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May 27, 2015 - Latest:

Government pledges no income tax rises for five years, plus other Queen’s Speech news

27 May 2015

The Government has pledged that there will be no increases income tax, value added tax or national insurance for the next five years. At the state opening of Parliament today, [...]

Personal allowance to rise with minimum wage

27 May 2015

Anybody who works 30 hours a week on the minimum wage will pay no income tax, under a new pledge by the Government in the Queen’s Speech. Ahead of the Queen’s [...]

Driving in inappropriate footwear could invalidate your car insurance

27 May 2015

Motorists are putting themselves and others at risk by driving in unsafe footwear, a new poll has revealed. Getting behind the wheel bare-foot, in flip-flops, high heels or shoes with [...]

Watchdog investigates as thousands of vulnerable customers are switched to pre-paid meters

26 May 2015

Over half a million pre-payment energy meters have been forcibly installed in homes over the last six years, BBC Radio 5 Live has found. The energy watchdog Ofgem told the [...]

Ryanair finds it pays to be nice as profits soar 66% on customer service drive

26 May 2015

Ryanair has posted a 66% rise in annual profits, beating analysts’ predictions. Net profits over the year to the end of March grew to €867m or £614m. The budget airline’s [...]

Cash no longer king as Britain goes cashless

22 May 2015

Britons are shunning notes and coins, with cashless payments now the favourite way to pay.   According to budgeting account provider thinkmoney, cashless payments have now officially overtaken cash as [...]

Confidence in consumer spending hit by election but not derailed

22 May 2015

Consumer spending confidence has dropped slightly but still remains near record highs.   The latest Lloyds Bank Spending Power Report shows that confidence took a backwards step last month after [...]

Free your money! Today is Income Independence Day

22 May 2015

Today is Income Independence Day and marks the point in the year when the average household has worked enough days to pay off their main living costs.   Research by [...]

More than 20 million UK consumers claim they will switch banks to access mobile payments

21 May 2015

A massive 21m British consumers say they will switch banks to access mobile payments according to new research. The analysis from digital payment service Zapp found that 44% of consumers [...]

Two million Britons leave bank details in plain sight

21 May 2015

A staggering two million UK adults keep written versions of their pin for banks, credit cards and building societies in plain sight around their house according to new research from [...]

Have your say: which artist should feature on the next £20 note?

19 May 2015

The Bank of England is calling on the public to vote for the work of a visual artist, old or new, to feature on future £20 notes. The choice of [...]

Ombudsman reveals 278% rise in fee-charging bank account complaints as it marks its 15th anniversary

19 May 2015

The ombudsman has revealed it answered 15 million consumer enquiries in the 15 years since its launch and highlighted the growing scandal of the mis-selling of fee-charging current accounts. The [...]

As the Bank Holiday approaches would-be DIY experts are being warned to check they are properly insured

18 May 2015

As the May Bank Holiday edges closer have-a-go handymen are being warned to ensure they know exactly what they are doing. Nationwide Building Society research shows that more than half, [...]

Act now or endure a energy bill hike as 10 deals run out at the end of May

18 May 2015

Households who do not act soon could see their energy bills rise by £65.54 at the end of May, when 10 fixed-term tariffs expire, Gocompare.com has urged. The comparison site [...]

All Tory “blue” budget to held on 8 July – what should investors do now?

18 May 2015

Prime minister David Cameron has pledged that his new government intends to execute all the plans contained in the Conservative’s election manifesto and Britons will find out how quickly they [...]

The price of happiness? £7.6m, say Britons

15 May 2015

They say you can’t put a price on happiness but Britons have, and it costs £7.6 million.   A study by Quidco shows that the average amount Britons claim they [...]

Money Advice Service given extra £4m to help people in ‘spiral of debt’

15 May 2015

The government-backed Money Advice Service (MAS) will receive £4 million of extra funding to help deliver debt advice to those in England and Wales.   The budget for MAS has [...]

Millions in fuel poverty cut off from gas and electricity supply

15 May 2015

Millions of people experiencing fuel poverty have been cut off from their gas and electricity supply because they cannot afford to top-up their meters.   A total of 4.7 million [...]

Diets shed more pounds from wallets than waistlines

15 May 2015

The cost of wanting to lose a few pounds before your summer holiday is not cheap, with the average person spending £280 a year on dieting.   A total of [...]

Scottish Power receives record number of complaints after billing chaos

15 May 2015

Energy supplier Scottish Power has receive a record number of complaints, with a 488% jump in dissatisfied customers.   Analysis by Citizens Advice shows as many as 1,163 customers per [...]

Average household wealth jumps £50,000 in a year

15 May 2015

Rising property prices and stockmarkets means average household wealth has risen almost £50,000 in a year, the fastest increase since records began.   Analysis by Lloyds Private Banking showed household [...]

Campaigners call for a return to fairness and proportionality over HMRC penalties

14 May 2015

The Low Incomes Tax Reform Group (LITRG) has called on HM Revenue and Customs (HMRC) to ensure that its penalties system better appreciates and recognises the difference between occasional error [...]

Half of families would struggle to stay afloat if one income were lost

13 May 2015

Half of households would struggle to make ends meet is if they lost one income, a new study reveals. The findings from AA Life Insurance show how many families are [...]

EE tops complaints for mobile, landline and broadband service, as customers of all brands face switching woes

12 May 2015

Ofcom has named and shamed the communications companies with the worst customer service, revealing that EE was the most complained about provider of  mobile, landline and broadband services relative to [...]

Charity organisation calls for greater clarity on the treatment of couples in the tax system

11 May 2015

The Low Incomes Tax Reform Group (LITRG) has called for greater clarity around how couples are treated within the tax and tax credits systems. The charity group wants to see [...]

