The Government Actuary’s Department (GAD) said the state pension fund, which is funded by national insurance contributions is under considerable strain due to Britain’s ageing population.
U.K. household spending – excluding mortgage payments – rose to £554.20 pounds per week in 2017, climbing back to pre-crisis levels of more than a decade ago for the first time, according to a report by the Office for National Statistics – that’s an increase from £533 the previous year.
While house price growth stayed positive last year (despite the negative mood music) the harbingers of doom (experts) believe that won’t be repeated in 2018, as the twin spectres of Brexit and rising interest rates put the brakes on the property market.
Cash Isas have been a popular go-to savings account for people who are looking to take advantage of their tax-free allowance, but since the Bank of England cut interest rates to 0.5 per cent in March 2009 cash Isa rates and savings rates generally have dwindled.
The world’s most famous cryptocurrency smashed an array of price records in 2017, taking the flight of Bitcoin to a stratospheric level with its price rising by more than 1,400pc. Against the clamour The Telegraph takes a look at the top ten performing cryptocurrencies – 6 of which have experienced higher growth levels than their more famous, though flawed, forerunner Bitcoin in 2017.