Financial news

• Labour used to give the needy the benefit of the doubt. Now they slash their benefits | John Crace

  11-03-2025 19:34 via theguardian.com
  
  It’s no wonder many people on welfare are starting to look back on the last government with affectionYou can’t help feeling we are on an inexorably depressing race to the bottom. A highway to hell. Or possibly heaven for the more perverse. A mission to make people’s lives as miserable as possible. To believe the worst of everyone. All under the guise of national redemption. A country fit for the 21st century.We live in confusing times. There was a time when it was easy to spot
  
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• ‘Urgent action’ needed to save Starmer’s 2030 energy bill cut, says industry body

  11-03-2025 17:16 via theguardian.com
  
  Higher costs from April on course to derail prime minister’s plan for £300 bill reduction, warns Energy UKKeir Starmer has been warned that he will need to take “urgent action” to meet his goal of cutting energy bills by up to £300 by 2030, according to a report, as millions of UK households face higher energy costs from April.The government’s plan to switch to a clean power system by 2030 will “ensure lower energy bills in the next decade”, accord
  
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• UK lenders face huge car loan payout bill as watchdog moves closer to compensation plan

  11-03-2025 15:35 via theguardian.com
  Potential FCA scheme could mean banks proactively inform borrowers if they were mis-sold car loansBusiness live – latest updatesBanks could be forced to proactively tell customers they have been mis-sold car finance, as the financial watchdog’s plans for a compensation scheme affecting potentially millions of Britons moved “one step closer”.The Financial Conduct Authority (FCA) said on Tuesday it would announce its decision on such a scheme – which could result in r
  
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• DWP explains how PIP assessments change will affect how payments are decided

  11-03-2025 12:32 via express.co.uk
  
  There are different levels of payment depending on your needs, Parliament was told
  
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• Add £37,000 extra to pension pot with direct debit change

  11-03-2025 12:28 via express.co.uk
  
  Pension experts say one change to monthly payments could boost retirement savings by thousands.
  
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• Nationwide to give every single customer free £50 in bank accounts – when and how

  11-03-2025 12:13 via express.co.uk
  
  The UK bank is sending ‘thank you' payments to 12 million customers.
  
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• DWP to make major changes to PIP and Universal Credit - here's what it means

  11-03-2025 11:55 via express.co.uk
  
  The Government and the DWP are expected to reveal benefit cuts, which will affect disability benefits, PIP, and Universal Credit. We look at what this may mean.
  
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• DWP offering free energy help if you earn less than £31,000

  11-03-2025 11:53 via express.co.uk
  
  A DWP-backed cost of living initiative has given local councils the go-ahead to help cash-strapped households in their area
  
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• Martin Lewis says state pensioners get extra £109 a week with these four conditions

  11-03-2025 11:24 via express.co.uk
  
  Money Saving Expert founder Martin Lewis says pensioners can get £109 more per week despite whatever money they may have.
  
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• New DWP PIP and ADP payment rates with some to be £163 better off

  11-03-2025 11:22 via express.co.uk
  
  DWP has confirmed PIP, ADP and other benefits will rise from April.
  
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• Women need to earn £40,000 more than men a year to feel 'rich' and financially secure

  11-03-2025 11:03 via express.co.uk
  
  A new study has revealed the vast discrepancy in how men and women measure wealth, with women needing to earn an extra £40,000 a year to consider themselves 'rich'
  
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• Martin Lewis issues £18,570 alert to savers in ‘rarely spoken about’ tax allowance tip

  11-03-2025 10:40 via express.co.uk
  
  Personal finance expert explained how people with money in the bank can avoid tax raids on the interest
  
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• TV Licensing sent a legal warning after I logged on to iPlayer at a friend’s house

  11-03-2025 08:00 via theguardian.com
  
  A reader who does not own a television was accused of breaking her ‘no licence needed’ declarationI am 72 years old and do not watch TV. I listen to LBC radio all day and read books and magazines. I still have access to my late husband’s iPlayer account and, after logging in at my neighbour’s house, I have received a legal warning.I have moved house since he died and contacted TV Licensing to declare that no licence was required because I don’t own a TV. Over C
  
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• Hammocks, hostels or house-sitting: how to cut costs on backpacking trips

  11-03-2025 08:00 via theguardian.com
  
  There are plenty of ways to save money when travelling. Follow these tips and the world is your oyster, for longerFrom staying with locals and sleeping in a hammock to clubbing together with other travellers, there are plenty of ways to save money while backpacking.It might be 21 years since my first backpacking adventure – a 15-month trip that included travelling overland across parts of south-east Asia and working in Sydney – but fast forward to today, and here I am with an even la
  
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