Economy

Cuts Are Coming: Starmer Warns of Job Losses Across the Civil Service in Spring Statement 2025

Ahead of the Spring Statement 2025, Sir Keir Starmer warns that the government is set to make cuts across the board, including 10,000 civil service job losses. While the Prime…

Keir Starmer cuts

UK Households Urged to Adjust Energy Use as Clocks Go Forward

As the UK transitions to British Summer Time, understanding the impact on energy tariffs is essential for those aiming to cut costs and save energy.

A Person Checking an Energy Meter for Accurate Readings

Rachel Reeves Cuts 10,000 Civil Service Jobs to Trim Government Spending

Chancellor Rachel Reeves is set to reduce government costs significantly by cutting 10,000 civil service jobs, aiming for a leaner public sector. Despite facing criticism, Reeves insists the move is…

Rachel Reeves

UK Families Could See a Decline in Living Standards by 2030, Warns New Forecast

The Joseph Rowntree Foundation warns that low-income families will be hit hardest, with their disposable income expected to fall by 6% by 2030. Experts argue that the government's reliance on…

UK Families Could See a Decline in Living Standards by 2030, Warns New Forecast

HMRC Child Benefit Payments to Increase in April 2025

The upcoming adjustment to Child Benefit rates will offer slight financial relief to families. New weekly amounts will apply from April 2025 following the 1.7% inflation-linked increase.

HMRC Child Benefit Payments

New Highway Code Rule Could Hit Drivers Doing Under 10,000 Miles a Year

Drivers clocking under 10,000 miles a year could soon be affected by a major Highway Code update, as experts raise concerns over how key safety features are being used.

A photo of a multi lane highway UK Drivers

February’s Borrowing Figures Skyrocket, Putting Chancellor Under Pressure

In February, UK government borrowing surged to £10.7bn, surpassing the forecast of £6.5bn and raising concerns over the government's ability to meet its fiscal rules. As Chancellor Rachel Reeves prepares…

Rachel Reeves february borrowing

Parents Urged to Check Eligibility for Tax-Free Childcare Savings

Eligible parents can receive up to £2,000 annually in government support for childcare costs. The Tax-Free Childcare scheme offers financial relief for working families, with a simple online application process.

Childcare

Carers Left in Financial Strain as UK Government Urged to Tackle Allowance Debts

The UK’s carer’s allowance system continues to leave thousands of unpaid carers burdened by overpayment debts, despite promises of reform. With over 9,000 carers caught out this year alone, the…

UK carers

Boots Enhances Advantage Card Scheme with Uber Eats and Deliveroo Integration

The update allows Boots customers to earn Advantage Card points on purchases made through Uber Eats and Deliveroo. This change highlights the growing importance of convenience in today’s retail landscape.

Boots Enhances Advantage Card Scheme with Uber Eats and Deliveroo Integration

Nationwide Issues Update on £100 and £50 Bonus Payments for Customers

Nationwide has updated customers on its Fairer Share Payment, confirming future payouts aren’t guaranteed, while a new £50 bonus is set to be issued soon.

Nationwide

State Pension Age Set to Rise Next Year—Who Will Be Affected?

The State Pension age is set to rise next year, bringing changes that could affect retirement plans for millions.

Elderly Couple Reading A State Pension Age Notice

Six Major High Street Brands Go Cashless – Is This the End of Cash Payments?

Six major high street brands have gone cashless, refusing physical money in some or all of their stores, sparking criticism from pro-cash campaigners who argue this move alienates customers.

A Person Receiving Cash At The Post Office

Millions of UK Households Urged to Secure £150 Document—‘Half Are Without It’

Millions of UK households are being warned to secure a vital £150 document, as experts reveal half of adults over 30 don’t have it—risking serious consequences.

Woman Reviewing a Document

Rachel Reeves’ Welfare Cuts Spark Economic Concerns as Experts Warn of Ripple Effects

Rachel Reeves' £5 billion welfare cuts spark warnings of economic fallout. Experts caution that reducing benefits could deepen poverty and strain public services.

Rachel Reeves

New Scheme Offers Free Driving Lessons to Disability Benefit Claimants – Are You Eligible?

People on PIP and other disability benefits could get free driving lessons through a grant, but many may not realise they qualify.

