Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
Our reporter ben king has the details. When drinkers gather at londons King Charles Pub this evening, there will be a new tax regime in place. Changes announced in March Come Into Effect today taxing stronger drinks more and weaker drinks less. At the same time, Alcohol Duties rise with inflation up by io. I . The result a complex series of changes. 12 sparkling wine will be i9p cheaper as higher rates for fizz are abolished. A can of pre mixed gin and tonic will be 5p cheaper. But a bottle of 12 still wine will rise 44p. A bottle of vodka up 76p and a bottle of 20 port up £1. 30. So among drinkers, there will be some winners and losers. But the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. We have the biggest duty increase in almost 50 years at the same time as we have inflation rife and a cost of living crisis. On top of that, we have Raw Materials like glass that are increasing in price expon
Effective bankruptcy in the next few years unless the Funding System is reformed. A report by the local Government Information Unit has Found Services like parks, Leisure Facilities and libraries are at risk of being cut, while council tax could rise in some areas. Our reporter Vincent Mcaviney has more. Yay well done. Alex is about to turn 18, and on top of the regular worries parents have about their children, mum, sylvia also has to think about alexs autism and the extra support he needs to gain independence. Support thats under fire for her and other families as Birmingham City council struggles with financial difficulties. What you get is families that are on their knees with a trauma presentation, traumatised kids, and they never get decent outcomes. Theyjust end up constantly trying to get the basics, which everybody else s child gets naturally. And its Notjust Birmingham thats struggling. Across the country, councils are warning that front line neighbourhood Services Like parks