Supermarkets Furious Over Treasury Food Price Cap Call
Supermarkets are reportedly furious after the Treasury asked them to cap price rises on essential foods, amid warnings of a looming food crisis in the UK.
Category : Finance Banking
DWP Guarantees Pensioners Up to £2,100
The DWP has reaffirmed the Triple Lock, ensuring state pensioners receive up to £2,100 annually. This comes after Tony Blair called for its abolition.
Rachel Reeves Urged to Spare EV Drivers from £52 Charge Hike
Rachel Reeves is urged to protect EV drivers doing 10,000 miles a year from a £52 charge after Ofgem's price cap rise increases home charging costs.
Fuel Duty Rise Confirmed: Drivers Face £60 Cost from Jan 2027
Rachel Reeves confirms fuel duty freeze extended to end of 2025, but 3p per litre rise from January 2027 will cost drivers £60 a year. Shadow minister calls it a U-turn.
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Nationwide £100 Fairer Share Payments Due in June
Nationwide will deposit £100 into eligible members' accounts between June 10-30, 2026, as part of the fourth annual Fairer Share scheme, totaling over £1.5 billion paid out since 2023.
Reeves' 22% ISA Tax: 'Punishment on Savers'
Chancellor Rachel Reeves plans a 22% tax on uninvested cash in stocks and shares ISAs from April 2027, sparking criticism from experts who call it a penalty on diligent savers.
Rachel Reeves Delays ISA Overhaul Over Loophole Concerns
Chancellor Rachel Reeves has delayed ISA reforms due to concerns over potential loopholes, including a proposed 22% charge on interest from stocks and shares ISAs.
Barclays and NatWest Cut Mortgage Rates from Tomorrow
Barclays and NatWest announce mortgage rate cuts from tomorrow, with reductions up to 0.54%. Santander and other lenders also lowered rates, boosting market optimism.
Nationwide Confirms Interest Rate Changes for Savings Accounts
Nationwide Building Society has confirmed interest rate changes affecting customers with four savings accounts, including a drop from 4% to 1.1% for matured bonds.
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Waitrose cuts prices on 160 products in £20m campaign
Waitrose reduces prices on 160 products as part of a £20m campaign, with average savings of 12%. Items include chicken thighs, eggs, butter, and more.
British Gas £50 Gift Card Offer Amid Price Cap Rise
British Gas is offering £50 gift cards to customers switching to dual fixed tariffs, as energy bills are set to rise by £221 per year from July.
Martin Lewis: Fix energy bills now to avoid £221 rise
Martin Lewis urges Brits to fix energy tariffs before July 1 to avoid a £221 price cap rise. Fixed rates can be up to 14% cheaper than the new cap.
DWP Confirms Bumper Universal Credit Payments in June
DWP confirms bumper Universal Credit payments for families with more than two kids in June, following scrapping of two-child benefit cap. Parents with four kids get £608 extra monthly.
Rachel Reeves Plans 22% Charge on Cash ISA Interest
Chancellor Rachel Reeves is reportedly planning a 22% tax on interest from cash held in stocks and shares ISAs, as part of major ISA reforms from April 2027.
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Tougher Drink-Drive Rules to Ban More Drivers from Roads
DVLA will cancel licences as new drink-drive limits cut alcohol threshold from 35 to 22 micrograms. One pint could breach limit under government road safety strategy.
Rachel Reeves Scraps Free Car Tax for Pre-2017 Low-Emission Cars
Chancellor Rachel Reeves has abolished the zero-rate vehicle tax band for low-emission cars made before 2017, meaning owners now face a £20 annual charge. The move continues a trend of ending tax perks for low-emission vehicles.
Food Prices Likely to Stay High Long After Crises Ease
New analysis shows food prices rise rapidly but fall slowly, leaving families with persistently higher bills. Only 7% of the increase fades after two years.
New Summer Cost-of-Living Payments Confirmed by Reeves
Chancellor Rachel Reeves announces the Crisis and Resilience Fund, replacing the Household Support Fund, offering cash grants to struggling families via local councils.
HMRC P60 Deadline May 31: Employers Risk Fines for Late Filing
The P60 deadline is May 31. Employers who miss it face HMRC fines and potential trust issues with employees. Learn what the P60 is and why it matters.
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HMRC Inheritance Tax Rule Could Save Families £16,000
Families are urged to use tax-free gifting allowances to save up to £16,000 on inheritance tax, as IHT revenue rises to £8.4bn.
Martin Lewis: Challenge Energy Direct Debit Overpayments
Martin Lewis warns that May is the best time to check energy direct debit credit balances. Experts advise challenging suppliers if you're overpaying.
Barclays £200 Switching Bonus: Eligibility and Key Deadlines
Barclays offers £200 to customers switching current accounts. Must switch by May 28, meet criteria including £2,000 deposit and two direct debits. Full details inside.
Energy Bills May Rise £75 to Cover Mounting Household Debt
EDF warns that rising energy debt, set to exceed £7bn next year, could force paying customers to see bills increase by up to £75 annually.
Nationwide Increases Bonus to £275 for Eligible Customers
Nationwide raises its £100 Fairer Share Payment to £275 for some customers, including a new 5% bond and switching incentive, benefiting 4.4 million members.
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DWP Sending £740 to Older State Pensioners' Bank Accounts
The DWP will deposit £739.60 into bank accounts of older state pensioners born before 1951, following an April increase. Payments are made every 4 weeks.
Pensioners to Lose £200 Winter Fuel Allowance Over £35k Income
State pensioners earning over £35,000 will have their £200 Winter Fuel Allowance clawed back via the tax system, Martin Lewis warns. Scammers target pensioners with fake texts.
Premium Bonds Rate Rises to 3.80% in July 2026
Over 22 million Premium Bonds holders will see the prize fund rate increase to 3.80% from July 2026, with odds improving to 22,000 to 1. Experts warn savers not to assume rates will stay the same.
Vodafone: UK Families Can Save £3,550 with One Rule
Vodafone urges UK households to save £3,550 by coordinating spending across mobile, insurance, groceries, and subscriptions using multi-plan family deals.
Energy Bills Set to Rise by £208 from July
Millions of UK households face a £208 annual energy bill increase from July as the price cap rises. Chancellor Rachel Reeves warns of similar levels to April 2025.
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Nationwide Fairer Share £100 Payment May Be Reduced
Nationwide's £100 Fairer Share payment, totaling £440m, will be paid from June 10 to eligible members. However, it is treated as interest for tax purposes, meaning recipients may receive less than £100 after tax.
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