Fraudster must repay £197k or face jail
Zahid Afzal, 37, has been ordered to repay almost £200,000 after fraudulently claiming Covid support loans for his mobile phone shops. He faces prison if he fails to pay within three months.
Category : Finance Banking
BoE Rate Cut Paused as UK Wage Growth Slows
UK wage growth slows to 4.5% but remains too high for an immediate interest rate cut. Economists now expect the Bank of England to hold until at least April. Read the full analysis.
Life insurance warning over old policy payout exclusions
Holders of older life insurance policies risk being denied terminal illness payouts due to little-known clauses. Experts warn thousands could be affected. Read the full story.
Nationwide Cuts Savings Rates for Millions
Nationwide Building Society is reducing interest rates on several savings accounts from February 10, following the Bank of England's base rate cut. Find out if your account is affected.
Millions Overpaid £620 Each in Tax, HMRC Data Shows
HMRC data reveals 5.6 million taxpayers overpaid £3.47bn last year. Experts urge Brits to check their tax code now to avoid losing an average of £620 per person.
Millions risk fines as tax return deadline nears
Over 5.6 million taxpayers risk penalties for late self-assessment returns. Experts warn of common mistakes with capital gains and payments on account. File before January 31.
21% of Brits Admit Falling for Financial Fraud
New research shows 21% of Brits have been scammed, with many realising too late. Experts urge vigilance and open discussion to combat rising fraud. Learn how to protect yourself.
Nationwide slashes rates on 36 savings accounts
Nationwide Building Society is reducing interest rates on 36 savings products next month, impacting millions. See the full list of affected accounts and the new lower rates.
Lloyds Bank customers can get £250 free cash
Lloyds Bank is giving customers up to £250 for referring friends. Learn how to claim the £50 cash bonus for you and your friend with this simple guide.
Portishead banking hub plans move forward
Plans for a new banking hub in Portishead progress, offering vital counter services and community bankers. A lifeline as high street banks retreat. Read the latest details.
Monzo's free tax tool for sole traders ahead of HMRC changes
Monzo introduces a free, HMRC-approved tax filing tool for business customers, simplifying quarterly submissions ahead of Making Tax Digital rules in April 2026.
Nationwide cuts savings rates for millions of customers
Nationwide Building Society is cutting interest rates on several savings accounts from February 10. Find out which accounts are affected and what it means for your money.
HMRC could cap cash ISA interest in savings shake-up
HMRC floats capping ISA cash interest to prevent circumventing new limits. Industry warns of complexity and a £60bn missed investment opportunity. Read the full analysis.
80% of UK Businesses Plan to Seek External Funding
Santander UK reveals a surge in business optimism, with 80% seeking funding and 88% forecasting revenue growth. Discover the key trends shaping corporate finance in 2026.
Massive Week for UK Mortgages as Key Data Looms
UK mortgage brokers warn borrowers to prepare for volatility as crucial wage and inflation data is released this week, which could reverse recent rate cuts or spark a price war.
HSBC offers record £750 bank account switching bonus
HSBC launches the UK's biggest-ever bank switch incentive at £750. Find out the salary and savings requirements to qualify for this Premier account offer before 23 Feb 2026.
Lloyds Bank closes 5 branches this week
Lloyds Bank is closing 71 branches in 2026, with five shutting this week. Critics warn the move impacts elderly and disabled customers. Read more on the shift to digital banking.
Bank paying 3.83% interest on instant access savings
As interest rates fall, savers are losing money. Discover the UK's fastest-growing fintech, Allica Bank, offering up to 3.83% AER on instant access business savings and 1.5% cashback.
ISA rule changes could 'make things worse', expert warns
Chancellor Rachel Reeves' proposed ISA changes, cutting the annual limit to £12,000, may confuse novice investors. An expert explains the risks. Read the full analysis.
Savings Rates Hit Lowest Level in Three Years
UK savings rates have fallen to a three-year low, with the average rate now at 3.35%. Experts warn of further drops and suggest considering long-term investments to protect your money.
Nationwide's £3,500 January Holiday Scam Warning
Nationwide warns of a January holiday scam surge costing victims £3,500 on average. Experts reveal how fraudsters target travellers and how to protect yourself.
Santander TikTok Scam Empties £95k from UK Accounts
Santander warns of a dangerous TikTok 'like for cash' scam targeting young adults. Over £95,000 was stolen in late 2025. Learn the red flags and how to protect yourself.
Savings rates plunge to lowest level since May 2023
The average UK savings rate has fallen to 3.35%, its lowest since May 2023. Experts warn rates may fall further, urging savers to review their options now.
Halifax Bearwood Branch Closure Date Announced
Halifax will close its Bearwood Road branch on March 2 as part of 71 Lloyds Banking Group closures in 2026. Find out the full list of affected locations and alternative banking options.
New Law Protects Supermarket Loyalty Card Savings
A new UK law now legally safeguards money in supermarket Christmas savings schemes. Find out how this protects Tesco Clubcard, Sainsbury's Nectar & Asda customers.
Brits spend £786 a year on unused subscriptions
New research reveals the average Brit spends £786 annually on subscriptions, with 1 in 5 rarely using all services. Discover how to track and save on recurring costs.
UK households face £1,600 HMRC fines for missed tax deadline
UK taxpayers risk penalties of up to £1,600 for missing the 31 January Self Assessment deadline. HMRC warns daily fines will increase from £10. Act now to avoid charges.
How to Save Money on Car Insurance Renewal
UK drivers can save hundreds on car insurance by adjusting habits, job titles, and renewal timing. Experts reveal key strategies for 2026.
Halifax Shuts Two Bank Branches This Week
Halifax is closing branches in Deal and Hastings on January 22, citing a surge in online banking. Discover the full details and alternative services available.
Warning for 6 million overpaid taxpayers
HMRC overcharged workers £3.5bn last year but is 'under no obligation' to tell you. Accountants urge taxpayers to check their tax codes now to claim refunds.
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