DWP Granted Authority to Take Money from Bank Accounts in Fraud Fight
The UK government has armed the DWP with new powers to directly deduct funds from bank accounts in a move to tackle growing benefit fraud concerns.
Potential Changes to National Insurance Could See Bosses ‘Refuse’ Pension Raises
British households could face cuts in their pension contributions while increases in national insurance are being considered, which is causing great concern among analysts.
UK Firms Warn National Insurance Hike Could Jeopardise Jobs and Wage Growth
UK employers are concerned that higher national insurance could make it harder to hire and raise wages, affecting pubs and restaurants.
Rachel Reeves Claimed £1,225 in Taxpayer Money for Accountancy Fees
Chancellor Rachel Reeves faces criticism for claiming £1,225 in expenses for tax return help, reigniting debate over MPs' taxpayer-funded privileges.
Sir Keir Starmer Pledges Budget to Raise Living Standards and Rebuild Britain
Sir Keir Starmer said the Budget will focus on making life better for people, fixing the NHS, and "rebuilding Britain," with plans to invest in schools, housing, and transport.
DWP Update on the Future of PIP, Pension Credit, and Carer’s Allowance
As part of a significant transition to Universal Credit, the Department for Work and Pensions (DWP) is gradually eliminating some out-of-date benefits; however, this will not impact all welfare payments.
UK Economy Rebounds, Offering Boost to Rachel Reeves Ahead of Budget
The UK economy grew by 0.2% in August; however, concerns remain as the budget approaches on October 30.
Winter Fuel Payment Letters to Reach State Pensioners Starting on This Date
State pensioners will soon get letters from the DWP confirming their eligibility for the Winter Fuel Payment.
Pension Reform Plans: What Rachel Reeves’ Budget Means for Pensioners
Labour's budget plans may significantly impact retirees, from cuts to winter fuel payments to potential pension reforms including means-testing, inheritance tax changes, and stricter pension access rules.
London Business Leaders Urge for Faster Work Visa Procedures to Boost Growth
Company managers stressed the importance of short-term work visas for London's economy and the need to speed up visa procedures to support growth.
Major Bank Rule Change May Require Customers to Pay £100 Charge Starting Today
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…
Budget 2024: What Will Rachel Reeves’ Budget Mean for Your Wallet?
Rachel Reeves is due to present Labour's first budget for 15 years on 30 October, which aims to close a £22 billion deficit in public spending.
Nationwide Customers Receive Alert Offering £75 to All Account Holders
Nationwide, the world's largest building society, has informed its banking customers they could be eligible for a £75 gift.
UK Pound Sinks as BoE Hints at More Aggressive Rate Cuts on the Horizon
The pound dropped sharply after the Bank of England's governor signalled the possibility of more aggressive interest rate cuts if inflation continues to cool, amidst concerns over the Middle East…
“No Return to the Single Market,” Says Starmer as UK and EU Seek New Deal
The UK and EU aim to deepen cooperation on economy and security, with Sir Keir Starmer promising to “make Brexit work” through pragmatic leadership.
Nationwide and Virgin Money Customers Warned by Martin Lewis’ MSE
Martin Lewis and his Money Saving Expert team confirmed that Nationwide has completed its takeover of Virgin Money, with potential changes coming in the future.
Universal Credit Claimants Required to Submit Bank Statements Amid DWP Benefit Reviews
The Department for Work and Pensions (DWP) is requesting Universal Credit claimants to provide additional documents, including bank statements, for benefit reviews.
Nationwide and Co-op Bank Offer Up to £175 in Switch Bonuses: Here’s How
Earn £150 to £175 by switching to Nationwide or Co-op Bank before Christmas. Get free cash by following easy steps for each account bonus!
Important Money and DWP Changes Coming in October You Should Know About
UK households will experience a set of changes in October 2024, which will impact various financial rules and support payments.
British Drivers Could Pay £600 More per Year Amid Major Car Tax Changes
British drivers will face higher car taxes from April 2025, including Vehicle Excise Duty for electric vehicles and added costs for luxury models.
October Money Changes: Millions of Households Warned to Prepare for Key Dates
A range of financial changes is set to impact millions of households this October, coinciding with the start of winter and the seasonal expenses coming with it.
Martin Lewis: Santander, Barclays, and Nationwide Customers to Receive Free £175 in Weeks
Money Saving Expert founder Martin Lewis has shared a simple method to get £175 in free cash just in time for the holiday season.
