The Latest Breaking News from Laura Suter

Average disposable income increased by 1.6%, to £66,000, for the richest fifth of households, according to the Office for National Statistics.

Stockbroker AJ Bell said there are "ridiculous complexities" in the British tax system which mean that some parents could lose out on £14,000 by taking a pay rise of just £1

Ofgem has confirmed it will update its energy price cap every three months, instead of every six - meaning millions of Brits will see an update to their energy bills four times a year, instead of two

NI starting thresholds will rise from £9,880 to £12,570 from July 6 as households grapple with surging living costs.

One expert said the average savings figures ‘hide a split nation’, with some households turning to debt to settle their bills.

Begin now to give them a good financial start when they turn 18, or all the way to boosting a pension

How much maternity pay you get can make a big difference to your lifestyle while you’re on leave

You could be in line for some free cash - but you need to be quick

Anyone with a State Pension or Lifetime ISA can get 'free cash' from the government