miss our previous article…
https://hellofaread.com/money/lucky-winner-reveals-first-purchase-after-10k-a-month-prize/
