MoneySavingExpert News

July

Car finance and high-cost credit payment holidays extended

The financial regulator has confirmed further measures to support borrowers struggling to make payments on car finance deals, buy-now-pay-later agreements and other credit products due to the coronavirus pandemic, with many able to get another three-month payment holiday if needed

15 July 2020

Transaction tax cut for homebuyers in Scotland and Wales until April

Most homebuyers in Scotland and Wales soon won't pay transaction tax on the first £250,000 of a property's purchase price, under temporary measures announced by the devolved administrations in the wake of the stamp duty cut in England and Northern Ireland last week

14 July 2020

1.3m BT landline customers face bill hike of up to £54/yr

BT is to move 1.3 million home phone customers on to its 'Unlimited Minutes' plan

14 July 2020

Government ads to warn Brits of Brexit travel changes – what you need to know

The Government has launched a series of ads to highlight changes to travel rules that will come in next year as a result of Brexit

13 July 2020

Watchdog warns more than 100 package holiday firms over refund delays

The competition watchdog has written to 100 of the most complained-about package holiday providers, warning they could face enforcement action if they don't start complying with consumer law

10 July 2020

Tesco Bank to scrap current account interest

Tesco Bank customers will no longer earn interest on their current accounts from September

9 July 2020

Free TV licences to end for most over-75s next month

The BBC will go ahead with a plan to end free TV licences for many over-75s, after a delay because of the coronavirus pandemic

9 July 2020

Scotland to lift quarantine measures for travellers returning from 39 countries – but NOT Spain

Scotland will lift the 14-day quarantine requirement for travellers returning or visiting from 39 countries, including France, Germany and Italy, on Friday (10 July)

8 July 2020

Tide halts bounce back loan lending, leaving 10,000s stuck on its waiting list

Business banking fintech firm Tide has stopped offering bounce back loans and has closed its waiting list to new borrowers after failing to secure funding to support its lending

8 July 2020

Homebuyers won't pay stamp duty on properties up to £500,000 until next April

Homebuyers won't pay stamp duty on the first £500,000 of a property's purchase price, in a temporary measure announced by the Chancellor today

8 July 2020