Business

What is the triple lock? This is a pledge by the Government to raise the state pension every year based on either the rate of inflation, average earnings or by 2.5 percent. Whichever is higher is used as the metric to hike payment rates with pensioners guaranteed to receive a …

Around 1.7 million people in the UK claiming New Style Employment and Support Allowance (ESA) can benefit from an extra £518 a month. The benefit, which is administered by the Department for Work and Pensions, offers a lifeline for those with certain disabilities or health conditions that affect how much …

Inspired by Money Saving Expert founder Martin Lewis’s “heat the person, not the home” mantra, Danielle Kate Wroe tried out a USB hand warmer to help reduce her energy bills and was left feeling “pleasantly surprised”. The devices are said to cost less than 1p per hour to run, and …

Scottish Power’s drive to force Prepayment Meters (PPMs) on customers has been labelled obscene by charities as its Madrid-based parent company Iberdrola posted profits of 3.4 billion Euros for the first nine months of 2023 today. The provider has been granted 124 warrants for forcible PPMs in a move that …

The credit experts’ research revealed the interest rates on best buy loans for £3,000, £5,000 and £10,000 have all doubled. Totally Money has found the average cost of a market-leading £3,000 loan has increased by 3.18 percentage points. This means that borrowers will have to pay an additional £145 over …

As we head towards a dark, cold winter here in the UK, perhaps many are starting to ponder living in warmer climes elsewhere – especially those edging towards retirement. A new study has found that Portugal might just be the best place to retire in, and indeed the best place …

Savers reclaimed a record £61 million in over taxation on pension withdrawals in July, August and September this year – the highest three-month figure since records began. Savers are getting up to £3,252 back on average after being hit with a bloated tax bill. Since 2015, HMRC has chosen to …

Savers are being reminded to take advantage of high savings interest rates while they still have the chance. Savings accounts from bodies like Ziraat Bank are offering customers interest rates close to six percent. The savings product in question is the Turkish-owned financial institution’s One Year Fixed Term Deposit. Over …

A woman, inspired by a tip from Money Saving Expert founder Martin Lewis, was able to recover £13,581 by tracking down a lost pension. Jackie said she followed the financial journalist’s “advice” and managed to trace the thousands that accumulated from her Royal Mail pension, which she opened in the …

Terrifying grim reapers, garish pumpkin heads sporting sinister leers and spiky, not-to-be-messed-with witches top its latest leader board of ghoulish trends. “Demand is for super scary and Gothic, dressing up has taken a very dark turn this year,” observes chief executive Fraser Smeaton who co-founded the business ((www.morphsuits.co.uk) as a …