On October 8th, the Department for Work and Pensions (DWP) introduced new plans to help fight benefit fraud by working with banks to monitor claimants.
Bank customers could face a £100 charge starting today as new fraud rules come into effect. This change aims to create a safety net for those tricked into sending money…
The Department for Work and Pensions (DWP) is requesting Universal Credit claimants to provide additional documents, including bank statements, for benefit reviews.
New cash rules are now in effect, making banks responsible for ensuring everyone has easy access to cash services. The FCA is requiring banks to address gaps in their services…
Santander has started using deepfakes to warn about the dangers of AI scams, as many people in the UK remain uninformed or confused by this new threat. Rising AI Deepfake...
The Department for Work and Pensions (DWP) is set to provide state pensioners with two benefit payments this winter, estimated at £175 following the cut of the £300 Winter Fuel...
A savings expert cautions that UK bank account users must act prior to August 1 to receive high interest rates on their investments. Expert Insights on High Savings Rates Ahead...
UK households can claim a share of up to £895 to help with living expenses throughout July and August, providing crucial support during the summer. Although the government's direct Cost...
Over one million state pensioners can expect to get a series of additional payments amounting to £368.75 later this year. State Pensioners Can Expect Up to £368 to Hit Their...
The Bank of England is not very optimistic about the French elections. The Bank reckons that the French elections are likely to shake up the world's financial scene and even...
July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....
Are you feeling the pinch from rising cost of living? If so, consider that you are not alone. The government made the Household Support Fund to help with money for...
Prime Minister Rishi Sunak's aspirations for a pre-election cut in the Bank of England's base rate are in danger of being dashed on Thursday. On Thursday, the Bank's Monetary Policy...
Thousands of low-income households can receive a £250 free cash gift to help with the cost of living. The government's Household Support Fund provides monetary assistance that can be used...
The Department for Work and Pensions (DWP) said it has been reviewing thousands of pensioners' bank statements following a significant increase in fraud. Pension Credit Overpayments Surge to £520 Million,...
On Thursday, the European Central Bank (ECB) confirmed an anticipated interest rate cut, despite persistent inflationary pressures in the 20-member eurozone. The decision brings the central bank's key rate down...
The Department for Work and Pensions (DWP) has released a report on its plans to keep an eye on people's bank accounts. The UK's 15 largest banks are expected to...
Under a new Tory Party plan, state pensioners will notice an extra £100 in their bank accounts, and that's "just the start." State Pensioners Set to Receive £100 Boost Under...
Thousands of UK bank account holders are expected to receive a few hundred pounds for free as high-street banks compete for clients. Switch promotions for current accounts provide incentives of up...
People receiving state benefits may receive their payments earlier than usual due to next week's bank holiday. Department for Work and Pensions (DWP) said that all Jobcentre Plus offices and...
The Met Office has issued a thunderstorm warning today, indicating the risk of flash flooding and travel disruption later today. The yellow weather warning covers parts of south-west England, Wales...
With a 4.9 percent rise from the year prior, the UK's green taxes revenue in 2023 was £52.5 billion, nearly returning to the pre-pandemic state. The rate of corporation tax...
Banks are increasing mortgage rates at the same time as reducing savings offers, regardless of the central bank's interest rate freeze, which has persisted for several months. Many lenders have...
British Retail Bank TSB is to cut 250 jobs and close 36 branches. The job cuts will affect the bank's fraud operations, central operations and staff in branches scheduled for...
Borrowers expecting costs to come down will have to wait longer, as Bank of England governors are poised to wait for more compelling indications that the cost-of-living crisis has eased....
Millions of non-benefit claimants are noticing an additional £57 in their account balances. This is due to reductions in National Insurance, the tax paid by working people, which allows households...
According to the Trades Union Congress, many average UK workers have seen £200 vanish from their bank accounts. Average UK Workers Experience Real Wage Decline, Criticisms of Conservative Policies Arise...
Amidst the introduction of a new UK driving reform, recent analysis highlights a concerning trend: the average cost of car insurance in the UK has surged by one-third within a...
The Bank of England is facing increasing Tory pressure for interest rate reduction ahead of the scheduled May rate-setting meeting, driving economists to caution that politicians should not interfere with...
The forthcoming bank holiday could cause serious disruption at one of the world's busiest airports, Heathrow. The Unite union has announced plans for major strikes, which could result in grounded,...
NatWest Bank is moving swiftly to increase the monthly fees associated with several of its packaged bank accounts. Customers will potentially have to pay an extra £60 a year. New...
Coventry Building Society has reached a preliminary deal to purchase The Co-operative Bank in a transaction valued at £780 million. This monumental acquisition will enable the Co-operative Bank, which is...
The governor of the Bank of England has indicated that the UK is still on track for an interest rate cut, as official numbers show a further slowing in the...
The clock is ticking and the last opportunity to grab yourself a £175 bank switching bonus from First Direct will soon be gone. Only a few days remain, and you...
According to data released on Tuesday, the UK job market lost a little more of its inflationary heat, which gave the Bank of England some respite. However, persistent underlying issues...
Thousands of households are expected to receive their portion of a £421 million UK bank boost intended to assist with basic expenses. UK Bank Boost: Government Expands Household Support Fund...
The Bank of England base rate is set to fall, offering some good news for UK homeowners with tracker mortgages. This could mean a potential monthly saving of £300 by...
The Bank of England will soon cut interest rates to 3% in a move to support mortgage borrowers as inflation declines sharply, according to senior economists from KPMG. The Bank...
Policymakers at the Bank of England kept interest rates on hold at 5.25% for the fifth consecutive time, despite a fall in inflation. The Bank of England Keeps Interest Rates...
The Bank of England has been called to intensify efforts to bring the finance industry into line with the UK's climate targets. Prominent Economists and Advocacy Organizations Urge Bank of...
The British public's estimates for the rate of inflation over the next year have declined in the previous three months, according to a Bank of England survey released on Friday,...
According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023's fourth quarter in comparison with a year earlier. Bank of...
The Bank of England's chief economist recently emphasized that a cut in UK interest rates is not on the immediate horizon. Huw Pill's Cautionary Notes on UK Economy and Potential...
In a major move from the Bank of England, Clare Lombardelli has been appointed Deputy Governor of Monetary Policy (DGMP), succeeding Ben Broadbent. Approved by His Majesty the King, Clare...