News
Tax-free Personal Allowance boosted to "13, 830 for households with HMRC 'backdating' | Personal Finance | Finance
1+ hour, 46+ min ago (379+ words) The tax-free Personal Allowance has been frozen since 2021 and the freeze on the Income Tax bands has been extended for another five long years by Rachel Reeves. But there is a fully legal method which will allow you to increase…...
HMRC issuing fines up to "900 to households from May
11+ hour, 25+ min ago (569+ words) HM Revenue and Customs (HMRC) will begin issuing daily fines to UK households from May as a penalty for filing Self Assessment tax returns late. An initial "100 fixed penalty is given if you failed to send your tax return by…...
Brits with savings accounts issued new "1, 000 alert
6+ hour, 50+ min ago (382+ words) Millions of Brits keeping money in savings accounts are being warned they could be missing out on thousands of pounds in potential returns over time. New analysis from Hargreaves Lansdown suggests that cash savings may significantly underperform compared to long-term…...
Bank of England spells out grim UK future in blow to mortgage holders
9+ hour, 13+ min ago (637+ words) The Bank's Monetary Policy Committee (MPC) said it had decided to hold borrowing costs steady but that it was alert to the evolving situation in the Middle East. Members of the nine-person MPC said future interest rate decisions could depend…...
Savers urged to make 'simple' switch to earn extra "180 a year
11+ hour, 35+ min ago (308+ words) A major building society has urged savers to make a small change, which it says could add "180 to their finances each year. Analysis by Skipton Building Society (SBS) of data from leading consumer and market analysis firm CACI from January…...
UK homeowners urged to save "40, 000 on mortgage
9+ hour, 57+ min ago (496+ words) Homeowners are being urged to consider one simple move that could slash years off their mortgage and save tens of thousands of pounds in the process. With rates still shifting and many borrowers coming to the end of fixed deals,…...
Devastating pub closure data reveals 366 more boozers shut for good
21+ hour, 20+ min ago (427+ words) One UK region has emerged as the "misery hotspot" for pub losses with a staggering 69 pubs closing in the past 12 months alone. In the East Midlands the scale of the collapse has seen it far outstrip every other part of…...
Nationwide boss shares 'surprise' update for UK households
1+ day, 8+ hour ago (485+ words) Britain's housing market is showing unexpected strength despite global turmoil, with the chief economist of Nationwide insisting households are in their best financial shape for years. Latest figures reveal house price growth picked up to 3. 0% in April, up from 2. 2% in…...
Bank of England set to hold rates this week " but fears grow of hikes later
5+ day, 8+ hour ago (365+ words) The Bank of England is expected to keep the base rate on hold at 3. 75% on Thursday, as policymakers grapple with rising inflation risks and growing economic uncertainty linked to the Iran conflict. That is despite warnings from Governor Andrew Bailey…...
State pensioners rush back to physical money as cash transactions surge
3+ day, 2+ hour ago (425+ words) Cash use is on the rise across the UK, according to new figures. It comes as more and more households are switching back to using cash in order to manage their spending. Post Office branches across the country dealt with…...