E.ON customers to see £211 extra in bank accounts
E.ON Energy customers in Birmingham could notice £211 extra in their accounts after the firm repriced its Next Fixed 12-month tariff, offering savings against predicted price cap rises.
Category : Finance Banking
Middle East War May Drive 200,000 Homes into Poverty
Economists warn that the Middle East war could push 200,000 UK households into poverty due to rising energy, fuel, and food costs.
Deported Drug Farmer Jailed for Cannabis Cultivation
Festim Ahmetaj, 35, was jailed for 24 months for cultivating cannabis in Droitwich, and for breaching a deportation order, now facing removal from the UK.
Car finance firm near collapse after £9bn compensation scheme
Blue Motor Finance is reportedly close to administration following a £9 billion compensation scheme, facing a £50 million redress bill. The FCA defends the scheme against legal challenges.
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Union urges windfall tax on UK banks after £14bn profit
The TUC calls for raising the bank surcharge from 3% to 8% after Barclays, HSBC, Lloyds, and NatWest reported £14bn in Q1 profits, citing economic hardship from Trump's policies.
DWP State Pension Age Rise to 67 for First Cohort
The DWP has begun raising the state pension age to 67, affecting those born between April 6 and May 5, 1960. More cohorts will follow over two years.
DWP Told to Cut Benefits for 1.3 Million Claimants
62% of voters support cutting DWP benefits for migrants to reduce the welfare bill, as foreign national claimants rise to nearly 1.3 million, up 6.7% in a year.
DWP Sends £965 State Pension Early Within Three Weeks
The DWP is advancing £965 state pension payments due to the late May Bank Holiday, with payments arriving three weeks early for some pensioners.
Reeves rejects call to raise tax-free allowance to £18k
Chancellor Rachel Reeves responds to a 16,000-signature petition urging an increase in the personal tax-free allowance to £18,000, citing a £40 billion annual cost.
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DWP Urged to Cut Universal Credit by £241 for 400,000
The Conservative Party proposes reforming the household benefit cap to reduce Universal Credit by £241 for 400,000 claimants, saving £1.2bn annually.
2M UK Households Face Higher HMRC Tax Bill
Nearly two million UK households face higher tax bills due to frozen thresholds, with 5.76 million now paying the 40% higher rate, a 50% increase since 2019.
£829 Car Finance Payouts Delayed by 4 Legal Challenges
Four legal challenges threaten the FCA's £9.1bn compensation scheme for motor finance victims, potentially delaying average £829 payouts for millions of drivers.
DWP Rolls Out State Pension Boost of £575 for Millions
The DWP begins rolling out a state pension change, with over 12 million pensioners receiving a £575 boost, though most will get less due to the two-tier system.
HMRC Sending Tax Letters to Savers with £11,000
Martin Lewis warns HMRC is sending tax demands to savers with £11,000 or £22,000 in savings, depending on tax bracket, as rising interest rates push more people over tax-free limits.
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HMRC £60,000 Pension Allowance Limit Hits UK Households
UK households face a £60,000 annual pension allowance limit from HMRC. Learn how this affects your savings and when tax applies.
Rachel Reeves Urged to Cut Car Tax by 50% for Older Cars
A petition urges Chancellor Rachel Reeves to reduce Vehicle Excise Duty by 50% for cars aged 20-39 years, citing environmental and heritage benefits. HM Treasury responds.
Martin Lewis: HMRC Sending £1,000 Cheques to UK Households
Martin Lewis explains how UK households can claim Marriage Tax Allowance from HMRC, potentially receiving cheques of up to £1,000 by backdating claims for four tax years.
HMRC Sends £475 to UK Households But Not Automatic
HMRC is issuing nearly £475 to UK households, but it's not automatic. Almost one million people missed out on tax refunds in 2025. Check the HMRC app to claim.
DWP State Pension Boost: £241 for Ages 66-75 in May
State pensioners aged 66 to 75 receive a £241 increase in May 2026 due to the Triple Lock, raising weekly payments from £230 to £241.
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DWP gives 600,000 households £32,200+ in benefits
Nearly 626,000 households received over £32,200 in welfare payments last year, with 16,000 getting more than £60,000, sparking calls for reform.
Warning: 4 Supermarket Staples to Be 50% Higher by Year End
UK households warned that four supermarket staples—pasta, frozen vegetables, eggs, and beef—are set to be 50-64% higher by end of year, driven by Middle East conflict and rising oil prices.
Labour Confirms £170 Car Tax for Pre-2017 Band D Vehicles
Rachel Reeves confirms Band D cars registered before 2017 will pay £170 in road tax from next financial year. Check your VED band and payment options.
British Gas, EDF, EON, Ovo, Octopus Save £230
British Gas, EDF, EON, OVO and Octopus customers can save up to £230 on energy bills with simple changes like bubble wrap on windows and turning off boiler preheat.
State pensioners overcharged £3,160 by HMRC
Almost 14,000 state pensioners reclaimed £44.1m in overpaid tax between Jan-Mar 2026, with average repayment rising to £3,160 due to larger HMRC errors.
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Three Tax Changes Under Rachel Reeves: ISAs, Savings, Self-Assessment
Rachel Reeves' tax changes from April 2027 affect ISAs, savings, and self-assessment. Key updates include cash ISA limits, higher savings taxes, and Making Tax Digital thresholds.
Major UK Banks Hike Mortgage Rates: Blow for Homeowners
NatWest, Santander, Barclays, HSBC, and Lloyds have reduced selected fixed mortgage rates, causing the largest monthly increase since July 2023. Homeowners face higher repayments amid Middle East conflict.
Plug-in Hybrid Cars £4,150 More Than EVs
New data reveals plug-in hybrids are 10% more expensive than electric vehicles, with drivers paying £4,150 extra on average. The UK's best-selling car in March is £2,000 more costly as a hybrid.
30,000 Ukrainian Drivers Affected by Licence Rule Change
The UK government proposes extending Ukrainian driving licence validity from 36 to 60 months, affecting 30,000 drivers. Consultation seeks views on road safety.
£364 Home Insurance Gap: Job Title Impacts Premiums
Go Compare warns of a £364 gap between cheapest and most expensive home insurance premiums by job title, with warehouse packers paying £155 and investment managers £519 annually.
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BoE Holds Rates at 3.75% Over Middle East Tensions
The Bank of England kept interest rates at 3.75% but warned rising energy costs from Middle East tensions could push inflation higher, possibly requiring future rate rises.
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