British Gas hikes the cost of electricity by 12.5% for 3.1 million customers

Following an extended price freeze, British Gas has today announced that it is hiking the cost of its standard variable tariff for electricity by 12.5% or £76 a year for 3.1 million customers. The increase, which takes effect from 15 September will add an annual total of £235.6 million to its customers’ energy bills. While it remains the cheapest big […]

Posted in: News Read More →

Half of staycation holidays this summer will be completely uninsured

Half of Brits opting to holiday in the UK this summer could be doing so uninsured, leaving thousands of pounds worth of valuables at risk of theft, loss and damage, according to new research from home insurance provider Policy Expert. The study of nearly 2,500 people found that half (50%) admitted they didn’t have away […]

Posted in: News Read More →

Car premium misery piles up for drivers according to latest AA report

The average premium quoted for a comprehensive car insurance policy is at its highest ever level according to the AA’s benchmark British Insurance Premium Index. Confirming the chorus of concern expressed by many commentators and the financial pain felt by families, the average ‘Shoparound’ quote rose by 8.3% over the three months ending 30 June […]

Posted in: News Read More →

Nottingham Building Society bucking the trend by opening new branches

Nottingham Building Society is adding seven new branches to its portfolio in 2017 (ex Norwich and Peterborough Building Society) a strategy that has seen the mutual double its branch network over the past five years. It is amongst only a small number of providers bucking the trend when it comes to assessing the value of […]

Posted in: News Read More →

UK holidaymakers plan to take around £836 million more in spending money than this time last year

As the summer holiday season heats up, new research from Sainsbury’s Bank Travel Money (www.sainsburysbank.co.uk/travel/money)  reveals people plan to take around £836 million more in spending money – or £34 per holidaymaker – than this time last year. The reason for this is to offset the fall in Sterling’s value against popular holiday currencies. The pound is […]

Posted in: News Read More →

Check your car insurance before driving abroad, urges M&S Bank

M&S Bank is urging holidaymakers to check their car insurance policy before hitting the roads this summer as research reveals that nearly a quarter (23 per cent) of those planning to drive their car in mainland Europe believe they either aren’t, or don’t know if they are, insured to drive in the EU. When it […]

Posted in: News Read More →

Late payments costing smaller UK businesses more than £2bn a year

The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit in the UK. That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small […]

Posted in: News Read More →

Holidaymakers splash £28 billion each year on pre-getaway purchases

As Brits count down the days until their summer holiday begins, a new study by American Express has revealed that holidaymakers are likely to spend an average of £273 before they have even left their front door, stocking up on holiday items ranging from goggles and gadgets to games. As a nation, Britons take an average […]

Posted in: News Read More →

New overdraft tariff announced for Lloyds’s Bank and Halifax customers

Lloyds Banking Group has announced that it is revamping the overdraft charges for customers of Halifax, Bank of Scotland and Lloyds Bank with effect from November this year. The banking giant has decided to ditch the £6 monthly overdraft charge for Lloyds Bank and Bank of Scotland customers and will no longer charge unauthorised overdraft […]

Posted in: News Read More →

Four out of 10 UK holidaymakers have had possessions go missing on holiday

Four out of 10 UK holidaymakers have lost, or had stolen, an item of value while on holiday, a study from Aviva insurance reveals. A survey of 2,000 UK adults who have taken a break in the last two years found that 18% had lost an important personal possession while on holiday, while 17% had […]

Posted in: News Read More →