MoneySavingExpert News

March

Bank of England increases base rate to 0.75% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 0.75% from 0.5% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

30 March 2022

Martin Lewis: Do you pay energy by monthly direct debit? Three urgent must-knows before 1 April

On Friday 1 April, the harsh reality of the huge energy price hikes will be truly felt by millions of people. As we've been warning for months, the energy price cap will rise by an average 54%, and the vast majority of people will see their bills soar. Here, MoneySavingExpert.com founder Martin Lewis provides his latest energy briefing for those that pay by direct debit in a video (with transcript).

29 March 2022

Council tax bills to rise from 1 April - here's what's happening and what to do about it

Council tax bills are set to rise for millions of households from 1 April, with the majority seeing total increases of around 3%. We've tips on how to reduce your bill below and a list of how much local councils will charge across England, Scotland and Wales.

29 March 2022

Martin Lewis: Huge energy price hikes on 1 April – so is now time to fix?

Millions of letters from energy firms are dropping on to doormats with the dire news that most people's gas and electricity prices are rising by 54% on Friday 1 April.

29 March 2022

Chase launches market-leading savings account that pays 1.5% and allows you to put away up to £250,000 – here’s all you need to know

JP Morgan’s digital bank Chase has today (28 March) launched the Chase Saver account, a new option for customers to increase their savings, offering a 1.5% AER variable rate. Savers will be able to deposit up to £250,000 across all accounts from any other bank account they have.

28 March 2022

Morrisons admits to processing error for some some customers making online orders - here are the details and what to do about it

Morrisons customers have been left unable to place online grocery orders after a system glitch meant their payment could not go through. Details remain scant, but we explain what we know so far below.

25 March 2022

Check pockets and purses for paper £20 and £50 notes as there are millions of them still around – and you'll soon no longer be able to use them

Time to check down the back of your sofas for any soon-to-be-discontinued paper £20 and £50 notes as the latest figures from the Bank of England show there’s £17.6 billion-worth still floating around. But be quick as there are only a few months left before they become invalid.

25 March 2022

Lloyds Banking Group to shut 60 UK branches, including Bank of Scotland, Lloyds and Halifax outlets – here is the full list of banks closing

Lloyds Banking Group has announced its closing 60 of its branches across the UK, in another blow to its customers. The closures include 24 Lloyds banks, 19 Bank of Scotland and 17 Halifax branches.

23 March 2022

Spring Statement 2022: National insurance tax cuts to save workers £330/year from July – plus everything else from today's announcement

Other key announcements, which we will round-up below, include the basic rate of tax being cut by 1 percentage point by 2024 and fuel duty rates being cut by 5p/litre tonight.

23 March 2022

Millions more Vodafone customers will see their bills rise by 8.2% from 1 April - here's all you need to know about the increase

Vodafone customers who took out a mobile, tablet, smartwatch or broadband contract over a year ago are set to be hit with a price hike of 8.2% from spring. Here's all you need to know about who is affected and what's happening.

23 March 2022