MoneySavingExpert News

November

Barclaycard to hike minimum payments in major credit card shake-up

Barclaycard customers could see the minimum monthly payment on their credit card jump sharply in January – in some cases by up to a third – as part of a major overhaul of its terms which will also see fees for withdrawing cash and busting credit limits scrapped, plus a total block on gambling

25 January 2021

Currys PC World customers have £100s wiped from gift cards after website outage

Shoppers who tried to use Currys PC World gift cards in the Black Friday sales have found their orders failed and their funds were wiped, with some left £100s out of pocket

1 December 2020

Prepaid funeral sellers face crackdown from 2022 under new rules

They will fall under the Financial Conduct Authority's remit from 2022

30 November 2020

Topshop, Miss Selfridge and Burton owner 'on brink of collapse' – what you need to know

The parent company of Topshop, Miss Selfridge, Dorothy Perkins, Burton and several other big high street chains says it is "working on a number of contingency options" to secure the future of its brands, amid reports that it's on the brink of collapse

30 November 2020

More UK banks to shut British expat accounts – what to do if yours is closed

At least 10 banks, building societies and credit card firms have now decided to close accounts held by Brits living abroad in Europe as a result of Brexit

27 November 2020

Utilita faces new customer ban after installing smart meters that don't always work when you switch

Energy supplier Utilita is facing a ban on taking on new customers after installing old first generation smart meters that often don't work when households switch

27 November 2020

Wedding firms warned over 'unfair' coronavirus refund policies

Several wedding firms have been warned by the competition watchdog after concerns that couples still aren't receiving fair refunds for weddings which couldn't go ahead during the coronavirus pandemic

26 November 2020

eBay shakes up seller fees and switches to direct payments – what you need to know

eBay sellers will soon be paid directly into their bank rather than into PayPal accounts. It means PayPal will no longer take a slice of your earnings, but eBay's hiking fees. We explain the full details on what's happening and who the winners and losers are

26 November 2020

Inflation shake-up delayed until 2030 – what it means for pensions, student loans and more

Pension savers could see their pots fall from 2030 as a result of a shake-up to how inflation is calculated. But rail passengers and student loan borrowers are likely to be better off

25 November 2020

Spending Review 2020: National living wage to increase by 2.2% this April

The national living wage will rise from £8.72 to £8.91 an hour and will be extended to workers aged 23 and over from April 2021, the Chancellor has announced

25 November 2020