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Queen's Speech 2021 round-up: student loans shake-up, increased rights for renters, leasehold reform & more
11 May 2021![]()
Flexible 'lifetime' student loans were among the plans revealed by the Queen today during the state reopening of Parliament. Other measures include increased rights for renters, leasehold reform, and more protection for those using the internet. -
Martin Lewis: 'Government's failure to include scams in Online Safety Bill risks finances and mental health of millions - this must change'
11 May 2021![]()
While the draft Online Safety Bill confirmed today will see new laws introduced designed to keep people safe online, there was no mention of specific protection against online scams. -
Morrisons scraps 'More' loyalty points in favour of personalised money-off discounts
11 May 2021![]()
Morrisons is to axe its 'Morrisons More' loyalty points scheme and replace it with new personalised money-off vouchers via its app -
'I'm self-employed but confused about whether I can claim the fourth grant' – Unsure? Here's what you need to know
11 May 2021![]()
100s of self-employed people are confused about what constitutes being “adversely affected” by coronavirus, we have some helpful scenarios to work out where you stand, as well as HMRC’s guidance. -
Coronavirus Self-Employed & Small Limited Company Help
11 May 2021![]()
If you're worried about work during the coronavirus crisis, this guide looks at your rights if you're self employed, including what help's there for limited company directors.
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Cards & Loans
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Student loan interest rates set to drop in September – what you need to know
Student loan interest rates are set to drop for many students from September. -
Barclaycard unexpectedly cuts credit limits by £1,000s – what to do if you're affected
Barclaycard has slashed many customers' credit card spending limits this week, with one MoneySaver reporting a £16,000 cut -
FCA raises concerns over Amigo’s proposed redress scheme but 'won’t take action to block it'
The financial watchdog does not support a redress scheme proposed by the guarantor loans sector's largest lender, Amigo Loans, it's been revealed. But the Financial Conduct Authority doesn't plan to take action to stop the scheme if it's agreed on by borrowers and sanctioned by the High Court
Complain & Reclaim
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London Capital & Finance investors in line for up to £68,000 payout under new Government scheme - but they won't get back everything lost
Around 8,800 London Capital & Finance (LCF) investors are set to receive compensation of up to £68,000 under a new Government scheme, the Treasury has announced today. -
HMRC to waive fines for people who file late tax returns due to coronavirus – but you'll still be fined for late payment
Those who need to file their self-assessment tax return may be able to avoid a penalty fee if they miss this month's deadline due to coronavirus -
'Excessive' claims management fees set to be capped - and it could save consumers thousands
A price cap on the 'excessive' fees claims management companies charge customers has today been proposed by the financial regulator in a bid to save people thousands - and the move has been welcomed by MoneySavingExpert.com founder Martin Lewis
Household Bills
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BT to launch £15/mth fibre broadband plan for millions on low incomes – but many can get similar cheap deals now
BT is to launch a super-cheap fast fibre broadband plan for 4.6 million households claiming certain benefits at the end of June – but there's no need to wait as many can get similar prices now. -
Symbio Energy rapped over 'threatening' responses to negative reviews
Symbio Energy has been hit with a formal warning from review website Trustpilot, after MoneySavingExpert.com brought to its attention the way the supplier responds to negative reviews -
E.on to pay compensation for taking 1.6 million payments early in Christmas billing blunder
E.on has agreed to pay £650,000 out after it unexpectedly took 1.6 million customers' direct debits up to two weeks early in December, leaving many without cash in their accounts just before Christmas. If you were hit with extra charges and haven't been compensated yet, get in touch with E.on now.
Banking & Saving
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Local shops to offer cashback and Post Office opens ‘bank hubs’ in trials to improve access to cash
A pilot scheme in eight towns across the UK will test new ways to boost access to cash in local communities – with measures including local shops offering cashback, new 'bank hubs' in Post Offices and more free ATMs. -
HSBC, First Direct, M&S or John Lewis bank customer? They're making MORE payments worth £100s to those in arrears in the past
HSBC, First Direct, M&S Bank and John Lewis Finance are making a second wave of payments to customers who were in arrears between 2010 and May 2019. Having previously paid some customers compensation for substandard service, they're now issuing refunds worth £100s for interest and charges which shouldn't have been due. So if you get a cheque out of the blue, DON'T bin it. -
Action needed to protect access to cash and ensure vulnerable people can access financial services, says House of Lords committee
Members of the House of Lords have called on the Government to protect access to cash and to do more to prevent the poorest from being excluded from access to financial services.
Travel
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Coronavirus Travel Rights
The coronavirus outbreak is causing major travel disruption around the globe -
Travellers warned of 10-week passport renewal wait - so apply NOW if hoping to go away this summer
Hopeful holidaymakers have been urged to apply for new passports or to renew existing ones as soon as possible to avoid delays of up to ten weeks. Usually passports take between four and six weeks to be processed. -
Travel traffic light system to be introduced - here's how it will work
The Government has unveiled details of how it plans to open up foreign travel this summer for those in England, with countries to be graded under a new traffic light system which will determine whether travellers need to quarantine and what coronavirus tests are required.
