Economy

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

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

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

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

UK to Increase Defense Spending to 2.5% of GDP by 2027

Prime Minister Keir Starmer announces a major increase in UK defense spending, aiming for 2.5% of GDP by 2027. This shift comes ahead of key talks with President Trump about…

Prime Minister Keir Starmer on Increase Defense Spending

DWP to Scrutinize 1.4 Million Pensioners’ Accounts in Major Fraud Crackdown

The DWP is set to review the bank accounts of 1.4 million pensioners as part of a new crackdown on benefit fraud, focusing on Pension Credit claims.

Two People Withdrawing Cash, with Sign for DWP

Nine Major DWP and Financial Changes Coming in March 2025

March 2025 will bring key DWP benefit changes, tax deadlines, and economic updates affecting households across the UK. Staying informed will be crucial for managing finances effectively.

Nine Major DWP

Inflation and Interest Rates 2025 What Rising Costs Mean for Your Money

Rising inflation and shifting interest rates in 2025 are reshaping financial decisions for consumers and investors. With energy bills increasing, mortgage rates fluctuating, and trade tariffs adding pressure, households and…

Inflation and Interest Rates 2025 What Rising Costs Mean for Your Money

Tesco Scraps Popular App Feature—Here’s What It Means for Shoppers

Tesco is set to phase out a popular payment feature, prompting shoppers to adjust how they pay and collect Clubcard points in-store.

The Exterior Of A Tesco Supermarket

Major Waste Collection Changes: Households Risk £400 Fines for Bin Misuse

With councils cutting back on waste collection services, millions of UK households are at risk of facing unexpected penalties.

Waste collection

ISAs and Tax: The Smartest Ways to Grow Your Money in 2025

Tax-free savings and investments provide a significant financial advantage. ISAs offer various options, from secure cash accounts to higher-risk investments. Each type is designed for different financial goals and levels…

tax saving

DWP Unveils £240M Plan to Help People With Disabilities Find Work

The DWP has unveiled a £240m plan to help people with fluctuating and invisible disabilities find work. With new support programmes and employer initiatives, could this be a game-changer for…

DWP

DWP Over 80s Pension : Who Is Eligible and How to Claim Extra Support

Thousands of pensioners over 80 could be missing out on extra cash from the DWP. Find out if you're eligible for the Over 80 Pension and how to claim it.

State Pension

DWP State Pension to Rise by Up to £474 in April – Check How Much You’ll Get

Millions of UK retirees will see their state pension rise by up to £474 from April 2024. Find out what’s behind the increase and how to check your new payment.

State Pension

UK Government to Enforce New Childcare Funding Rules to Reduce Costs for Working Parents

Big changes are coming to childcare funding in the UK, with new rules set to cut costs for parents. Find out how these reforms could impact fees and transparency starting…

Childcare

BBC TV Licence: Who Can Get It for Free as Fees Rise Again?

From April, the TV licence fee will increase to £174.50, adding extra pressure on pensioners already facing rising living costs. However, some retirees may be eligible to reduce or even…

BBC TV Licence

Last Chance to Claim DWP £150 Energy Discount Edf British Gas Ovo Eon Included

Thousands risk missing out on the DWP £150 energy discount as the deadline approaches. Find out if you qualify and how to secure your savings before it’s too late.

DWP £150 energy discount

Nationwide Building Society Cuts Mortgage Rates Amid Market Shifts

Nationwide has announced major mortgage rate cuts, offering better deals for homebuyers and those remortgaging. How do these changes impact you?

