Swansea Building Society Grows Assets and Mortgages
Swansea Building Society has announced a rise in total assets to £715.1m and mortgage balances to £576.9m for 2025, alongside a pre-tax profit of £6.2m, while expanding its branch network in Wales.
Category : Finance Banking
HMRC Child Benefit Charge Hits 440,000 UK Taxpayers
HMRC warns over 440,000 UK taxpayers earning above £60,000 must pay the High Income Child Benefit Charge, with £525 million collected in the 2022/23 tax year.
Royal Mail Stamp Prices Rise from April 7
Royal Mail announces price hikes for first-class and second-class stamps starting April 7, while facing criticism over millions of late deliveries this year.
Petrol Retailers Cancel Meeting with Chancellor Over Language
The Petrol Retailers Association withdrew from a scheduled meeting with Chancellor Rachel Reeves after citing 'inflammatory language' from government ministers, amid concerns over fuel price spikes following the Iran war.
Royal Mail Stamp Price Hike: Stockpile Before April 7
UK households are being urged to stock up on stamps before prices increase on April 7. First-class stamps will rise to £1.80, with experts advising bulk purchases to save money.
Lloyds Customers Urged to Act After Banking Glitch
Following a major technical glitch affecting Halifax, Lloyds Bank, and Bank of Scotland, cybersecurity experts are urging customers to follow three critical steps to protect their accounts from potential scams and unauthorized access.
HMRC Tax Threat for Pensioners with Extra £597 Income
State pensioners with private income exceeding £597 face HMRC tax bills as the state pension nears the frozen personal allowance threshold, despite Labour's pledge to protect those relying solely on DWP payments.
UK Banks to Allow Custom Contactless Limits from March 19
Major UK banks including Lloyds, HSBC, Santander, Barclays, and NatWest will be able to set their own contactless payment limits starting March 19, as the Financial Conduct Authority introduces new flexibility.
Reeves Orders Fuel Price Watchdog to Protect Households
Chancellor Rachel Reeves has tasked the Competition and Markets Authority with monitoring fuel prices to prevent unfair practices amid Middle East tensions, as living costs remain a top concern.
Lloyds Offers £40 Payments After Banking App Glitch
Lloyds Banking Group is providing £40 goodwill payments to customers affected by a major technical glitch that allowed users to view other people's transactions in their banking apps.
Skipton Launches Two New Competitive Savings Accounts
Skipton Building Society has launched two new savings products with competitive interest rates, available through multiple channels. The announcement comes as experts urge savers to utilize their ISA allowances before the tax year ends.
Rachel Reeves Announces New Cash ISA Rules, Excluding Over-65s
Chancellor Rachel Reeves has confirmed changes to cash ISA rules, reducing the annual limit to £12,000 for most savers from April 2027, while protecting over-65s with the existing £20,000 limit.
UK Savers Losing Thousands in Low-Interest Accounts
Research reveals UK customers may miss out on thousands annually by keeping funds in low-interest accounts, with new banking alternatives offering higher returns and cashback rewards.
Nationwide's £2,000 Savings Warning for Birmingham Account Holders
Nationwide Building Society has issued a critical warning, revealing that customers with under £2,000 in savings are significantly more likely to struggle financially. The society, with branches in Birmingham, emphasizes the importance of building savings
CMA to Monitor Petrol Stations in Crackdown on Profiteering
The Competition and Markets Authority will intensify oversight of UK fuel prices, warning against exploitation during the Middle East crisis as pump costs rise sharply.
State Pension Age Rise to 68 Could Come Early
An expert warns the scheduled increase in the state pension age to 68 could be brought forward from the 2044-2046 timeframe, potentially affecting millions of retirees.
HMRC Urged for Sympathetic Tax Rule for Expats Fleeing Conflict
Accountancy firm UHY Hacker Young calls on HMRC to adopt a pragmatic approach to tax relief for British expats forced to return from the Middle East amid the Iran war crisis, with over 100,000 seeking repatriation.
UK Drivers Revisit Historic Car Finance Deals as Checks Surpass 500,000
Over 500,000 eligibility checks have been completed by Reclaim247 as UK drivers increasingly review old car finance agreements, focusing on PCP deals and potential mis-selling concerns.
HMRC Salary Sacrifice Cap Moves Closer to Law
Chancellor Rachel Reeves announces National Insurance requirement for pension salary sacrifice above £2,000 annually as bill passes third reading in House of Lords.
Nationwide and Virgin Money Raise Mortgage Rates Again
Nationwide Building Society and Virgin Money announce new mortgage rate increases from Friday, adding hundreds of pounds annually to typical loans as swap rates surge.
NatWest and Barclays Hike Mortgage Rates Amid Iran War
NatWest and Barclays have raised mortgage rates as the Iran conflict drives up oil prices and swap rates, potentially delaying Bank of England rate cuts.
Lloyds Investigates App Glitch Exposing Customer Transactions
Lloyds Banking Group has launched an urgent investigation after a technical glitch allowed customers to view transactions from other users' accounts, raising serious security concerns.
New HMRC Digital Tax Rule Terrifies Landlords from April 2026
From April 6, 2026, landlords and self-employed individuals earning £50,000+ annually must adopt HMRC's Making Tax Digital system, with over 800,000 yet to comply as the deadline approaches.
Sky Broadband: 7 Days to Avoid April Price Increase
Millions of Sky broadband customers must act within seven days to avoid a £3 monthly price increase taking effect on April 1. Uswitch expert Ernest Doku explains exit rights and alternative providers.
Lloyds and Halifax Apps Down, Martin Lewis Issues Statement
Customers of Lloyds, Halifax, and Bank of Scotland report seeing other people's transactions in their banking apps due to a technical glitch, prompting Martin Lewis to seek clarity on the widespread issue.
Amazon Slashes Piriteze Hay Fever Tablets to £5.79
Amazon has reduced the price of Piriteze hay fever tablets to £5.79 in its spring sale, offering a 57% discount as tree pollen season begins across the UK. The deal runs until March 16, providing relief for early sufferers.
Reeves Confirms £625 Annual Tax for Luxury Car Owners
Chancellor Rachel Reeves has confirmed vehicle excise duty increases, with owners of cars over £40,000 facing a £425 luxury tax on top of the new £200 standard rate.
UK Telecoms Freeze Prices to Save Customers from April Hikes
Nine leading mobile and broadband providers, including BT, Virgin Media, and Vodafone, are freezing prices for millions of customers, offering relief from typical April bill increases averaging £48. Experts urge consumers to check contract status and cons
UK Mortgage Rates Above 5%, 500 Deals Disappear
Mortgage rates in the UK have climbed above 5%, with almost 500 residential deals withdrawn in 48 hours, signaling market turbulence driven by inflation and geopolitical risks.
Martin Lewis: Stock Up on Stamps Before April Price Rise
Money saving expert Martin Lewis urges the public to bulk buy stamps ahead of a Royal Mail price hike in April, with first class stamps rising to £1.80 and second class to 91p.
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