Insurance
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Cheapest car insurance prices since 2014 - many can save large NOW even if not at renewal
In a rare bit of good news, car insurance is at a seven-year low at an average £420/yr (£160 less than at its height). Part of the drop, according to the source, MoneySupermarket, is that fewer people driving in lockdown has meant fewer claims. -
Started driving to work during the pandemic and not updated your insurance? You may need to tell your insurer TODAY
A temporary extension of cover organised by the Association of British Insurers (ABI) trade body ends at 11.59pm tonight, and if you don't have the correct insurance in place you could be fined and left unable to claim. -
Small businesses to get coronavirus insurance payouts after landmark Supreme Court ruling
The ruling follows a test case brought last year
Mortgages & Homes
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Government rejects interest rate cap for mortgage prisoners - but the fight won't stop
The House of Commons has struck down a proposed amendment to the Financial Services Bill, which would have seen interest rates capped for certain mortgage prisoners. -
House of Lords votes in favour of interest rate cap for mortgage prisoners
The House of Lords has voted in favour of an amendment to the Financial Services Bill, which could see interest rates capped for certain mortgage prisoners. -
Countryside and Taylor Wimpey ordered to remove 'unfair' doubling ground rent clauses from leases
Two major house builders have been ordered to remove 'unfair' leasehold clauses that allow them to double ground rents every 10 or 15 years. It comes after the competition watchdog found these terms can make it 'impossible' for people to sell or get a mortgage
Shopping
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Morrisons scraps 'More' loyalty points in favour of personalised money-off discounts
Morrisons is to axe its 'Morrisons More' loyalty points scheme and replace it with new personalised money-off vouchers via its app -
Plastic bag charge to double to 10p in all shops in England
The fee retailers charge for single-use plastic carrier bags is to double from 5p to 10p in England from 21 May, while those making purchases in smaller shops will also now have to pay the charge. -
Ikea launches 'buy back' scheme for old furniture - and you can get up to 50% of the item's original value
Ikea has today launched a new scheme allowing shoppers to trade in their old Ikea furniture in return for vouchers to be spent in store – here's how it works.
Income & Budgeting
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Coronavirus Life-in-Lockdown Help
The Prime Minister has unveiled sweeping restrictions on public movement to tackle the spread of coronavirus. This has had a huge impact on daily life, affecting everything from weddings and train travel to music events and sport. To help, we're working flat out to answer your questions on these topics and more -
New help for millions in debt crisis - you can now get two months' 'breathing space' from interest and enforcement action
New rules giving those in England and Wales who are struggling with problem debt a 60-day grace period to get their finances back under control come into force today, in a huge victory for MoneySavingExpert.com and others who've campaigned hard on the issue. -
Coronavirus Finance & Bills Help
Many are worried about the UK impact of the coronavirus on their ability to pay bills and even stay in their home. This guide tells you what help's out there if you can't pay bills or pay loans or credit cards back.
12 May 2021
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Holidays are back on the agenda
Martin's 19 need-to-knows to cut costs
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Warning. Energy prices hit 3yr high
Check NOW if you can save £100s
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'I got a 0% card to pay for a new car'
'Less cost and stress, thanks'
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New. Cheapest iPhone 11 contract we've EVER seen
With a 25GB/mth
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16 Ikea hacks
Incl new trade-in scheme
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50p Costa iced drinks
Till Thu (norm £3ish)
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Morrisons new loyalty scheme
Any good?
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Queen's Speech 2021 round-up: student loans shake-up, increased rights for renters, leasehold reform & more
11 May 2021![]()
Flexible 'lifetime' student loans were among the plans revealed by the Queen today during the state reopening of Parliament. Other measures include increased rights for renters, leasehold reform, and more protection for those using the internet. -
Martin Lewis: 'Government's failure to include scams in Online Safety Bill risks finances and mental health of millions - this must change'
11 May 2021![]()
While the draft Online Safety Bill confirmed today will see new laws introduced designed to keep people safe online, there was no mention of specific protection against online scams. -
Morrisons scraps 'More' loyalty points in favour of personalised money-off discounts
11 May 2021![]()
Morrisons is to axe its 'Morrisons More' loyalty points scheme and replace it with new personalised money-off vouchers via its app -
'I'm self-employed but confused about whether I can claim the fourth grant' – Unsure? Here's what you need to know
11 May 2021![]()
100s of self-employed people are confused about what constitutes being “adversely affected” by coronavirus, we have some helpful scenarios to work out where you stand, as well as HMRC’s guidance. -
Coronavirus Self-Employed & Small Limited Company Help
11 May 2021![]()
If you're worried about work during the coronavirus crisis, this guide looks at your rights if you're self employed, including what help's there for limited company directors.
Tools & Calculators
Clever ways to calculate your finances
