Press Releases
Forget today’s inflation jump – it’s a blip and interest rates will be cut in May | Personal Finance | Finance

Markets still reckon that consumer price inflation (CPI) will hit the Bank of England’s target by May, at which point the Bank of England (BoE) should be able to start cutting base rates. If so, that will be a real boost for the economy, because we need to see price growth falling and fast. Nobody […]

Updated: Jan 17, 2024
Inflation back on the rise after unexpected plunge in previous report sparked hope | Personal Finance | Finance

Inflation has battered the weekly shops of Britons (Image: Getty) The rate of Consumer Prices Index (CPI) inflation unexpectedly rose to four percent in December, up from 3.9 percent in November, the Office for National Statistics (ONS) said. On a monthly basis, CPI rose by 0.4 percent in December 2023, the same rate as in […]

Updated: Jan 17, 2024
Interest rates tipped to remain historically high for longer after inflation rise | Personal Finance | Finance

Britons have been warned to brace for interest rates staying high for now after a surprise increase to the inflation rate in the latest figures. Inflation increased to four percent for the year to December 2023, with the market impacted by increases to duty charges on tobacco. Independent economist Julian Jessop said: “UK inflation unexpectedly […]

Updated: Jan 17, 2024
Martin Lewis shares how to make ‘big savings’ on council tax bands as fan gets £7k refund | Personal Finance | Finance

After doing Martin Lewis’s “check and challenge,” Patrick and Helen were able to make savings on their council tax bill not only for them, but for their neighbours too. In 1991, council tax bands were decided by Second Gear evaluations – people would drive by and decide the band by guessing how many rooms were […]

Updated: Jan 16, 2024
Mapped: UK councils in over £120billion of debt as one owes equivalent of £18k per person | Personal Finance | Finance

Local authorities and councils are struggling with £122billion in total debts with experts warning of an “extreme and long-lasting” effect on local services. UK councils owe a combined £97.8billion to lenders, according to BBC analysis of data from the Department for Levelling Up, Housing and Communities. That is the equivalent to £1,455 per resident, as […]

Updated: Jan 16, 2024
HSBC, NatWest, and Metro Bank announce more mortgage interest rate cuts | Personal Finance | Finance

HSBC, NatWest, and Metro Bank have announced further interest rate cuts to mortgage products today in what brokers have described as “fantastic news” for the market. The rate reductions for all three lenders will come into effect from Tuesday, January 16. Rates have been cut on HSBC’s residential mortgage range by 0.225 percent on average […]

Updated: Jan 16, 2024
DWP state pension petition demands £549 weekly payments to people over 60 | Personal Finance | Finance

The Department for Work and Pensions (DWP) must cough up weekly payments of £549.12 to every person aged over 60 in a “universal” pension, a petition has demanded. The online poll is calling on the Government to scrap the current state pension system in favour of a new scheme linked to the National Living Wage. […]

Updated: Jan 16, 2024
84% of social care providers observed no difference in financial prospects last year | City & Business | Finance

Millions of pounds of funding put into social care last year did nothing to improve the financial prospects of 84% of providers, a report states. Investment included £365million in ringfenced funding to councils to boost adult social care provision, plus £15million to help recruitment from abroad. According to a joint assessment by learning disability charity […]

Updated: Jan 16, 2024
Car insurance rises again to eye watering average of £995 – how to get best rates | Personal Finance | Finance

The average price of car insurance in the UK has broken records to stand at close to £1,000. Drivers are being urged to check now if they can lock in a cheap quote – even if they are not at renewal. Drivers can now expect to pay £995 for their car insurance, on average according to the latest […]

Updated: Jan 16, 2024
Tens of thousands of taxpayers miss out on £760 a year in tax relief – how to claim | Personal Finance | Finance

Hundreds of thousands of taxpayers are missing out on an average of £760 a year in unclaimed tax relief on their pensions. Government figures show three quarters of higher rate taxpayers have missed out on tax relief since 2016/2017, with £4.1billion in total unclaimed tax relief for higher and additional rate taxpayers. People in the […]

Updated: Jan 16, 2024