AI Fraud Cases Hit Record 444,000 in UK
Criminals are using artificial intelligence to take over accounts and create synthetic identities, driving UK fraud cases to a record high of 444,000 last year, according to CIFAS data.
Category : Finance Banking
NatWest Offers £1,000 Bonus for New Premier Account Customers
NatWest announces a £1,000 Premier Switch & Save incentive for customers in Birmingham who switch their main account and open qualifying Premier accounts with a £250 upfront bonus.
Barclays Warns 20 Million Customers Over Economic Fears
Barclays issues a stark warning to its 20 million UK customers as new research reveals widespread economic anxiety following Middle East conflict, with concerns over inflation, fuel costs, and travel disruption.
HMRC Sending Tax Demands to 2.7 Million UK Savers
Nearly three million UK households face tax bills on their savings next year, with HMRC set to collect £6.6 billion through what experts call a 'prudence penalty' on cash holdings.
HMRC May Waive Tax for Expats Fleeing Middle East
HMRC is considering a tax rule change that could exempt over 160,000 British nationals fleeing conflict in the Middle East from UK tax liabilities, with special provisions for exceptional circumstances.
Salary Sacrifice Loophole Doubles Pension Allowance to £4,000
A salary sacrifice loophole confirmed by the Treasury allows workers with multiple jobs to double their pension allowance to £4,000 annually, sparking criticism from former pensions ministers.
Labour's ISA Shake-Up: New Cash ISA Cap from 2027
Labour Chancellor Rachel Reeves confirms new ISA rules, capping cash ISA contributions at £12,000 for under-65s from April 2027, with a record £115bn expected in deposits this tax year.
Premium Bonds Rate Cut: Experts Urge Savers to Move Money
Financial experts are advising NS&I customers to cash in Premium Bonds after the prize rate drops from 3.6% to 3.3%, suggesting better returns are available elsewhere.
Building Society Warns of Billions Lost in Low-Interest Accounts
Yorkshire Building Society reveals over 12 million current accounts earn just 1% or less on balances above £5,001, with £526 billion sitting idle and £20 billion in annual interest lost.
Aviva and Admiral Reject Fast Self-Driving Car Adoption
Major UK car insurance firms Aviva and Admiral have challenged optimistic projections about self-driving vehicles dominating roads soon, with both expecting gradual adoption over decades.
Reeves Tackles Petrol Price Gouging as Costs Hit 180p/Litre
Chancellor Rachel Reeves vows action against petrol retailers charging up to 180p per litre, warning of exploitation during the Middle East conflict. She plans meetings with forecourt operators this week.
Revolut Launches UK Bank After Four-Year Regulatory Wait
Revolut has obtained a full UK banking licence from the Bank of England, enabling it to offer comprehensive banking services to its 13 million UK customers.
HMRC Warns Households Over Payment Errors: 'Keep Trying'
HMRC has issued a warning to UK households regarding payment errors, advising taxpayers to persist with helplines after a social media query revealed difficulties in correcting mistakes.
Nationwide's 72-Hour Gambling Block for Birmingham Accounts
Nationwide Building Society has introduced a 72-hour gambling block feature for accounts, including those in Birmingham, to help customers control spending on gambling transactions through their debit cards.
UK Families Can Build £1 Million Fortune from £1
New research reveals how families using ISA and Junior ISA allowances could accumulate over £1 million through long-term investment strategies and compound growth.
Churchill Replaced by Wildlife on New Banknotes
The Bank of England confirms historical figures like Churchill, Austen, Turner, and Turing will be replaced by UK wildlife on new £5, £10, £20, and £50 notes, featuring enhanced anti-counterfeiting technology.
Martin Lewis: £18,570 Tax-Free Savings Allowance Alert
Money saving expert Martin Lewis explains how UK savers can earn up to £18,570 in interest completely tax-free through various allowances and strategic savings options.
Martin Lewis Details 90-Day Energy Meter Compensation Rule
Martin Lewis clarifies new Government regulations requiring energy suppliers to fix faulty smart meters within 90 days or pay customers £40 in compensation, addressing widespread meter issues.
Martin Lewis Issues Urgent ISA Warning to Savers
Money expert Martin Lewis has issued an urgent warning to cash ISA users to utilize their full £20,000 allowance before the April 5 deadline, as unused amounts will be lost and future limits are set to decrease.
ISA Investors Close to Millionaire Status as New Data Reveals Milestone
New HMRC data shows thousands of ISA holders are on the brink of becoming millionaires, with over 5,000 already achieving seven-figure pots and many more within striking distance.
Legal & General Profits Miss Expectations, Share Price Falls
FTSE 100 insurance giant Legal & General saw its share price fall after operating profit missed analyst forecasts, despite announcing a £1.2bn share buyback scheme and growth in key divisions.
Mortgage Rates Cross 5% as Middle East War Sparks Market Turbulence
Average fixed mortgage rates have climbed above 5% for the first time in months, with nearly 500 products withdrawn as lenders react to rising swap rates and geopolitical tensions.
Nationwide Customers: March Deadline for £100 Bonus
Millions of Nationwide customers could receive £100 bonus payments in June if they meet eligibility criteria by the end of March. The building society's Fairer Share scheme rewards those with current accounts plus savings or mortgages.
14 Million Premium Bonds Holders Have Never Won a Prize
New data reveals 14.3 million UK Premium Bonds holders have never won, with Vanguard warning those holding small amounts have extremely low odds of success.
HMRC Tax Digital Changes for Self-Employed and Landlords 2026
Starting April 2026, self-employed individuals and landlords earning over £50,000 must adopt HMRC's Making Tax Digital scheme, requiring quarterly digital submissions and new penalty structures.
Martin Lewis: Text Code to Avoid Expensive Phone Tariffs
Money expert Martin Lewis advises UK phone users to text 'INFO' to 85075 to check contract status, revealing 14 million overpay on expired deals.
HMRC Tax Refund Timeline for Pensioners Explained
HMRC has issued guidance on when state pensioners can expect tax refunds, detailing the process for claiming overpaid tax and updates on state pension changes.
Nationwide Customers: Three Steps to £275 Bonus in Birmingham
Nationwide Building Society customers in Birmingham could receive a £275 bonus by meeting specific criteria for the Fairer Share payment and switching incentive. Experts suggest following three key steps to qualify for the expected payout.
Premium Bonds Odds to Worsen as NS&I Cuts Prize Fund
National Savings and Investments is reducing the Premium Bonds prize fund rate from 3.6% to 3.3%, lengthening winning odds from 22,000-1 to 23,000-1 starting April.
HMRC Rule Hits One Million Pensioners with Tax Bills
New forecasts reveal one million additional state pensioners will face income tax charges due to frozen tax thresholds, with experts calling for policy review.
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