Weekly Digest – 27 September 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

The most important points from the mini-budget

Kwasi Kwarteng’s mini-budget was all over the news last week. The Guardian breaks down the key takeaways here.

What will happen with energy prices on 1 October

There are a few changes at play with your energy bill as of the first of the month. Costs are set to go up, but the Energy Bills Support Scheme also comes into effect.

This £12 “snuggle hoodie” is a popular remedy for the cold

Shoppers are flocking to pick up the budget-friendly item, which is essentially a wearable blanket. With energy prices set to go through the roof, it’s a real solution for those who are concerned that heating their homes may become unaffordable this winter.

Immigration levels to rise in order to fill job vacancies

The Liz Truss government is planning to increase immigration levels in order to fill job vacancies and drive growth. The cap on agricultural and broadband workers will likely be lifted, and the shortage occupations list altered.

Pound may sink below $1 US

After the mini-budget announcement on Friday that revealed new economic policies, the GBP sunk to its lowest level since 1985 – ending last week at US$1.09.

Strike action to seriously impede rail travel

Coordinated industrial action will wipe out most train services across Great Britain as of 1 October, and travellers are advised to avoid travel unless absolutely necessary.

US rate hike causes world economy to wobble

The US Federal Reserve raised interest rates again last week, taking the rate charged to borrow from near zero at the beginning of 2022 to a current minimum of 3 percent. Economists argue that the move has shaken the world economy.

Perks of the mini-budget for those earning less than £50,000

Money Saving Expert founder Martin Lewis breaks down some positive points for people earning £50,000 or less that can be taken from the announcements from Friday’s mini-budget.

Homes for less than £250,000

Express.co.uk has compiled a map of the 30 areas where you can buy a house for less than £250,000 and avoid the stamp of duty to boot.

Tips from a successful 30-year-old entrepreneur

Jane Labowitch, aka Princess Etch, is an Etch a Sketch artist who makes a good living by using the mechanical drawing toy to create intricate portraits and landscapes. She shares the 3 things that are worth every penny to any aspiring entrepreneur.

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