People have been warned they could face a number of changes to their finances over the next few weeks. Millions of people are seeing increased financial pressure from rising costs which have seen inflation soar to a 40-year high and the value of the pound plummet in recent days.
The crisis has seen the UK and Welsh Governments roll out a number of cost of living payments to help those hardest hit as well as the Bank of England increasing the interest rate to its highest level since the 2008 crash. Last Friday UK Government chancellor Kwasi Kwarteng unveiled a mini-budget to tackle the crisis which included cutting taxes and reversing the 1.25 percentage point National Insurance rise announced in April.
With everyone looking for ways to keep their heads above water there are a number of important changes coming in October which could affect your finances including cost of living payment deadlines, energy price rises, and tax changes. Here is everything you need to know about the changes happening in October.
