ICR307: Give yourself a pay rise (with co-host Lynn James)
Today on the show, we’re talking about some easy ways to give yourself a pay rise.
It’s been a tough few years financially; low interest rates, low wage inflation, but rising prices.
So today on the podcast, we’re talking some ways to deliver an inflation busting pay-rise of up to £1,263.
I’m pleased to welcome back as my co-host today, Lynn James, who blogs as Mrs Mummypenny.
Lynn left the corporate world in June 2015 to run Mrs Mummypenny, a personal finance & lifestyle brand.
She launched Mrs Mummypenny in 2013 whilst on maternity leave with her youngest son and kept it going as a hobby when she returned to full time work.
Lynn has always loved sharing her money saving tips with friends, so thought why not learn how to build a website and social platform and go for it!
You can follow Lynn on Twitter at @mrsmummypenny.
Personal finance news
-The Bank of England has kept interest rates on hold at 0.5%, but hinted rates could rise sooner and faster than expected if economic growth continues to improve. Members of the Monetary Policy Committee said interest rates would need to rise earlier and by a ‘somewhat greater extent’ than previously thought when they met in November.
–The latest Halifax House Price Index shows prices in the last three months to January were 2.2% higher than in the same three months a year earlier. On a monthly basis, prices fell for the second consecutive month in January, by 0.6% following a 0.8% decrease in December.
-Just under three quarters of SME business owners are planning to work past the current state retirement age, with more than a third intending to work well into their seventies. This is according to the latest Aldermore Future Attitudes report which surveyed over a thousand business decision makers across the UK.
-British consumers are increasingly struggling to cope under an ever-growing mountain of credit card debt, warns the New Economics Foundation (NEF) think-tank. Using data from the Financial Conduct Authority, R3 and its own modelling, NEF finds that credit card debt is increasingly becoming as unmanageable as payday lending debt was for many before that industry was regulated.
-The National Institute of Economic and Social Research has claimed the UK economy is being bailed out by stronger growth in the euro area and global economy. A third of the increase in UK gross domestic product last year can be attributed to better-than-expected global growth.
-The Head of the Bank for International Settlements has said central banks must prepare to act against cryptocurrencies to ensure they do not become entrenched and undermine trust in central banks. Agustin Carstens, general manager of the BIS, said cryptocurrencies were “probably not sustainable as money” and failed the “basic textbook definition” of what it means to be a currency.
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