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MoneySavingExpert News

February 2021

Thousands of students in Northern Ireland are to get a one-off £500 payment from the government in a bid to help those struggling with the financial impact of the coronavirus crisis. Here's what you need to know and how to claim. 
5 February 2021
Teletext Holidays is to be investigated by the Competition and Markets Authority (CMA) after it received hundreds of complaints that holidaymakers haven't received refunds for package holidays cancelled due to the coronavirus pandemic.
4 February 2021
Ratesetter is to shut all 45,000 existing investor accounts on 2 April and all of Ratesetter's loans will be transferred to Metro Bank from the same date. Both of these changes are taking place after Metro Bank bought Ratesetter last September. 
3 February 2021
Average household water and sewerage bills in England and Wales are set to fall by around £2 a year (0.6%) from April, it's been announced today. But prices vary depending on where you live, with some seeing average increases of up to £14 a year (5%). Here's what you need to know.  
3 February 2021
Broadband and landline customers could benefit from new plans to make switching simpler from next year. Under the proposals from Ofcom, households would only have to contact their new provider, which would then handle the switching process.
3 February 2021
Post Office is to transfer its 450,000 broadband and home phone customers to Shell Energy after the latter company signed a deal to buy part of the Post Office's business. Here's what it means for your service and the price you pay. 
3 February 2021
Two Ryanair television adverts have been banned after the advertising watchdog ruled they made misleading and irresponsible claims about the coronavirus pandemic. The ads stated that coronavirus vaccines were 'coming soon' and encouraged wannabe holidaymakers to 'jab and go' on Easter and summer trips. 
3 February 2021
The Financial Conduct Authority's former interim chief executive Christopher Woolard CBE (pictured above) sets out his findings on buy now, pay later products, how credit is changing and what needs to happen next. It comes as Mr Woolard’s report on consumer credit, which was commissioned by the regulator and published today, recommends the buy now, pay later sector is regulated. Below is what Mr Woolard has to say in his own words. Views do not necessarily reflect those of MoneySavingExpert.com.
2 February 2021
Buy now, pay later firms, including the likes of Klarna and Clearpay, are to be regulated – and all shoppers will face affordability checks before taking out this type of credit. The shake-up also means borrowers with complaints will be able to take cases to the Financial Ombudsman Service. 
2 February 2021
Around 1.8 million taxpayers who need to complete an online self-assessment return missed the 31 January deadline, new HMRC figures show. If that's you, the good news is you'll be spared the usual £100 late-filing fine if you do it by 28 February - but if you've failed to pay any outstanding tax on time, you will still be charged interest from 1 February, so settle your account as soon as possible.
1 February 2021

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