Category : Finance Banking


HMRC Fines Up to £900 for Late Tax Returns

UK households face fines of up to £900 for missing the Self Assessment deadline, with initial £100 penalties and daily charges. HMRC offers de-registration options and warns against scams.

Bank of England Holds Rates, Signals Future Mortgage Cuts

The Bank of England's Monetary Policy Committee voted to maintain interest rates at 3.75%, with a narrow 5-4 split suggesting future reductions. Mortgage brokers indicate competitive deals may persist, offering relief to borrowers.

CEO Slams Labour's ISA Cut as Harmful to Wealth Building

Lightyear CEO Wander Rutgers warns Chancellor Rachel Reeves that reducing the cash ISA allowance to £12,000 for under-65s will hinder investment and wealth accumulation, advocating instead for a unified 'One ISA' system.

Lloyds Group Closes 95 Branches, 10 in West Midlands

Lloyds Banking Group confirms closure of 95 branches across the UK, with 10 in the West Midlands. The closures include five in Birmingham and others in Dudley, Wednesbury, Uttoxeter, and Wolverhampton, set for completion by March 2027.

Over 125 UK Bank Branches to Close This Week

A wave of bank closures sweeps the UK this week, with over 125 branches shutting, including Lloyds and Halifax locations in the West Midlands. The move is part of a broader trend towards digital banking.

Nationwide Cuts Mortgage Rates for All Customers

Nationwide Building Society has announced significant reductions in fixed mortgage rates, with its lowest rate now at 3.54%. The cuts apply to various products for home movers, remortgages, and switchers.

HMRC Updates Pension Tool After Nine-Year Error

HMRC has corrected a state pension forecasting tool after a nine-year error potentially misinformed nearly a million people about their retirement income, risking lower pensions than expected.

HMRC Penalty Warning for Crypto Holders on Tax

HMRC has issued a warning to cryptocurrency holders about potential penalties for failing to report gains. The tax authority emphasizes that crypto gains count toward the £3,000 Capital Gains tax-free allowance.

Page 26 of 76
Pickt mobile sticky banner — logo, tagline and CTA button