MoneySavingExpert News

April

NS&I cancels planned Premium Bond rate cut

The Premium Bond prize rate will remain at 1.4%, after NS&I cancelled a planned rate cut to "support savers during the coronavirus pandemic"

17 April 2020

Payment freezes planned for car finance and high-cost credit customers struggling due to coronavirus

The financial regulator has proposed a new set of payment freezes for customers struggling financially due to Covid-19, on car finance deals, payday loans and buy-now-pay-later agreements

17 April 2020

Martin's video: How many people will REALLY be helped by the Chancellor extending the furlough cut-off?

Employees who've recently started a new job and thought they'd missed out on being furloughed may be able to get support through the Government's Coronavirus Job Retention Scheme after the eligibility date was extended to 19 March 2020 – but as MoneySavingExpert.com founder Martin Lewis explains, this may not help quite as many people as the Government claim

16 April 2020

Oasis and Warehouse go into administration

High-street fashion chains Oasis and Warehouse have collapsed into administration

15 April 2020

10,000s more employees eligible for furlough as cut-off date extended to 19 March

Thousands more will now be eligible for the Government's job retention scheme

15 April 2020

Self-employed with cash saved to pay tax? It WON'T reduce your universal credit entitlement

If you're self-employed and have been putting money aside to pay your self-assessment tax bill, this WON'T reduce the amount of universal credit you're entitled to claim, the Government has confirmed

15 April 2020

Debenhams goes into administration – what it means for online orders, returns and gift cards

Department store chain Debenhams has fallen into administration – though the company says it aims to "reopen and trade as many stores as possible" once restrictions put in place due to the coronavirus pandemic are lifted

9 April 2020

Job Spotter app to close down due to coronavirus

The Job Spotter app – which allows users to submit photos of job adverts in exchange for Amazon vouchers – is to close down. You'll soon no longer be able to submit new photos and the app will be suspended altogether on Friday 15 May, though if you've already earned vouchers they should be sent to you

9 April 2020

Help on overdrafts and credit cards confirmed for those hit by financial problems due to coronavirus

The financial regulator has confirmed that banks should offer a temporary payment freeze on credit cards and loans for three months and offer interest-free overdrafts of up to £500 on current accounts, in a set of new rules introduced to combat the effects of coronavirus on people's finances

9 April 2020

Train firms now allowing all passengers to claim ticket refunds remotely

Train firms are now allowing customers to get all tickets refunded remotely, after new systems were put in place as a result of the coronavirus pandemic

8 April 2020