The Treasury

Change is needed to help half a million younger people with Lifetime ISAs as many risk lock-out and £1,000+ in fines to get their money back.

Around 8,800 London Capital & Finance (LCF) investors are set to receive compensation under a new Government scheme, the Treasury has announced today. But investors will only get back 80% of their initial investment, capped at £68,000. 

London Capital & Finance (LCF) investors have been given compensation hope after the announcement that HM Treasury will set up a scheme for those who lost money when the bond firm went bust. It comes as a damning report reveals the firm hadn't been effectively supervised by the financial watchdog. 

The so-called national living wage will rise from £8.72 to £8.91 an hour and will be extended to workers aged 23 and over from April 2021, the Chancellor has announced.

Consumers would be able to get cashback from shops without making a purchase under new Government proposals, which are designed to protect access to cash. 

The Economic Secretary to the Treasury, John Glen, has responded unsolicited to news that MoneySavingExpert.com founder Martin Lewis is funding academic research to try to find solutions to release 250,000 mortgage prisoners. 

New rules which will give people struggling with problem debt a 60-day grace period to get their finances back under control are set to help millions, according to new estimates published by the Government.

Treasury Minister John Glen has said that he is willing to consider extending the limits of the financial regulator's powers to help more 'mortgage prisoners' who are stuck on expensive deals with unregulated lenders and lenders that no longer offer new mortgages.

For the first time in decades, the Royal Mint didn't produce any new 1p or 2p coins in 2018. 

The Government has announced it is selling off 66,000 mortgages and unsecured loans originally held by NRAM, formerly part of failed lender Northern Rock.