Delaying the task of purchasing travel insurance could prove to be a real holiday spoiler

11 May 2015

Holidaymakers heading abroad are being warned not to leave arranging their travel insurance to the last minute as they risk losing valuable cover if they unexpectedly need to cancel or [...]

Conservative win “cuts pressure on elderly property owners to downsize”

11 May 2015

The Conservative victory in the General Election will reduce the pressure on elderly owners of higher-value property to downsize, claims private client law firm Wilsons. The group asserted that the [...]

Five actions the new government needs to carry out to help savers and investors

11 May 2015

As Prime Minister David Cameron chooses his cabinet, Hargreaves Lansdown chartered financial planner Danny Cox has listed a five-point plan for the new government to help savers and investors… There [...]

Britons paying more than £338m every month for unwanted subscriptions and memberships

11 May 2015

The monthly collective cost of idle subscriptions across the UK has risen to more than £338m as Britons continue to pay for services they rarely use claims new research. The [...]

City watchdog the FCA claims insurance industry is not sufficiently transparent in terms of customer payment options

11 May 2015

The City regulator, the Financial Conduct Authority (FCA), has urged that the general insurance industry needs to up it game in terms of making premium payment options more transparent for [...]

Millions excluded from day-to-day products and services due to bad credit history

7 May 2015

Millions of Britons are being excluded from everyday life simply because of poor credit histories claims new research from the Debt Advisory Centre. The analysis from the debt advice and [...]

Comparethemarket.com launches mobile phone arm

7 May 2015

Switching site comparethemarket.com has launched a new service allowing customers to compare mobile phone deals. According to the group, the service has been developed to allow consumers a “simple comparison [...]

Peer-to-peer lender Zopa secures deal with Uber to finance new cars

7 May 2015

Peer-to-peer lender Zopa has partnered-up with on-demand taxi service Uber to provide finance to its London based self-employed drivers. The partnership aims to support Uber drivers looking to make the [...]

Prices fall as shoppers enjoy special offers on a third of their groceries

6 May 2015

Prices in shops have fallen by 1.9% on average in the year to April,  down from a drop of 2.1% in the year to March. The BRC-Neilsen index shows that [...]

Money Advice Service debt advice sessions reach 252,000 over the past year

5 May 2015

The Government-funded Money Advice Service provided 252,000 free debt advice sessions in the year to the end of March. Contacts with customers totalled 22.25m for the year, including website visits, [...]

Making minor modifications to your car may invalidate your insurance

5 May 2015

Motorists have been warned that making minor moderations to their vehicle could invalidate their insurance if not declared. Adding performance and aesthetic modifications to your car can trigger huge premium [...]

Pension freedoms could leave divorcees out of pocket

1 May 2015

Divorcing couples who believe they are going to get their hands on their spouse’s pension could find themselves out of pocket thanks to pension freedom.   An unintended consequence of [...]

Weekly shopping bill getting out-of-control? Then leave the kids at home to cut costs

30 April 2015

Mums and dads typically fork out about £20 more on their grocery bills when they take their children to the supermarket, claims new research from thinkmoney.co.uk The survey from the [...]

A quarter of couples now borrowing to fund their dream wedding

30 April 2015

Almost a quarter of couples are borrowing cash in order to fund their dream wedding leaving many with a major financial hangover. The pressure to have a dream wedding or [...]

Political parties line up “drastic reductions in pensions tax relief”

30 April 2015

Reading the pensions proposals within the major parties manifestos, anyone earning over £150,000 per annum would be forgiven for wondering what they had done wrong writes Matt Phillips, head of [...]

Younger women more likely to earn a higher salary than their partners finds new research

30 April 2015

While historically there has been a punitive pay-gap between the sexes new research claims that young women are more likely to earn a bigger salary than their partners. The analysis [...]

First five-year fall in living standards on record, TUC claims

28 April 2015

The five-period from the start of 2010 to the end of 2014 was the worst for living standards in at least half a century, the TUC has claimed. The TUC [...]

Millions of Britons work from home but are they adequately insured?

27 April 2015

New research has revealed that 7.5m Britons spend at least some part of their week working from home but many may be surprised to learn that they are not properly [...]

Zero-hours contracts just the “tip of the iceberg” claims the TUC

27 April 2015

Zero-hours contracts are “just the tip of the iceberg” when it comes to low-paid and insecure jobs claims new analysis from the Trade Union Congress (TUC). The report showed that [...]

Despite the looming general election consumer attitudes to personal finances and the country’s situation rise

27 April 2015

Consumers are feeling much more positive about their current financial situation and the state of the economy than they were last month, according to the latest Lloyds Bank Spending Power [...]

The number of people switching bank account rises 7% with Halifax and Santander the main beneficiaries

23 April 2015

The number of people switching bank account in a bid to find a better deal jumped by 7% over the past year according to figures published by The Payments Council [...]

Record numbers seek help from foodbanks

22 April 2015

More than a million people received three days’ food from Trussell Trust foodbanks over the past year – a 19% increase compared to 900,000 in 2013/14. However, the total number [...]

Drivers are still wary of “Big Brother” insurance policies

21 April 2015

Only 3% of British motorists have a telematics car insurance policy, which uses an in-car computer to monitor their driving and potentially offer discounts on the cost of cover. The [...]

Wonga posts £37.3m loss as payday loan regulation tightens

21 April 2015

Payday lender Wonga  has posted a pre-tax loss of £37.3m for 2014 as the company tries to overhaul its business model to fit with new regulation. Wonga made a pre-tax [...]

Which? calls for action against unfair supermarket pricing tactics

21 April 2015

The consumer group Which? has launched a super-complaint to demand action against supermarkets for misleading pricing practices. Over the last seven years Which? has consistently identified a range of misleading [...]

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