MoneySavingExpert News

March

Government unveils income support for millions of the self-employed

The self-employed will be able to apply for taxable grants worth up to 80% of their average monthly profits to combat loss of income due to the coronavirus pandemic

26 March 2020

Halifax and Barclays cap lending on many mortgages amid coronavirus lockdown

Halifax and Barclays have withdrawn many mortgages from sale this week, making it harder for borrowers with lower equity or deposits to get a new deal, as the impact of coronavirus starts to spread to the housing market.

26 March 2020

NHS and social care workers to get free staff car parking during coronavirus outbreak

NHS and social care staff working in hospitals are to get free car parking for the duration of the coronavirus outbreak

26 March 2020

Lloyds, Halifax and Bank of Scotland to offer £300 interest-free overdraft buffer as Barclays waives interest for a month

Lloyds, Halifax and Bank of Scotland will give customers a £300 interest-free overdraft buffer for three months from Monday 6 April in a bid to help those affected by the coronavirus pandemic, while Barclays is to waive all interest on overdrafts from Friday 27 March to 30 April 2020

25 March 2020

Broadband providers share ways to boost speed during the coronavirus outbreak

Broadband firms have got together with telecoms regulator Ofcom to help people boost their internet speeds during the coronavirus pandemic.

25 March 2020

Drivers to get six-month MOT extension due to coronavirus

Drivers who have an MOT due from Monday 30 March will be granted a six-month extension due to the coronavirus pandemic, the Transport Secretary has announced

25 March 2020

All train tickets to be refundable as Government temporarily takes over rail operators

Train operators are transferring all revenue and cost risks to the Government due to the coronavirus pandemic – and anyone holding an advance train ticket will be able to get a refund free of charge

23 March 2020

Government to pay wages of those not working and boost benefits in sweeping new coronavirus measures

Chancellor Rishi Sunak has announced a new package of far-reaching measures to help people's finances during the coronavirus pandemic – such as increasing benefits and housing allowance, and paying 80% of employees' wages if businesses are struggling

20 March 2020

HSBC to offer £300 interest-free overdraft buffer in response to coronavirus

HSBC is to increase the interest-free overdraft buffer on its main current accounts to £300 next week in a bid to help customers impacted by the coronavirus pandemic

20 March 2020

Bank of England cuts interest rates AGAIN to record low of 0.1%

The Bank of England has slashed the base rate for the second time in nine days in a further emergency response to the coronavirus pandemic, reducing it from 0.25% to 0.1%

19 March 2020