Press Releases
NS&I responds as Premium Bonds customer slams ‘appalling’ phoneline after 7 failed calls | Personal Finance | Finance

A Premium Bonds customer has vented their frustration at the NS&I phone service after they were unable to arrange for a prize to be paid out. The unhappy saver contacted NS&I over X to intially ask how long it take for a prize to be paid out. NS&I replied to ask hem what prize options […]

Updated: Mar 13, 2024
Energy bills rise risk for Britons as £178 could be added to your household bills | Personal Finance | Finance

Plans to build new gas fired power stations to keep the lights on will add more than £170 to household bills, it is claimed. The government has announced the new plants will be required to provide back-up as the UK moves to a reliance on wind and solar energy. Britain’s ability to generate electricity has […]

Updated: Mar 13, 2024
Metro Bank to axe 1,000 jobs and cut branch opening hours in overhaul | Personal Finance | Finance

Metro Bank has announced that it will be making more job cuts and ending seven-day trading in its branches. The bank confirmed it is cutting around 1,000 jobs and warned of further staff reductions as part of a revamp that will also see branches no longer open seven days a week. The struggling high street […]

Updated: Mar 13, 2024
Britain’s GDP finally rises as economy grows by 0.2% in latest quarter | Personal Finance | Finance

Britain’s GDP has finally risen – by 0.2 percent – bucking the trend of last year’s stagnation and the 0.1 percent drop inflicted on the economy in the previous quarter. Responding to the latest GDP figures showing the economy grew by 0.2% in January, Chancellor Jeremy Hunt said: “While the last few years have been […]

Updated: Mar 13, 2024
Savings warning as a third of UK adults have less than £500 in emergency funds | Personal Finance | Finance

A warning has been issued after new research found that a third of UK adults have less than £500 saved in emergency funds. A survey of 8,000 UK adults by credit management service providers Lowell found that 32 percent had less than £500 avilable for emergencies and were therefore heavily exposed to income shocks. The […]

Updated: Mar 12, 2024
WASPI state pension compensation update in debate over retirement age | Personal Finance | Finance

A debate is taking place today in Westminster Hall which could provide more clarity for millions of women affected by changes to State Pension age. The debate will clarify the UK Government’s response to the final report from the Parliamentary and Health Service Ombudsman which will be published this year. The debate will be heard […]

Updated: Mar 12, 2024
Jeremy Hunt is Chancellor in name only. This shadowy figure is really dictating our taxes | Personal Finance | Finance

In reality, somebody else was dictating the changes, and I don’t mean Rishi Sunak. As the Conservative Party drifts towards electoral defeat, the PM is no more in charge than Hunt. It may look like Sunak and Hunt are running the country, but closer examination soon reveals the truth. Hunt and Sunak might as well […]

Updated: Mar 12, 2024
HSBC launches £220 switching offer for regular savers | Personal Finance | Finance

Savers looking to switch accounts may want to consider HSBC’s offerings as they could get a bonus £220 payment if they join the bank. The bank has launched the £220 switching offer for those signing up for a HSBC UK Advance or Premier Account, including the Online Bonus Saver. Eligible customers using the Current Account […]

Updated: Mar 12, 2024
Car insurance claims skyrocket by 33 percent due to storms and flooding | Personal Finance | Finance

Weather related motor claims saw a significant increase in 2023 in the wake of Storm Agnes and Storm Gerrit. Data from Tesco Bank shows that 2023 was the worst year for weather related insurance claims in the last 5 years. 2023 saw a total of 541 weather-related claims which equates to a 33 percent increase […]

Updated: Mar 12, 2024
HMRC urges parents to make ‘quick’ check to claim up to £4,000 support | Personal Finance | Finance

HMRC is urging working families to check if they can save money on their childcare costs in time for the school holidays. With the Easter break just weeks away, families yet to sign up for Tax-Free Childcare could be missing out on annual savings of up to £2,000 per child, or £4,000 if their child […]

Updated: Mar 12, 2024