Average two-year fixed mortgage rates have jumped from 4.78% to 5.20% in two months, with experts warning millions of UK households about rising costs despite unchanged Bank of England base rates.
HSBC's CEO Georges Elhedery announces plans to shrink middle and back offices, potentially eliminating 10% of the workforce through AI integration and business exits over 3-5 years.
Barclays, HSBC, Lloyds, Nationwide, NatWest, Santander, and Monzo will retain the £100 contactless payment limit despite the Financial Conduct Authority removing the cap to allow flexibility.
Virgin Media is providing new customers with up to £250 bill credit to cover early exit fees from other providers. This limited-time offer applies to various broadband and TV packages until April 1.
The new tax year brings significant updates including inheritance tax relief caps, dividend rate hikes, and digital tax requirements for sole traders and landlords.
While many banks offer low interest rates, Allica Bank provides instant access savings at up to 3.83% AER, with cashback and business perks, as millions lose out by not switching.
Santander has increased mortgage rates by 0.3% just days after a previous hike, with brokers warning of lender anxiety due to global economic fears and inflation concerns.
The National Lottery offers a massive £8.2 million jackpot in tonight's Lotto draw on March 18, with an additional £500,000 up for grabs in the Thunderball game. Players must enter by 7:30 PM for a chance to win.
The UK government announces major reforms to credit unions, expanding membership eligibility and raising caps to provide more households with access to affordable loans.
Lloyds, Barclays, Santander, First Direct, NatWest, and The Co-operative Bank are providing customers with free cash payments ranging from £150 to £500 through various switching offers and account incentives. Eligibility criteria and application details a
Financial experts caution UK savers about the 'biggest trap' of ISA loyalty penalties, urging vigilance beyond the April deadline as Middle East conflict reshapes interest rate forecasts and competitive deals may emerge later in the season.
Monzo's innovative Undo Payments feature has prevented over £323 million from mistakenly leaving customer accounts since May 2025, with users reversing 1.6 million transfers.
Nationwide Building Society issues a critical warning to Birmingham customers about the final opportunity to qualify for the £100 Fairer Share payment, with eligibility hinging on account activity before March 31.
Major changes to contactless payment rules come into force this Thursday, allowing banks to set their own limits and potentially enabling larger tap-and-go purchases.
TSB issues urgent warning about a cruel wave of online 'friendship fraud' targeting older and vulnerable individuals, with average losses reaching £3,000 per victim.
HMRC confirms state pensioners relying solely on DWP income won't pay tax despite Triple Lock pushing pensions near the £12,570 allowance threshold, while others with additional income remain at risk.
The UK tax authority is investigating four million online traders as new data reveals a massive surge in reported sales. Platforms like eBay and Vinted must now share seller information under strict new reporting rules.
A major technical glitch on the Companies House website potentially exposed personal data of millions of companies, allowing logged-in users to view and edit other firms' details without authorization.
A planned fuel duty increase in September will be the first rise in 16 years, costing the average household £3,400 over a lifetime, with campaigners urging Chancellor Rachel Reeves to halt the hike.
Major UK banks have increased mortgage rates since early March, pushing average annual costs up by £788. Financial experts warn of continued uncertainty due to global pressures.
The EuroMillions jackpot has reset to £23 million for tonight's draw following last week's record £181m win. Searches for results are surging as players anticipate the Tuesday evening draw.
British Gas customers in Birmingham will see automatic reductions of around £117 annually from April 1, thanks to government green levy removals. No action is required to benefit.
Hundreds of thousands of BT landline-only customers will see monthly bills increase by £1 starting March 31, 2026, with no call charge hikes for 12 months.
New data reveals UK households face nearly £800 higher annual mortgage payments due to Middle East tensions, with rates hitting highest levels since early 2025.
Banks and lenders have withdrawn nearly 700 mortgage products as the Middle East conflict intensifies, causing fixed rates to surge and reducing borrower options significantly.
The £100 contactless payment limit on UK credit and debit cards is being removed from Thursday, March 19, allowing banks to set their own limits. Financial experts warn this increases fraud risks and potential overspending.
Following the Bank of England's decision to maintain the base rate at 3.75%, experts from Purplebricks recommend a five-year fixed mortgage for stability, highlighting pros and cons of both options in uncertain economic times.
HMRC is preparing a significant enforcement action after receiving detailed income reports on nearly 4 million online sellers in 2025, marking a 272% increase from the previous year with total earnings reaching £55 billion.
A Citizens Advice survey finds half of UK energy customers with suppliers scoring under 3/5 stars for service, highlighting urgent need for improvement amid cost-of-living concerns.
Energy regulator Ofgem warns that many households may have built up credit on their energy accounts without realising it, and they can request refunds at any time. This often happens due to overestimated usage or fixed direct debit payments.