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News
Savings warning for households as cash languishes in 1.2% accounts
5+ day, 5+ hour ago (331+ words) Savers are being urged to check whether their savings are losing out of an interest rate boost. Recent research on Bank of England data from Lightyear found that £1.2 trillion is sitting in bank accounts with a weighted average interest rate…...
Andy Burnham told to hand out £517, £345 or £172 energy bill discounts
3+ day, 25+ min ago (359+ words) Mr Nowak told the Financial Times the pair needed to show "some ambition" at the Autumn Statement on October 28 Andy Burnham has been urged to raise taxes on banks to fund a £517 energy bill cut for households. Paul Nowak, general…...
Vapers risk losing £137 from October in rule change under Andy Burnham
4+ day, 3+ hour ago (352+ words) From next month, a new Vaping Products Duty begins under the Labour Party government. Vapers may find themselves £137 out of pocket every year when it comes into force on October 1. From next month, a new Vaping Products Duty begins under…...
HMRC confirms bills for 10,500 households for first time under Andy Burnham
4+ day, 21+ hour ago (347+ words) Inheritance tax is paid by less than one in 20 estates across the UK. Changes to HMRC inheritance tax under Labour Party Prime Minister Andy Burnham and Chancellor John Healey have been confirmed. According to HMRC data, inheritance tax is paid…...
Octopus Energy confirms 'hugely positive' rule change under Andy Burnham
6+ day, 4+ hour ago (541+ words) Octopus Energy has confirmed a “hugely positive” change coming under Andy Burnham. Greg Jackson, the boss of the energy giant, says Labour Party Prime Minister Mr Burnham’s VAT move is a “positive sign”. Mr Burnham’s new VAT cut on electricity…...
Virgin Money confirms major change for savers after Nationwide takeover
6+ day, 17+ hour ago (387+ words) Virgin Money has made a major savings announcement after being taken over by Nationwide. Virgin Money, which has branches in Birmingham, has launched a fresh issue of its Regular Saver Exclusive account, offering a rate of 6.50 per cent AER that…...
Households urged to change council tax payments from 10 months to 12
1+ week, 3+ day ago (560+ words) Martin Lewis has shared a council tax tip which could help people make their money stretch further. The BBC and ITV star has shared his tip around council tax bills on a recent episode of his Five Live podcast. The…...
Homeowners can save up to £500 on bills by doing 'barely anything"
1+ week, 1+ day ago (539+ words) The hassle-free service has been described as 'like a PA for house bills' Energy bills are likely to be back on the minds of households as the weather starts to cool and people begin switching the heating on again. As…...
NatWest confirms £500 bonus payments for customers with eligibility announced
1+ week, 3+ day ago (401+ words) NatWest has moved to launch a new £500 ‘Premier Welcome Bonus' for customers. The high street bank, which has branches in Birmingham, is offering a £500 welcome bonus to eligible customers who switch to Premier Banking, with personalised support, everyday benefits and…...
Major UK bank becomes first to confirm change after Andy Burnham speech
1+ week, 3+ day ago (490+ words) The first mainstream lender has increased mortgage rates as they start reacting to the bond market chaos. Coventry Building Society (BS) has announced increases across its entire range of fixed-rate mortgages as rising bond yields and swap rates place renewed…...