When the state pension was introduced in 1909, the maximum payment was five shillings (25p) a week – the equivalent of about £20 today. Just over 500,000 old and poor people queued up to receive it. They had to be at least 70 years old, have an income of less than 12 shillings a week…
School children will start learning about tax, debt and money management in schools from September 2014. Compulsory education about personal finance issues has been included in the draft national curriculum for England for the first time. Topics including wages and financial risk will be taught in citizenship classes for 11 to 16-year-olds. They will also…
The rate of UK consumer price inflation remained unchanged at 2.7% for the fourth consecutive month in January, official data has shown. A big rise in the prices of alcohol and tobacco was the biggest factor driving prices up, the Office for National Statistics (ONS) said. On the downside there were slower price rises seen…
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