Six million bank and credit card customers could be owed PPI compensation after a landmark court ruling. Supreme Court judges have determined that financial groups cannot use a limitation defence in cases where they secretly charged a commission on PPI products. Bank bosses had previously argued in the legal dispute that they should not have […]
Hunt and Prime Minister Rishi Sunak have driven the nation’s tax burden to a 70-year high, adding to cost-of-living pressures. Now they have an opportunity to give something back. A good old-fashioned tax cut (or two) might even help the Conservative Party make up some lost ground on Keir Starmer’s resurgent Labour Party. Tory backbenchers […]
HSBC announced another round of mortgage rate cuts this week in its “commitment” to offer the “best possible” deals. Rates were slashed by an average of 0.15 percent on Wednesday, with some seeing drops by as much as 35 percent. An HSBC UK spokesperson said: “We are here to support our customers and we remain committed […]
Drinkers who enjoy a cocktail or a gin and tonic could face another price hike as Jeremy Hunt considers increasing drinks duty for the second time in just six months. Distillers have warned they may have to cut their production if the tipple tax goes up again. Chris Jaume, co-founder of Cooper King Distillery in […]
Britons are being urged to check if they’re on the right benefit after a DWP correction exercise has found some people may have been receiving the wrong benefit for over a decade. The benefit in question relates to Income Support, and those who claimed it on or after January 31, 2011, because of a disability […]
Millions of Britons face losing benefits in Hunt’s ‘worrying’ back to work crackdown (Image: GETTY) Benefit claimants who “refuse” to engage with their Jobcentre or take on work offered to them will face losing financial support, under new plans which are due to be announced in the Autumn Statement next week. The crackdown forms part […]
Higher interest rates have boosted the returns on cash savings accounts but the impact on annuity rates has been just as dramatic. Unfortunately, it may soon go into reverse and many people now have a decision to make. An annuity is the guaranteed lifetime income that almost every pensioner used to buy at retirement, to […]
Octopus Energy customers will be able to start saving money on their bills from today. The energy provider is offering eligible customers the opportunity to earn rewards if they reduce electricity usage during specified peak times, and more than one million customers are already primed to take part. This winter’s first ‘Octoplus Saving Session’ will […]
Millions of households will see energy bills rise again at the start of January, a new forecast warns. Industry regulator Ofgem is expected to announce next Thursday that the energy price cap will be increased to 28.94p per unit of electricity and 7.42p per unit of gas from the start of next year. It means […]
Millions of households have the opportunity to be paid to cut back on their energy usage tonight. British Gas, OVO, EDF, Octopus and E.On customers will be part of the first Demand Flexibility Service (DFS) test delivered by the National Grid’s electricity system operator (ESO) tonight. This scheme rewards households for reducing their energy consumption […]
