People's personal finances could be changed dramatically in the coming months
Payments from the Department for Work and Pensions and HM Revenue and Customs will be affected by dates and policy changes. This could have a direct effect on your personal finances throughout the Autumn months which means it's important to keep yourself aware of how things will change.
People expecting a payment on August 28 will instead be paid on the earlier Friday which will instead be August 25. This is due to the bank holiday taking place which will affect all benefit payments including Universal Credit and child benefits. The base rate will directly affect how much money is paid back on loans and variable-rate mortgage. It is not yet clear what the Bank will decide in September and will likely depend on inflation levels in the coming weeks as the Bank hopes to meet its 2 per cent target.
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