Free Driving Lessons

Martin Lewis Issues Urgent Warning to Mobile Banking Users Amid Surge in Phone Thefts

Martin Lewis has issued an urgent warning to mobile banking users, revealing how rising phone thefts could put their financial data at serious risk—and what steps they must take to…

Martin Lewis Issues Urgent Warning to Mobile Banking Users Amid Surge in Phone Thefts

DWP Stripping PIP Payments from ‘Alarming’ Number of Young Claimants

A growing number of young PIP claimants are losing their disability benefits despite having incurable conditions, raising concerns about the fairness of the system.

Personal Independence Payment (PIP)

Trump Accuses Ireland of Stealing US Companies in Heated White House Meeting

President Trump criticized Ireland's tax policies for attracting major US pharmaceutical companies, claiming the country benefits from revenue that should belong to the US. His remarks also highlighted ongoing tensions…

Trump

UK High Street Faces £1BN Tax Hike as Business Rates Discount Is Slashed

Shops, pubs, and restaurants across England will face a significant tax hike in April as the government reduces its business rates discount. Industry experts warn that small businesses will be…

UK High Street Faces Business Rates Discount

New Inheritance Tax Rules Could Take 67% of Your Savings – How to Protect Your Money

Rachel Reeves' inheritance tax plans could see pensions taxed at up to 67%, prompting retirees to take action to protect their savings before the changes take effect in 2027.

Inheritance Tax

People on 10 DWP Benefits Can Get Broadband for £12 – How to Check If You Qualify

Millions on DWP benefits could access £12 broadband, but many don’t realise they’re eligible—here’s how to check if you qualify.

People on 10 DWP Benefits Can Get Broadband for £12 – How to Check If You Qualify

British Steel and Aluminium Under Fire—Trump’s Tariffs Trigger Industry Alarm

Britain’s steel and aluminium sectors are bracing for economic strain as Trump’s tariffs come into force. Industry leaders warn of rising costs, disrupted supply chains, and mounting competition. The UK…

UK Steel factory

ISA Savings Limit at Risk? Rachel Reeves Urged to Act On Tax-Free Rule

The UK’s tax-free ISA allowance could be in for a major shake-up as Rachel Reeves faces increasing pressure from City lobbyists. While industry leaders debate the merits of reducing the…

Cash ISA

Labour’s Welfare Cuts: Will Internal Dissent Turn Into a Crisis?

As Labour prepares to unveil major welfare reforms, internal tensions are beginning to surface. While the leadership insists on fiscal discipline, many MPs are uneasy about benefit cuts. Behind closed…

Rachel Reeves Welfare

Nationwide, Lloyds, Natwest and Santander Customers Urged to Check Accounts for Hidden Charges

Experts are warning UK customers, particularly those with Nationwide, Lloyds, NatWest, and Santander, to keep a close eye on their accounts for unexpected overdraft fees. Many bank customers are unaware…

Nationwide, Lloyds, Natwest

HMRC: Thousands of Remote Workers Can Claim up to £500 in Tax Relief

If you worked from home in the past four years, you might be eligible for a tax break worth up to £500. HMRC is offering relief for specific work-related expenses,…

HMRC work from home

DVLA Warns Drivers Over 70 to Submit These Five Documents or Face Delays

The DVLA has warned drivers aged 70 and over to ensure they provide the correct documents when renewing their licence or risk delays and rejections.

Driver and Vehicle Licensing Agency (DVLA)

HMRC Confirms Powers to Check ‘Every’ UK Bank Account Under Fraud Investigation Rules

HMRC has confirmed its powers to access UK bank account data for tax investigations, using bulk financial analysis to track undeclared income and potential fraud.

HMRC

UK House Prices Fall In February Despite Expected Pre-Stamp Duty Rush

Halifax reported a 0.1% decline in UK house prices for February, falling short of market expectations. Analysts suggest that Stamp Duty changes and affordability concerns are influencing buyer behaviour.

UK House Prices Fall In February Despite Expected Pre-Stamp Duty Rush

DWP to Seize Money From Bank Accounts and Impose £300 Fines in Fraud Crackdown

The DWP is introducing new fraud measures that could see money taken directly from bank accounts and £300 fines imposed on certain benefit claimants.

UK Banknotes and a sign for Caxton House Department for Work and Pension (DWP)

DWP Reveals Four Groups Most Likely to Get Long-Term PIP Awards Worth £737 a Month

New DWP data has identified four groups of PIP claimants who are more likely to receive long-term awards, potentially securing ongoing monthly payments with fewer reviews.

