National Savings and Investments (NS&I) offers Premium Bonds which can be gifted to children under 16, with each bond worth £1 and a minimum investment of £25. Managed by NS&I, Premium Bonds don’t guarantee interest but offer monthly prize draws with a prize fund rate of 4%. Purchases made before Christmas won’t enter the January draw, but can be a tax-free and secure savings option for children, with flexibility in managing prizes.
Full Article
Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump's sweeping tariffs on foreign steel and aluminum have gone into effect, impacting imports from all countries with a 25 percent levy. The move, supported by domestic steel and aluminum makers, is expected to raise costs for American manufacturers, potentially slowing the U.S. economy. The tariffs have escalated trade disputes with allies and led to threats of retaliation, creating uncertainty in global trade relations. Full Article
Read more