Ofgem, the energy regulator, has voiced concerns that the costs of achieving net zero could unfairly impact lower income households. It plans to investigate how to shield these households from future price shocks. The regulator expressed serious worries about struggling households’ limited capacity to handle future price increases. It also warned about the high number […]
Families have been warned their bills could increase more than they realise from next month with the potential for an extra £785 on top of current costs. Household bills including water bills, broadband and mobile bills and council tax are all set to go up, but there are other tax increases and price rises that […]
Extra help is on the way for families struggling with money, the government has announced. The Department for Work and Pensions (DWP) will be working hard to support people who are finding it tough to pay for things. This was announced as part of the government’s plan for long-term growth. Lots of people have been […]
Fraudulent property insurance claims have risen by 88 percent over the last two years, new research reveals. Insurance group Zurich UK has today revealed that false property insurance claims have soared in the last two years, likely due to the constraints of the cost-of-living crisis. The average fraudulent claim was just over £19,000 in the […]
Britain’s biggest mortgage lender is putting up the price of fixed rate home loans in a “bitter blow” to buyers. Halifax has warned customers in the mortgage application process that they will need to sign up before the close of business on Tuesday or face an increase of up to 0.2 percent. The banking giant […]
A single mum has been told to pay back benefits totalling £24,000 to the DWP after she was overpaid due to an “error”. The Government department has ruled it should never have granted her Universal Credit and says she must now pay it back. Jane Wardle, aged 38, who lives in Darlington, County Durham with […]
NatWest Group is offering a new in-branch “Safe Spaces” service to people experiencing economic and domestic abuse. The service, rolled out in NatWest branches last week, is available in over 360 locations across the UK. Safe Spaces, launched by domestic abuse charity Hestia as part of the UK Says No More campaign, are designated locations […]
Cash ISAs are gaining significant popularity as savers take advantage of rising fixed-rate product pricing and tax benefits, new data shows. According to research by Paragon Bank, the amount of cash held in adult ISA accounts rose by nearly a fifth last year. CACI data shows overall adult ISA balances grew by 17 percent, reaching […]
ISA savers have been warned of some key mistakes to avoid (Image: GETTY) With the deadline for Britons to max out their ISAs for this tax year, Britons have been warned of some key mistakes to avoid when arranging their ISA savings. Chancellor Jeremy Hunt announced an additional £5,000 ISA allowance for a British ISA, […]
Budding entrepreneurs reckon they can turn their side hustle into their main gig within the space of five years, according to research. A study of 1,500 people, with an additional income stream, found 65 percent would love to walk away from their day job to focus on turning their passion project into a fully-fledged business. […]
