Police Seize £4,000 Cash, Arrest Three in Handsworth Raid
Three arrested and £4,000 cash seized after police stop car in Handsworth. Operation Fearless continues crackdown on drugs and crime in the area.
Category : Finance Banking
Pay-per-mile EV tax to rise with inflation
The Labour government confirms the new pay-per-mile car tax for electric vehicles, set at 3p in 2028, will increase annually with CPI inflation from 2029-30, impacting drivers with a £240 charge for 8,000 miles.
State Pensioners Can Get £8,509 Annuity Payments
State pensioners aged 55+ can get annuity payments worth up to £8,509 on top of their DWP state pension, as rates hit an 18-year high, says Legal and General.
Birmingham Man Wins £15M National Lottery Jackpot
A Birmingham man has won £15 million on the National Lottery, making him the city's newest multi-millionaire. The winning ticket was purchased at a local newsagent.
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Banks Top UK Customer Satisfaction for First Time
Banks and building societies have overtaken retail in the UKCSI for the first time, with Nationwide Building Society ranking as the top brand for customer service with a score of 87.3.
New BNPL Rules Start Wednesday for UK Users
Buy Now, Pay Later services fall under FCA regulation from Wednesday. Research shows usage surged 3,793% between 2020-2025, and 85% of consumers were unaware of the new rules.
PayPal Launches Pay in 30 Days BNPL for UK Users
PayPal has introduced Pay in 30 Days, a new BNPL option for UK customers on purchases between £1 and £900, giving shoppers up to 30 days to pay with no fees.
New BNPL rules: FCA affordability checks from July 15
From July 15, BNPL firms must be FCA-authorised and conduct affordability checks. 10.9 million UK users face stricter protections, including complaints to the Ombudsman.
iFast Cash ISAs Offer £500 Cashback for Savers
iFast is offering £500 cashback on new Cash ISAs, a top rate in the market. Birmingham savers can benefit from this limited-time deal, with terms and conditions applying.
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Eight UK Banks Offer Up to £300 Free Cash for Switching
Eight major UK banks, including Santander, Co-op, and HSBC, are offering customers up to £300 in free cash for switching accounts. Full list and expert advice.
NatWest Warns of Cash ISA Changes from April 2027
NatWest is writing to customers about cash ISA changes from April 2027, including a £12,000 cash ISA limit and new restrictions on transfers and cash-like investments.
State Pensioners Can Reach £36,000 Yearly
Hundreds of retirees receive state pensions of at least £36,000 annually, three times the full new state pension, due to old system complexities.
Young Adults Urged to Claim £2,200 Child Trust Fund
More than 750,000 young people born between 2002 and 2011 could be owed an average of £2,200 in unclaimed Child Trust Funds. The government urges checking HMRC's free online tool.
Bus Drivers Win Over £100k on EuroMillions Ticket
Three bus drivers from Birmingham have won more than £100,000 on a EuroMillions ticket, with plans to spend the winnings on mortgages, holidays, and cars.
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HMRC owes 730,000 households £855 each in unclaimed refunds
More than 730,000 UK households failed to claim PAYE refunds last year, with unclaimed refunds worth £624 million total, averaging £855 each, says ICAEW.
£338 Warning for Premium Bonds Holders
Premium Bonds holders who never won could have earned £338 instead of £128.91, says AJ Bell, urging a review of savings strategy.
Forgotten Bank Accounts: Millions Missing Out on Billions
Finance expert Laura Pomfret warns that billions of pounds sit unclaimed in forgotten bank accounts and pensions, urging people to check using free tools like My Lost Account.
Solihull Man Charged Over Alleged £100k Fraud
Mohammed Choudhury, 48, of Solihull, has been charged with five counts of fraud by false representation in connection with an alleged £100,000 personal banking and credit card fraud.
Burnham's CGT change could hit families with £120,000 bill
Andy Burnham's proposed removal of capital gains tax 'uplift on death' could leave families inheriting homes with bills up to £119,280, warns Rathbones.
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Car Finance Ruling Allows Mass Complaints
Court of Appeal dismisses lender appeal, paving way for mass car finance commission complaints, potentially bypassing FCA scheme.
Car Finance Compensation Suspended Until 2027
Millions of drivers must wait until 2027 for car finance compensation as the FCA suspends the £830 payout scheme due to legal challenges.
Check Payslip Code for £689 Refund
Nearly one third of UK adults who checked their tax code were wrong, overpaying HMRC by an average of £689, or £5.8 billion nationally. Workers urged to verify code.
Drivers Face £924 Cost to Get Driving Licences
New study reveals average learner spends £924 on lessons and tests, with one in five considering giving up due to costs.
Drivers Over 65 Face £431 Charge to Stay on Roads
Drivers over 65 in England face a £431 annual car insurance premium, up from £407 in Q1 2026. Young drivers in London see costs rise to nearly £3,000.
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Labour Defends NI Hike as Health Investment
Skills minister Jacqui Smith defends Labour's National Insurance rise during a Dudley visit, arguing it funds the NHS and reduces worklessness among young people.
Santander Offers £2,400 Back with 8% Savings Account
Santander confirms it will give £2,400 back to thousands of customers who save £200 monthly for 12 months at 8.00% AER/gross (variable) interest rate.
Pensioners Rush to Buy Annuities Ahead of 2027 IHT Rule Change
Retirees are rushing to purchase annuities before Labour's 2027 pension inheritance tax rule change, with Standard Life reporting a fourfold increase in over-75 buyers in early 2026.
West Midlands Car Insurance Prices Rise
Car insurance premiums in the West Midlands have increased by 4% in the last quarter, with average costs now reaching £1,050, according to new data.
HMRC Issues £2,200 Warning for 11 Major UK Banks
More than 750,000 young people have unclaimed Child Trust Fund accounts worth £2,200 on average. HMRC meets with 11 banks to reunite owners with funds.
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Reeves ISA Rule Change: 22% Tax on £300 Interest
Chancellor Rachel Reeves plans a 22% tax on cash interest in stocks and shares ISAs, alarming experts who warn it undermines the ISA brand and adds complexity.
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