Sunday, July 6, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Use Chrome Developer Tools to Teach Math Logic

    How to Use Chrome Developer Tools to Teach Math Logic

    Cybersecurity & VPNs

    How Software, Cybersecurity & VPNs Can Save You Money on Flights – Featuring VPNLY

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Gbyte Recovery

    Gbyte Recovery Review: Can It Restore Deleted iPhone Contacts?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    Tech Trends That Are Reshaping the British Economy in 2025

    Tech Trends That Are Reshaping the British Economy in 2025

    Revolutionary Haptic Technology Transforms Gaming Experience

    Revolutionary Haptic Technology Transforms Gaming Experience

    Gravitational Training Systems: Revolutionary Physics in Sports Science

    Gravitational Training Systems: Revolutionary Physics in Sports Science

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    P2P Payments in E-commerce – The New Standard for User-to-User Transactions

    P2P Payments in E-commerce – The New Standard for User-to-User Transactions

    How to Use Real-Time Gold Charts for Better Trading Decisions

    How to Use Real-Time Gold Charts for Better Trading Decisions

    Rejoining Europe: What could it mean for the British economy?

    Rejoining Europe: What could it mean for the British economy?

    Understanding Finance and Why It Matters in Everyday Life

    Understanding Finance and Why It Matters in Everyday Life

    A Simple Guide to Buying Bitcoin for First-Time Investors

    A Simple Guide to Buying Bitcoin for First-Time Investors

    VPS Low Latency: Why It’s Important for Forex Traders

    VPS Low Latency: Why It’s Important for Forex Traders

    How AI Is Reshaping Financial Advising

    How AI Is Reshaping Financial Advising

    How Geopolitical Tensions Affect Forex Trading

    How Geopolitical Tensions Affect Forex Trading

    Steel Prices

    Where Steel Prices Have Been Headed: A Six-Month Look at Global Trends

  • Environment
    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

  • Property
    Stay safe at home: The benefits of intruder alarms in St Helens

    Stay safe at home: The benefits of intruder alarms in St Helens

    Enhancing your home projects with essential hardware selection tips

    Enhancing your home projects with essential hardware selection tips

    5 Best Lifetime Mortgage Providers in the UK

    5 Best Lifetime Mortgage Providers in the UK

    Top 10 Sell House Fast Companies in the UK

    Top 10 Sell House Fast Companies in the UK

    Efficient storage solutions for stress-free home renovations

    Efficient storage solutions for stress-free home renovations

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Insights and Opportunities For Exploring the London Property Market

    Insights and Opportunities For Exploring the London Property Market

    How to Choose the Right Moving Service for Your Needs

    How to Choose the Right Moving Service for Your Needs

    What Should You Do Before Moving House to Avoid Last-Minute Stress?

    What Should You Do Before Moving House to Avoid Last-Minute Stress?

  • eCommerce
    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

No Result
View All Result
Today News
Home Finance

Financial News Going Into Summer 2022

David Prior by David Prior
May 12, 2022
Reading Time: 4 mins read
Financial News Going Into Summer 2022
778
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Whether we like it or not, our finances are one of the most important things in our day-to-day lives. Sometimes things might be going well, and you feel like you’ve got a good handle on everything. But then suddenly, you’re hit with an unexpected bill that you have no way of paying. You might turn to an online payday loan to help you out of the sticky situation. But other times, there are ways your finances can be impacted by things beyond your control. Let’s take a deeper look at the financial news as we head into Summer 2022… 

Energy Bills

Everyone in the UK has been affected by the energy crisis. Whether your long time supplier has gone into administration, or your bills have more than doubled, the energy industry is deeply affecting people’s finances. The price cap has increased, leaving people paying around £1,800 a year on average, and with things not looking great and being in the middle of an energy crisis, it’s unclear whether or not prices could increase further.

Related posts

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
23
How to Use Real-Time Gold Charts for Better Trading Decisions

How to Use Real-Time Gold Charts for Better Trading Decisions

July 2, 2025
448

Summer may provide people with some relief as they use less central heating thanks to the warmer weather, but the Winter may be another story. Some people are going to use the Summer as a way to build up some credit on their energy account to hopefully soften the blow of their Winter bills, but this might not be achievable for everyone. Depending on how the energy crisis plays out over 2022, energy bills may continue to rise or stay the same.  

Insurance

Although things aren’t looking that great in the UK economy right now, there is some good news for insurance customers. The Financial Conduct Authority is preventing insurance companies from charging low prices to attract customers, and then hiking them up when it comes to renewing their contracts.

This could mean that people will see a decrease in costs when renewing their insurance as companies aren’t allowed to charge more to make up for the loss they made when promising low prices at the start. This will be welcome news for insurance customers and will hopefully allow them to save a little bit of money over the year.   

