Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

The National Living Wage is widely expected to be increased by 6.6% to £9.50 from £8.91 for workers over 23 in this week’s budget. The pay increase for millions of workers is twice the current cost of living rises and will put further inflationary pressure on businesses to pass the additional costs to consumers. Retail sales continue to fall, as landlords ramp up the pressure on thousands of tenants in rent arrears. Petrol prices hit record high in UK as inflation continues to soar towards a market predicted rate of over 4% by the year end. Interest rates expected to rise to 0.25% to curb runaway inflation brought on by a lethal cocktail of higher transportation, food and commodity prices, staff shortages and central bank money printing on an industrial scale. Rishi Sunak is expected to announce a £2bn investment into building new homes on derelict or unused land in England in Wednesday's Budget. The UK Chancellor wants 160,000 greener homes built on brownfield land the size of 2,000 football pitches, and has