ECB Cuts Interest Rates Again, Lowers Eurozone Growth Forecasts
The European Central Bank (ECB) has implemented its second interest rate cut of the year, reducing its main rate to 3.5% from 3.75%. This decision follows a widely expected 25…
People Born Before This Date Set to Receive £300 Automatic Payment
This winter, the UK government is set to provide an automatic payment worth £300 to the country’s most impoverished pensioner households to help them with heating costs. Pensioners Born Before…
New Diesel and Petrol Rule to Cost Drivers £122 Starting in October
A driving expert has warned that the new Labour government’s intention to eliminate fuel duty could have a significant impact on drivers, potentially costing an additional £122 per year. Drivers…
FTSE 100 Fails to Maintain Record High, Ends the Week in the Red
The FTSE 100 danced tantalizingly close to its all-time record on Friday, soaring above the 8,400 mark before losing momentum and closing the day slightly in the red. The London…
Cost of Living Payments: Benefit and Pension Dates for September 2024
A continuing cost-of-living crisis has gripped the people of the UK, ringing in difficulties in day to day life expenses for millions of families. Whether it’s shopping or even making…
People Who Have Direct Debit Urged to ‘Cancel It’ Immediately
If you are a bank account holder, it is possible that you are missing out on some serious savings. Finance guru Martin Lewis and his Money Saving Expert team are…
UK Under Attack: European Bugs Bring Deadly Diseases to Every Household
Insects, which were previously found only in warm areas such as Mediterranean, are now finding their way to the UK. Government scientists attribute this phenomenon to global warming, which not…
DWP Issues Important Letter and Urges State Pensioners Not to Ignore It
The Department for Work and Pensions (DWP) has issued an important warning to state pensioners who claim Tax Credit. The individuals concerned will be sent a letter in the post…
Santander Issue Urgent Warning to All Bank Account Holders
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…
All UK Residents with £1,000 in Bank Accounts Urged to Move Funds Before Thursday
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…
Chancellor Reeves Announces Major Cuts and Immediate Reforms to Address £20bn Deficit
Immediate financial cuts worth billions of pounds will be announced by Rachel Reeves, the Chancellor, as part of her plan to resolve a £20bn shortage in the national accounts. The…
Labour Government Aims for ‘Fair Pay’ with Minimum Wage Changes Amid Cost of Living Crisis
The UK Labour Government will shortly be announcing a complete restructure of the UK’s minimum wage system, in what amounts to a momentous shift in policy. According to the new…
BBC TV Licence Fees Reduced to £0 as 500,000 Households Opt Out of Payments
BBC TV licence holders have been told that they might be entitled to a free licence or a 50% reduction if they meet certain requirements This adjustment can help many…
Santander Alerts Customers: Over £1,500 at Risk from Holiday Scams
High street bank Santander has issued a stark warning to its customers, highlighting the risk of losing over £1,500 to holiday scams. The bank is urging holidaymakers to stay vigilant…
Massive Boots Store Closures: Full List and Community Impact Revealed
High street pharmacy chain Boots is set to close 300 stores across the UK by the end of summer 2024. This move, announced by the parent company Walgreens Boots Alliance…
Boots to Close Hundreds of Stores By End of the Summer: Find Out the Locations Affected
Boots, the well-known and established pharmacy and health and beauty retailer, has announced the closure of hundreds of its stores by the end of the summer. Amongst its 300 shops,…
Sir Keir Starmer to Give Above-Inflation Pay Raises to Teachers and Nurses
Labour leader Sir Keir Starmer is preparing to offer significant pay rises to teachers and nurses, although this would require higher taxes or further borrowing. Starmer Faces Fiscal Challenges with…
Cost of Living Crisis: Councils Roll Out New £500 Worth of Support Payments – Who’s Eligible?
Very soon, a £500 payment is to be made to several households from the government’s Household Support Fund (HSF) Amid the cost of living Crisis. The funds are allocated by…
New PIP Mobility Assessment Rule Change May Trigger Back Payments for Older People
Many older PIP claimants who receive the low rate of the mobility component may be able to request a review of their claim from the Department for Work and Pensions…
UK Retail Sales Drop in June Due to Cold Weather and Rising Cost of Living
UK retail sales fell last month as cold weather discouraged consumers from purchasing summer season items and gardening supplies, in spite of strain easing on families amid a slowdown…
DWP Urges Eligible Britons With These 23 Medical Conditions to Claim Up to £518 ESA Benefits
The Department for Work and Benefits (DWP) has issued a vital update that numerous people could be missing out on significant money related back each month. The DWP’s Employment and…
UK Labour’s Election Victory: What It Means for Pensions, Taxes, and More
Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated…
British Pound Rises as Labour Wins Big, FTSE 100 Struggles with Overseas Economic Concerns
The British pound stayed strong, but London’s FTSE 100 index had trouble keeping its gains, overshadowed by economic developments abroad even as Labour‘s anticipated victory in the General Election became a reality. The Pound Rose, While the FTSE 100 Index Declined Despite Labour’s…
UK Shop Prices Fall in June but Hold Steady for the Year as Cost of Living Declines
UK shop prices fell slightly between May and June. Yes, they fell, but not by much compared to last year. This trend seems to indicate that the next government may…
UK Households Warned of £264 Energy Bills, Mortgage, and Food Cost Pressures
UK Households have been warned they face a £264 financial gap in their expenses every month despite a considerable rise in their disposable income. UK Households’ Disposable Income Rises Amidst…
UK Taxpayers Can Get Up to £3,000 of Overpaid Tax Refunded by HMRC
Britons could get a lot of money back if they check whether the government owes them refunds. Many workers may have paid too much tax and could get a refund…
Bank of England Warns of French Election Risk to UK Economy
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…
Seven Money and DWP Changes Set for July 2024: PIP and Deadline Adjustments Included
Seven major money and Department for Work and Pensions (DWP) adjustments will take effect in July. The upcoming month will bring updates to everything from energy bills to benefits, which…
