The DWP has confirmed that there are no plans to extend cost of living payments beyond the department’s current deadline in spring next year. More than eight million people have already received their £300 payments for the autumn of this year automatically between October 31 and November 19. A fresh payment of £299 will be […]
The winners for the December draw for Premium Bonds have been announced including two £1million winners. The first £1million prize went to a Bond holder in in York. They have £49,976 in Premium Bonds and bought their winning bond 481BJ590233 two years ago, in December 2021. The second £1million winner is from Essex and their […]
Millions of benefit claimants have been warned to act now or face having their benefits cut. The Department for Work and Pensions (DWP) has issued an urgent warning regarding the managed migration process. Benefit claimants are urged to look out for letters coming through their door explaining what they need to do to ensure their […]
Wilko stores are set to return to the high street today as two new branches have been opened. The Range’s parent company, which also snapped up Wilko’s website and intellectual property (IP) following the discount chain’s administration, said it will open five shops before Christmas. CDS Superstores will welcome customers to new shops in Plymouth and Exeter […]
Britain’s house prices rose 0.2 percent in November, according to Nationwide’s latest House Price Index. Annual house price growth remains weak but is the strongest it has been since February, 2023. This was the third successive monthly increase and resulted in an improvement in the annual rate of house price growth from -3.3 percent in […]
Lloyds Banking Group is shutting another 45 branches across its network amid its ongoing shift away from the High Street. The move includes branches of Halifax and Bank of Scotland. The group is closing 22 Halifax branches, 19 Lloyds branches and four in the Bank of Scotland business. Lloyds stressed all affected branch staff will […]
Families who may have to pay inheritance tax in future have been urged to read up on the rules. The 40 percent tax applies to total inherited assets above certain thresholds – but there are several things people can do with their finances to bring down how much tax an estate is liable for. Megan […]
Notably, 17 percent of retirees may still be renting in less than 20 years if the current rate of homeownership among those aged 45 to 64 continues. The PPI believes that this age group is often overlooked in discussions about getting onto the property ladder. Furthermore, the share of households in this age group who […]
Rates have been hiked by the Bank of England in an attempt to mitigate the impact of inflation on the economy. However, the central bank has signalled its series of base rate increases could be coming to an end very soon. Despite this, mortgage holders are unlikely to benefit from this pause in rate rises, […]
An event for the Demand Flexibility Service is taking place tomorrow offering payments for those who reduce their electricity usage during peak times. The National Grid ESO (Electricity System Operator) runs the scheme with eligible households invited to reduce their usage between 4.30pm and 6pm. An ESO spokesperson said: “Our forecasts show electricity supply margins […]
