2021

Martin Lewis has warned households against splurging this Christmas, while also highlighting the importance of being honest about their finances in a bid to remain debt-free over the festive period and beyond. Read below and watch the clip from The Martin Lewis Money Show Christmas Special for more. 

Bulb, which supplies more than 1.7 million households, has collapsed into a so-called 'special administration', becoming the largest firm to fail during the current energy crisis. This process, which hasn't been used before in the energy market, means Bulb will continue to operate as usual for existing customers for now. But it will no longer take on new customers and its future as a company is uncertain.

More than 10 million pensioners could see their state pension rise by £5.55/wk from April 2022 after the Office for National Statistics (ONS) confirmed that inflation stood at 3.1% in the year to September - a figure that is typically used to calculate the following year's state pension increase.

Orbit Energy and Entice Energy, which have over 70,000 household customers between them, have become the latest energy providers to cease trading – meaning a total of 22 domestic energy suppliers have failed since September. If you're affected, your supply will continue and credit balances are protected. While it's likely you'll pay more now, there are no savings to be had by switching.

MCE Insurance Company, one of the UK's biggest motorbike insurers, has fallen into administration. The collapse affects around 105,000 policyholders but MoneySavingExpert.com can confirm that customers will continue to be covered until the end of their policy and claims will still be paid. 

People with mental health problems have faced a much bigger hit to their finances during the pandemic than the wider population and are three times more likely to have fallen into serious debt, according to the results of a major national survey published today.

PayPoint has agreed to shake-up its services and donate £12.5 million to energy regulator Ofgem's redress fund, which largely supports vulnerable households, following a four-year investigation into market abuse. 

Neon Reef and Social Energy Supply, which have over 35,000 household customers between them, have become the latest energy providers to cease trading – meaning 19 domestic energy suppliers have gone bust since September. If you're affected, your supply will continue and credit balances are protected. While it's likely you'll pay more now, there are no savings to be had by switching.

Following the shock announcement that Amazon will stop accepting Visa credit cards in January 2022, Martin Lewis explains how you can get up to £20 when changing your default Amazon payment card. The MoneySavingExpert.com founder also discusses the top cashback and reward credit cards in the latest episode of The Martin Lewis Money Show. 

The cost of buying school uniform for children in England will fall from next year after new statutory guidance has been published that forces schools to keep prices down to ensure uniform costs do not become a barrier to education. Costs won't, however, be capped.