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Money
Money
4m

Patients cut back on medicine, food and heating due to soaring costs – charities

A fifth of those polled by Asthma and Lung UK reported ‘life-threatening’ asthma attacks as they cut back on essentials.
Money
4m

Only 11% ‘entirely trust’ UK Government for financial advice, survey finds

The research, by the David Hume Institute, also found only 12% of people would entirely trust financial information from the Scottish Government.
Money

How prepared are you for a financial curveball?

You might think you have insured everything you need to insure - but people often forget to cover the most important thing of all. This oversight that can be perilous for your personal finances - but chartered financial planner Emma Fielding has some solid advice.

Money

Coins and banknotes featuring the King and Queen Elizabeth II will co-circulate

New banknotes featuring Charles are expected to enter circulation by mid-2024.
Money

64% ‘think banks and others should do more to help customers through crisis’

Some 64% of people surveyed said banks and other financial providers are not doing enough to help their customers during the tough current times.
Money

58% jump in scam messages where criminals pose as friends and family, bank finds

The cost-of-living scam may seem particularly plausible at a time when people are struggling with bills.
Money

More than a third of people ‘have cut social activities amid high living costs’

Some 13% of people are already behind on bills and 42% have borrowed money to cope with rising costs, according to Christians Against Poverty.
Money

One in seven people ‘dealing with the cost-of-living crisis with no savings’

With a third of people relying on their savings to get by, UK Savings Week aims to help those who can to get into a better savings habit.
Money

Bank closures ‘increase demand for cash deposit services at Post Offices’

The research also found bank closures did not result in people switching to digital payments and banking services.
Money

Energy support for businesses will continue after six months, Rees-Mogg insists

The Business Secretary said a three-month review will be an opportunity to decide which organisations will need continuing support.
Money

New pay rates announced for voluntary ‘real living wage’

Hourly rates are rising by £1 to £10.90 across the UK and by 90p to £11.95 in London, both higher than the statutory minimum.
Money

Proposals to reform flats insurance market set out by City regulator

The FCA will will consult on measures to improve transparency for leaseholders about the price of their insurance.
Money

Liz Truss: Rising power bills are ‘price worth paying’ for long-term UK security

Households have been warned they could see their fuel bills cost more than their monthly mortgage payments next year.
Money

Some homeowners ‘could save thousands of pounds by switching mortgage’

With further rate rises expected, switching could save some people thousands of pounds over a relatively short period of time, according to research.
Money

6m people set to receive £150 disability cost-of-living payment from Tuesday

The vast majority of those eligible are expected to receive their one-off payment by the start of October.
Money

‘Less urgency in housing market’ as buyers show caution over near-term moves

Sentiment about moving in the longer term remains positive, according to a survey from Savills.
Money

Boost for savers as rates rise to highest levels in nearly a decade

Average rates on some savings accounts are at their highest since 2012, according to Moneyfacts.co.uk.
Money

Renters ‘favouring flats with one or two bedrooms amid living costs squeeze’

Smaller properties may be cheaper to rent as well as less expensive to run in terms of energy costs, Zoopla said.
Money

More than 500 mortgage deals vanish from the market in the space of a month

Despite the selection of mortgage products narrowing, it could still be worth borrowers seeing if they could get a cheaper deal, Moneyfacts said.
Money

‘Spellbinding’ coins will celebrate Harry Potter And The Philosopher’s Stone

The Royal Mint’s new collection will include four coins, with the first depicting the young wizard.
Money

‘Serious leaks’ in households’ finances remain, despite new energy price cap

Households still face a long, hard winter, despite the new energy cap being set at £2,500, experts warned.
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Consumer groups welcome energy price freeze but warn bills ‘still sky high’

Citizens Advice said the Government needed to ‘stand ready to provide more support for people on the very sharp end of this crisis’.
Money

What does the Energy Price Guarantee mean for me?

A typical UK household will now pay ‘no more than’ £2,500 a year for their energy for the next two years from October 1.
Money

Grime artist Big Zuu urges people to pay attention to their pensions

Big Zuu is campaign ambassador for a new pensions awareness campaign.
Money

House sales ‘expected to fall in the months ahead but prices are still rising’

A net balance of 39% of property professionals reported a fall rather than a rise in new buyer inquiries in August, according to Rics.
Money

Affordable homes programme ‘could be more ambitious in supporting wider aims’

The Department for Levelling Up, Housing and Communities is expecting a shortfall of 32,000 new homes across its Affordable Homes Programme.
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Parents ‘particularly likely to have made cutbacks amid rising living costs’

More than nine in 10 parents said their cost of living had increased, according to research carried out in May and June.
Money

Cryptocurrency scam warning issued by ombudsman service

In current economic circumstances, people could be tempted to invest in fake investments, the Financial Ombudsman Service warned.
Money

‘Severe impact’ of rising living costs on disabled households highlighted

Two-thirds of households containing people with disabilities have avoided turning on the heating, abrdn Financial Fairness Trust said.
Money

Older homeowners ‘could potentially unlock £129,000 by downsizing’

Savills used Land Registry and English Housing Survey data to calculate the average amount of money that could be freed up by downsizing in England.
Money

Hot tubs ‘running dry as households squeezed by rising living costs’

Just over half of hot tub owners say they now rarely or never use them, according to Direct Line Home Insurance.
Money

New banking hubs announced to help communities with their cash needs

An additional 13 hubs, which share banking services, will be created in UK communities, after many bank branches have shut in recent years.
Money

Truss’s premiership ‘will be defined by response to cost-of-living crisis’

As Liz Truss grapples with the economic situation, planned measures may be postponed or cancelled, and others may be introduced, experts suggested.
Money

Tenth of homeowners plan fires instead of central heating due to energy costs

Research from Aviva found a tenth of adults said they plan to light fires or stoves more often in their homes.
Business

Younger savers stick to morals over money even amid financial strain

Two-thirds of younger savers are sticking with their ethical stance when it comes to saving, even as the strain on their finances heightens amid rising food and fuel costs.

Money

House prices ‘set to stall next year while rents continue rising’

Hamptons predicts 0% house price growth annually by the end of next year, but said rents will rise as landlords face higher costs.
Money

More than two-thirds of parents ‘worried about paying for food, energy and fuel’

Social innovation foundation Nesta commissioned Opinium Research to survey 5,000 UK parents between August 18 and 22.
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Move wind farms on to new contracts and save households £18bn, say trade bodies

Households could save up to £250 each if contracts for old subsidies are changed to the newer subsidy scheme.
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Campaign launched to help mothers fix errors in state pension entitlement

Anyone who has received child benefit since 1978/79 should check that the relevant credits are on their record, a former pensions minister has said.
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Why are wind farms making massive profits because gas prices have soared?

Experts have called for the price of power made by wind turbines to be split from the cost of gas.
Money

Johnson: ‘Substantial’ cost-of-living support to be provided by next PM

The outgoing Prime Minister made the prediction as he confirmed support for a new nuclear project.