Key personal finance dates in the Christmas run-up: Hargreaves Lansdown – Mortgage Finance Gazette

The new Prime Minister will be announced today – which will give us an idea of what to expect in terms of financial support with rocketing prices.

September

In England, a law to protect parents from needless school uniform costs for branded items is expected this month – the law already exists in Scotland. However, schools will have until September 2023 to bring the changes in if it means they need to find a new supplier.

13 September

Wage data announced today feeds into the triple lock guarantee for the rise in state pensions in April. This figure isn’t expected to drive the increase, because the inflation figure – measured in September and announced in October – is likely to be higher.

14 September or 21 September

If foreign secretary Liz Truss becomes the new Prime Minister, we’re expecting a financial statement, laying out plans to help with the cost-of-living crisis and key financial changes.

15 September

The Bank of England’s Monetary Policy Committee will make its next interest rate announcement, and at the moment a 0.5 percentage point rise is widely predicted.

20 September

The £150 disability cost-of-living payment will be paid out from today. Anyone who qualifies will receive the money automatically and most will do so by the start of October.

22 September

The new UK and London Living Wage rates for 2022-2023 will be announced. This is the voluntary real living wage – rather than the government minimum.

30 September

Old £20 and £50 notes will be withdrawn. You won’t be able to spend them in stores, but you will still be able to pay them into your bank, and the Bank of England will continue to exchange all withdrawn notes.

September

The law is expected to change to allow unmarried parents to claim bereavement benefits.

1 October

The horrendous 80% hike …….

Source: https://www.mortgagefinancegazette.com/market-news/key-personal-finance-dates-christmas-run-hargreaves-lansdown-01-09-2022/

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