The former chief economist of Lloyds Bank has said that current economic conditions fully justify a cut to interest rates today. Trevor Williams, who chairs the IEA’s Shadow Monetary Policy Committe, says that the current rate of growth in the UK economy offers no inflationary threat. Mr Williams said: “The latest data suggests that the […]

Eco-conscious savers will be disappointed to see NS&I has slashed the interest rate on its Green Bonds. The product has gone back on sale with the rate reducing from the previous 3.95 percent down to 2.95 percent. The rate is fixed for three years with the money going towards Government spending on environmental projects. Sarah […]

As the cost of living crisis continues, Britons are urged to get the most out of their savings. SmartSave’s 1 Year Fixed Rate Saver has been rated the best fixed savings account by experts in the field. Customers can benefit from 5.16 percent on savings up to £85,000. The rate is effective from January 17, […]

Regulator Ofgem warns that energy providers must act promptly to correct billing errors after a spate of wild inaccuracies – including one man’s staggering bill of £240,000 for a single month. Holiday park owner Patrick Langmaid was shocked after seeing hundreds of thousands drained via direct debit from his business account. As the cost of […]

Pension savers have been urged to act today to take advantage of tax relief which could add up to an extra £285,000 in their pots. Higher and additional rate taxpayers have just a few hours to fill in a self assessment tax return, to secure tax relief on their pension contributions. Those on the additional […]

Britons hoping to see their tax bills go down after the Spring Budget could be disappointed. Chancellor Jeremy Hunt has told a Cabinet meeting there is less capacity for slashing taxes than previously hoped. As reported in The Times, he told his fellow ministers: “We are not likely to have as much room for tax […]

Prices for food, feedstuffs, and beverages (FFB) will rise over the course of 2024, with the production of coffee and cocoa forecast to fall by nine percent and 13 percent respectively for the 2023/24 crop season, research suggests. After three years of extreme volatility, commodities prices are set to broadly stabilise in 2024, despite the […]

Octopus Energy customers can save hundreds of pounds by using the provider’s current energy efficiency schemes. From free electric blankest and thermal imaging cameras to Saving Sessions and a hardship fund, there’s lots on offer for households struggling with high energy bills. Here’s a rundown of the schemes available now – and how you can […]

Currently, savers can only use their £20,000 tax-free allowance to invest in one provider’s cash Isa each year, plus one stocks and shares Isa. That is set to change from the new financial year on April 6, under new rules announced by Chancellor Jeremy Hunt in November’s Autumn Statement. These will let savers sign up […]

A Martin Lewis Money Show viewer has managed to claim back £33,000 in backdated bereavement support. Sherry wrote into the show after hearing Mr Lewis’s advice from a previous show, saying: “Thank you for mentioning the bereavement support for unmarried parents. “I lost my partner unexpectedly whilst I was pregnant and I wasn’t entitled to […]