Stacked £1 Coins on a Personal Independence Payment (PIP) Paper

HSBC Revamps Mortgage Policies, Opening Doors for More Homebuyers

HSBC is making bold moves in the mortgage market, cutting rates and relaxing rules for homebuyers. The bank’s latest policy overhaul brings a key change that could open doors for…

HSBC

Thousands of Drivers May No Longer Need UK Test Under New Licence Plan

A proposed driving licence rule change could make it easier for thousands of drivers to get on UK roads—pending the outcome of a public consultation.

UK Driving Licence on a Practical Driving Test Pass Certificate Paper

DWP Unveils Plan to Get People With ‘Invisible’ Disabilities Into the Workforce

The DWP has unveiled a new plan aimed at helping people with invisible disabilities overcome barriers and enter the workforce.

DWP jobcentre

Bank of England Warns of Major Economic Risks—Why Rate Cuts Are off the Table

Amid rising inflation uncertainty, the Bank of England has signalled that rapid rate cuts remain unlikely. Governor Andrew Bailey pointed to global trade shifts and domestic policies as key concerns.…

Bank of England

Blue Badge Holders Urged to Claim £195 Road Tax Exemption Before April Rule Change

Blue Badge holders could save £195 on road tax, but many risk overpaying if they don’t update their exemption before the April rule change.

Blue Badge Holder

Barclays Customers Set to Receive Compensation Payouts After Major IT Failures

Barclays customers affected by major IT failures are set to receive compensation payouts totaling £12.5 million, after outages left many unable to access their accounts.

Two Individuals Withdrawing Money From Barclays

HMRC Tax Warning for Savers With Over £3,500—Unexpected Bills Could Be Issued

Savers with over £3,500 could face an unexpected HMRC tax bill, as interest earnings may push them over the Personal Savings Allowance limit.

HMRC P800 Letters

Government Confirms Extra Bank Holiday for Major National Celebration

Millions across the UK will enjoy a four-day bank holiday as the government announces nationwide events and celebrations set to take place in May.

Union Jack Flags Strung In Front Of A Building to refer to UK Could See Extra Bank Holiday in 2025 with Plans for a Four-Day Weekend

Santander Announces Major Banking Changes Set to Affect 14 Million Customers

Millions of Santander customers will be affected by upcoming banking changes in May, as the bank shifts its focus toward digital services.

Santander Branch in the UK

UK Households to Receive £2,500 Boost Starting Next Month as New Policy Takes Effect

UK households could see an extra £2,500 in their bank accounts from April, with new government changes set to benefit millions across the country.

a hand holding multiple £20 British banknotes

State Pensioners Can Claim Over £9,000 in Freebies and Discounts This March – Do You Qualify?

State pensioners could be eligible for over £9,000 in freebies and discounts this March, but many are still missing out on these benefits.

State Pensioner Holding A Handful Of British Bank Notes.

Bank of England Faces Warnings Over Rate Cuts Amid Inflation Fears

The Bank of England faces mounting pressure as it navigates a delicate balance between controlling inflation and supporting economic growth. With concerns over rising wages and persistent price pressures, policymakers…

Bank of England

HSBC Brings Personalised Financial Advice to Branches—How to Access It

HSBC UK is introducing free, in-person financial health checks across its branch network, aiming to help customers and non-customers alike. The 30-minute sessions cover spending habits, savings goals, and borrowing…

HSBC UK

DWP Warns Thousands Could Be Missing Out on £4,000+ in Unclaimed Benefits

The DWP has processed a record number of Pension Credit claims, yet many eligible pensioners are still missing out on vital financial support. Could you be one of them?

DWP

Thousands of UK Households to Receive One-Off £50 Cost of Living Payment

Thousands of households will receive a one-off £50 cost of living payment to help with essential expenses and rising costs.

A Document From The Gov.uk Website Titled Guidance Cost Of Living Payment With Some British Coins

NatWest Customers Set to Receive Financial Boost Under New Policy

NatWest has introduced a series of changes aimed at enhancing financial flexibility, providing greater support, and expanding opportunities for its customers.

Natwest Branch Logo

Bank of England Sounds Alarm on Inflation Risks Amid Economic Uncertainty

The Bank of England’s fight against inflation is far from over, as a top official warns of rising risks to price stability. Wage growth and unexpected price increases could complicate…

Bank of England inflation

Major UK Car Manufacturer Cuts 170 Jobs and Delays Electric Model Amid Rising Debt

A major UK car manufacturer is cutting jobs and postponing its first electric vehicle as it struggles with rising debt and falling sales.

Car Manufacturer Displaying Cars
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