November 2024

A major investigation into hidden, unfair car finance commission has had a huge update, which MoneySavingExpert.com founder Martin Lewis has said could double the number of people who are due a payout. Here's what we know so far, though it's still early days and Martin cautions we have "lots more reading and thinking to do".

The base rate has been cut to 4.75% from 5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.

MoneySavingExpert.com founder Martin Lewis explains why buying a home could cost you £1,000s more next year, in the latest episode of ITV's The Martin Lewis Money Show Live. These are the Stamp Duty changes that weren't in the Autumn Budget speech.