MoneySavingExpert News
2021

The national minimum wage paid to workers aged 23 and over will rise from £8.91/hr to £9.50/hr from 1 April, the Government has announced. This represents an increase of 59p, and an extra £1,000/yr if you work full-time. The national minimum wage for workers aged under 23 and apprentices will also rise.
24 October 2021

Thirteen energy suppliers have gone bust in recent weeks, including Igloo, Pure Planet, Avro and People's Energy, leaving about two million energy customers needing a new supplier. Ofgem has now appointed a provider to take over for most of these – we've analysis of what it means for your energy bill, and how the new supplier stacks up to the old one below.
24 October 2021

UK petrol prices have hit record highs, peaking at an average of 142.94p a litre on the back of continued oil price rises. Motoring group the RAC says data from Sunday (24 October) shows that average prices are now at their highest levels ever recorded, surpassing previous highs of 142.48p a litre notched up in April 2012.
24 October 2021

Goto Energy, which has about 22,000 household customers, has become the latest energy provider to cease trading – meaning a total of 13 suppliers have gone bust in the past six weeks. If you're a customer, your energy supply will continue and credit balances are protected. And while it's likely you'll pay more now, there are no savings to be had by switching due to the dire state of the market.
20 October 2021

Shoppers using buy now, pay later (BNPL) services may be able to take complaints to the Financial Ombudsman Service in future, as well as claim refunds using Section 75 protection, under new Government proposals. But while these changes are "vitally needed", MoneySavingExpert.com founder Martin Lewis has warned that the Government must "pick up the pace" when it comes to taking action.
20 October 2021
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