Nationwide

DWP to Check Bank Accounts and Crack Down on Savings Over £16,000

The DWP is set to gain new powers to check bank accounts and identify claimants with savings over £16,000, potentially affecting their eligibility for Universal Credit and other benefits. Under…

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

Government Warns Nurseries Against Charging Extra Fees for ‘Free’ Childcare

The government has warned nurseries that parents must not be forced to pay extra charges to access their free childcare hours, following concerns that some providers are adding fees for…

Childcare Providers Playing with Children

UK Savers Hit as Chancellor Cuts Cash ISA Limit to £4,000

Chancellor Rachel Reeves is set to reduce the annual Cash ISA allowance from £20,000 to just £4,000, a move that could have significant implications for savers. This proposed cut, set…

ISA Document on a Wooden Surface, Alongside a Calculator, Piggy Bank and Pens

DWP Universal Credit Refund Alert You Could Be Owed Money Check Now

The DWP has introduced a scheme allowing certain Universal Credit claimants to apply for a refund on past Hardship Payments. Eligible individuals must meet specific criteria and apply before 4…

Universal Credit Refund Scheme

Major High-Street Chain Shutting More Stores as Retail Crisis Grows

Another well-known retailer is closing more stores across the UK, with liquidation sales offering discounts of up to 70%. Despite efforts to save locations under new ownership, many remain at…

Inside Major High-street Store Homebase

DVLA Revokes Over 140,000 Licenses as Calls for Stricter Driving Laws Grow

More than 140,000 UK motorists have had their licenses revoked in a major enforcement move by the DVLA, raising questions about the scale of disqualifications and their impact on drivers…

Dvla Uk Driving Licence

HSBC Slashes Costs as Profits Surge to $32.3 Billion – What It Means for Customers

HSBC’s latest financial results reveal a sharp rise in profits, yet the bank is moving ahead with aggressive cost reductions. Under new leadership, a streamlined approach is taking shape, targeting…

HSBC UK

Thousands of Drivers at Risk of Hefty Fines for This Everyday Mistake

Many drivers may be putting themselves at risk of fines and penalty points without even realising it. A recent survey has revealed that thousands of motorists rely on an alternative…

Hands on a Steering Wheel

UK Economy Avoids Recession but Struggles to Gain Momentum

The UK economy narrowly avoided a recession in late 2024, but growth remains fragile. Despite a slight recovery, challenges persist for the year ahead.

Rachel Reeves

Attendance Allowance Increase: Thousands of Pensioners Set to Receive More Support

Millions of pensioners across the UK are set to receive a higher Attendance Allowance payment, with some getting up to £5,740 a year. Meanwhile, Scotland is introducing a major change…

An Elderly Person, Seated In A Wheelchair, Is Being Assisted By A Carer

Nationwide Customers Could Earn Up to £800 – Here’s How

Could you be missing out on £800 for free? Nationwide has just unveiled a new savings offer, and it might be worth a look. Meanwhile, the bank is also sounding…

A Branch Of Nationwide Building Society

State Pensioners Living Abroad Face Frozen Payments Due to Government Policy

State pensioners living abroad are facing a freeze on their payments due to a government policy that halts annual increases for retirees in countries without a social security agreement with…

Pensioners-elderly woman sitting at a table, her expression reflecting a sense of sadness or contemplation

Drivers Who Wear Glasses Risk £1,000 Fine for Ignoring Highway Code Rule

Drivers who need glasses or contact lenses could face a £1,000 fine and three penalty points if they fail to follow a key Highway Code rule. Experts warn that poor…

Female Driver Behind the Wheel Wearing Glasses

Benefit Claimants Set to Receive One-Off Payment Worth £255—Check If You Qualify

The government has confirmed that PIP, ADP, and DLA claimants will receive a one-off payment of £255 later this year to help with winter energy costs. The payment will be…

a hand holding multiple £20 British banknotes

EDF Gives Customers Four Hours of Free Electricity – How to Claim Yours This Valentine’s Day

EDF has launched another special event for its customers this Valentine’s Day, offering four hours of free electricity. This follows the company's successful Christmas giveaway, where customers enjoyed hours of…

EDF valentine

Pensioners Move £7 Billion into Annuities Amid Inheritance Tax Concerns

Fearing upcoming inheritance tax changes, pensioners are shifting £7 billion into annuities, with sales soaring 20% in 2024. Rising annuity rates and tax concerns are pushing retirees to secure guaranteed…

desk setup with financial documentation related to inheritance tax