6/17/2023 0 Comments Gimp outfit xmas![]() ![]() If you'd normally expect a benefit payment on this day, you'll likely be paid on Friday, December 30 instead. Then there is also a bank holiday on Monday, January 2, which is a replacement bank holiday for New Year's Day, which is on a Sunday. Tax Credit households may find their benefit payments due on Wednesday, December 28 are also paid on Friday, December 23 as well, or on December 28 for payments due on Thursday, December 29 in England and Scotland. If your benefit is due on these days, then you may find you get paid on the previous working day, so on Friday, December 23. December 27 is a replacement bank holiday as Christmas Day falls on Sunday. There are a few bank holiday dates coming up, including Monday, December 26 and Tuesday, December 27. If your usual benefit payment date falls on a bank holiday, then you may find you get paid earlier than normal. December - Benefits dates moved forward for some households You may also find cut-price seasonal goods to put away for 2023, such as reduced Christmas trees and decorations. This can be a great time to stock up on discounted presents for next year. The Boxing Day sales officially start on Monday, December 26 - although online sales can often begin earlier. A recession is defined as two consecutive quarters - six months - of negative growth. Monitoring GDP is particularly important right now, as the UK is already expected to be headed toward a recession.Įarlier this month, the ONS said the UK economy shrank by 0.2% in the three months to September. GDP is simply a measure of the size and health of the economy, to show whether it has grown or shrunk in a certain period. The ONS will reveal its latest gross domestic product (GDP) figures on Thursday, December 22. Photo credit should read: Dominic Lipinski/PA Wire (Image: PA Wire) Thursday, December 22 - ONS latest GDP figures A total of £2.4 billion has been paid to households on low incomes in England, Wales, Scotland and Northern Ireland, with a second instalment of £324 arriving later this year. More than 7.2 million payments of £326 have already been made to help households through cost-of-living support, the Department for Work and Pensions (DWP) has said. You can find out of you’re eligible on the Gov.uk website.ĮMBARGOED TO 0001 FRIDAY JULY 22 File photo dated 26/01/18 of British one pound coins. This benefit also unlocks extra help including council tax discounts, housing benefit, free health costs and a free TV Licence for the over 75s. ![]() If you think you might be eligible for Pension Credit, then Sunday, December 18 is the last day to backdate a claim to qualify for the £324 cost of living payment. Pension Credit is a benefit that tops your income if you're over retirement age. Sunday, December 18 - Pension Credit cut off date If interest rates are higher, you'll pay more to borrow on products like mortgages and cheaper loans tend to disappear. The base rate is what the Bank of England charges other banks and lenders - this in turn then influences the rates they charge customers. The central bank increased its base rate on November 3 from 2.25% to 3% - a rise of 0.75 percentage points and the biggest single hike in more than 30 years. READ MORE: Major home insulation plan could knock £310 off energy bills The Bank of England will meet on December 15 to decide whether to raise interest rates for the ninth time in a row. Interest rates have been rising this year, which is good news for savers but not so good for borrowers. Thursday, December 15 - Bank of England interest rates decision When inflation is high, it means the cost of living has increased and you’re getting less for your money than you did before. Inflation is a figure used to explain how much the prices of everyday essentials have increased. Consumer Price Index (CPI) inflation is currently at 11.1% - largely because of rising food and energy costs. The Office for National Statistics (ONS) will release the inflation rate for the 12 months to November on Wednesday, December 14. Wednesday, December 14 - ONS latest inflation figures With the help of Nottinghamshire Live parent publication, the Mirror, below is everything you need to know about the money changes in December. December and January's bank holidays mean there will be on a different payment dates for some. For instance, there are further cost of living payments due to arrive in December, along with the next instalment of the £400 energy rebate.Īnd if you claim benefits, you’ll want to check when your payments will be sent out. While December is an expensive month, there are additional payments coming to many. So, with money a concern, you’ll want to stay on top of all the financial changes that are to come. With rising energy costs, the much talked about cost of living crisis, combined with the upcoming festive season, a squeeze on most people's budgets is imminent. The weather is decidedly chilly and even the hardiest among us are now turning on the heating. ![]()
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