Interest Rates And Inflation 

Recently, the Bank of England raised the base rate for interest to 1%, the highest it’s been in over 10 years. This is also the fourth time the interest rates have been raised and many are predicting it could still be on the rise for a while to come. It’s also been suggested that inflation may increase to as much as 10% if things carry on as they are at the moment, and reports show that 83% of UK adults have seen a significant increase in their cost of living.

With interest rates and inflation on the rise, money is rapidly losing value. But the Bank of England does want to bring inflation back down to try and ease the cost of living and make the UK financially stable once again. 

Mortgages

The UK property market is currently growing exponentially, and house prices are increasing rapidly. However, the typical divide between the north and south housing prices is predicted to shrink, making homes cost a similar amount no matter where you live. On average, house prices have grown between 7% and 10%. In the UK, over 1 million fixed-rate mortgages are ending in 2022, so a lot of people are going to find that their payments increase when they renew because of the increase in interest.

But people that chose a short term fixed-rate mortgage may suffer the most, as their payments could increase by over £100. They originally may have chosen the short term mortgage for its cheaper payments, so they may find themselves in a tricky situation. They can no longer afford their mortgage payments, but the increase in housing prices means they can’t afford to move either. Over the Summer, more increases are expected, so the future of the housing market is uncertain. 

It does seem like everything is on the incline in the UK, and while this may be true, there are procedures being put in place to help. There may be tough times ahead, but then again, things could improve, only time will tell. There are however some positive notes, such as heading into a post-pandemic world.

After such a long period of time in national lockdowns, people can finally meet up with friends and loved ones in the sun. Summer 2022 can still be a good one yet!    

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

SEO for Businesses: How to Start Driving Traffic to Your Site

Next Post

The Growth of Online Gambling in the UK

Related Posts

P2P Payments in E-commerce – The New Standard for User-to-User Transactions
Finance

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
23
How to Use Real-Time Gold Charts for Better Trading Decisions
Finance

How to Use Real-Time Gold Charts for Better Trading Decisions

July 2, 2025
448
Rejoining Europe: What could it mean for the British economy?
Finance

Rejoining Europe: What could it mean for the British economy?

July 1, 2025
438
Understanding Finance and Why It Matters in Everyday Life
Finance

Understanding Finance and Why It Matters in Everyday Life

June 25, 2025
42
A Simple Guide to Buying Bitcoin for First-Time Investors
Finance

A Simple Guide to Buying Bitcoin for First-Time Investors

June 25, 2025
479
VPS Low Latency: Why It’s Important for Forex Traders
Finance

VPS Low Latency: Why It’s Important for Forex Traders

June 25, 2025
383
Next Post
The Growth of Online Gambling in the UK

The Growth of Online Gambling in the UK

RECOMMENDED NEWS

How To Find The Best Quality White Maeng Da Kratom Online

How To Find The Best Quality White Maeng Da Kratom Online

3 years ago
303
Why should you bring the digital to out-of-home advertising?

Why should you bring the digital to out-of-home advertising?

2 years ago
233
Binance mobile application

Exploring Binance Coin: The Gateway to the Binance Ecosystem

1 year ago
476
Enhancing Energy Efficiency Through Advanced Pipework Insulation

Enhancing Energy Efficiency Through Advanced Pipework Insulation

5 months ago
47

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology The Victoria Quarter tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
Stay safe at home: The benefits of intruder alarms in St Helens

Stay safe at home: The benefits of intruder alarms in St Helens

July 4, 2025
Corner Desks

Corner Desks with Storage: A Smart Choice for Any Office

July 4, 2025
Pakistani Actors Are Going Global

From TV to Netflix: How the Highest Paid Pakistani Actors Are Going Global

July 4, 2025
Weak Foundation

What Are the Most Effective Methods to Strengthen a Weak Foundation?

July 4, 2025
From Soups to Roasts: Mastering a Different Way to Prepare Meals

From Soups to Roasts: Mastering a Different Way to Prepare Meals

July 4, 2025
How to Launch a Successful VR Business: Opportunities and Trends

How to Launch a Successful VR Business: Opportunities and Trends

July 4, 2025
Branded Merchandise in the UK: Discover the Top Company for Custom Corporate Gear

Branded Merchandise in the UK: Discover the Top Company for Custom Corporate Gear

July 4, 2025
How to Choose the Right Remodeling Contractor in San Antonio, TX

How to Choose the Right Remodeling Contractor in San Antonio, TX

July 3, 2025
Easy Guide to Choosing a Chartered Accountant Firm in London

Easy Guide to Choosing a Chartered Accountant Firm in London

July 3, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
Stay safe at home: The benefits of intruder alarms in St Helens

Stay safe at home: The benefits of intruder alarms in St Helens

July 4, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact