Press updates
Welcome to the money.co.uk online press centre, with all of the latest press updates. Contact us: press@money.co.uk
Inflation rockets to 9.4%
Britain’s cost of living crisis is deepening by the day and there’s a growing expectation that things are about to get a whole lot worse.
Read MoreAmazon Prime Day tips from personal finance experts
Prime Day was launched to create a sales event and get people spending in the otherwise quieter summer months. It has plenty of bargains on offer, but some traps too.
Read MoreHow does working from home affect your mortgage?
The latest data from the Office for National Statistics (ONS) has revealed that homeworking has more than doubled in the UK since 2019.*
Read MorePublic patience running out as fuel price cuts fail to materialise
Oil prices are down 8% since the beginning of June and yet the price of the petrol on forecourts has risen 12.5% since then
Read MoreChange in the air as Bank of England reveals rising mortgage borrowing and cool approvals
Net mortgage borrowing is well above its pre-pandemic average while approvals have fallen behind. The current trend is likely being powered by house hunters rushing to transact before the cost of borrowing climbs further.
Read More64,000 people have pulled the emergency lever on problem debt
64,000 people have pulled the emergency lever on problem debt.
Read MoreInflation creeps towards double figures as pay packet pain continues for workers
If you’re covering the CPI data published today, the following comments from James Andrews, personal finance expert at Money.co.uk, might be of interest:
Read MoreNightmare scenario for commuters as fuel prices surge again in face of rail strikes
Nightmare scenario for commuters as fuel prices surge again in face of rail strikes.
Read MoreBorrowers on red alert as BoE raises interest rates by 0.25% to 13 year high
Borrowers on red alert as BoE raises interest rates by 0.25% to 13 year high - money.co.uk comment
Read MoreWages plummet as cost of living crisis batters household budgets
Wages are continuing to plummet in real terms, chalking up the biggest fall in more than a decade.
Read MoreBenefits to bricks, our personal finance expert responds to new announcement.
If you’re covering Boris Johnson’s “Benefits to Bricks” announcement, then the following comments from James Andrews, personal finance expert at Money.co.uk, might be of interest:
Read More
Half term holiday chaos
This week, widespread cancellations and delays at UK airports have frustrated holiday plans for thousands of Brits, with providers Tui and Easyjet hit hardest by the disruption.
Read MoreCost of living bites hard into food budgets
New data reveals 80% common grocery items have risen and just 20% that have gone down in price in the last 12 months.
Read MoreWorkers with more than one job could now miss out on state pension entitlement
Part time workers up and down the country could be stripped of their state pension entitlement under new plans laid out by the Department for Business Education and Skills (BEIS).
Read MoreUniversal credit changes: Here's what you need to know
The government has been slowly moving households who receive Working Tax Credits, Child Tax Credit and similar benefits to Universal Credit through a mandatory migration process.
Read MoreMental Health Awareness Week: How to manage financial stress
It’s Mental Health Awareness Week, and with the UK in the midst of a cost of living crisis, it’s never been more important to learn how to manage financial stress.
Read MoreBank of England rolls the dice as UK struggles to afford bills
The Bank of England’s Monetary Policy Committee has just raised the cost of borrowing for the fourth time in a row - seeing the base rate soar from 0.1% in November to 1% today.
Read MoreWorkplace inequality: How can female employees narrow the divide?
Men are more likely to be offered shares in the company they work for than females, a new survey suggests. Analysis by law firm Boodle Hatfield of more than 30,000 instances when tax-advantaged share options were offered, showed 69% went to men and only 31% to women.
Read MoreInflation rises at record rate: Why has this happened and how does it affect you?
Inflation surged 6.2% in the year to February, its highest rate in 30 years, the Office for National Statistics (ONS) has revealed today.
Read MoreExclusive Revolut offer: Get £10 cash top up and one month of Revolut Premium for free
Leading price comparison site money.co.uk has today announced an exclusive offer when you sign up to digital banking app Revolut.
Read MoreYour cost of living questions answered amid Spring Statement fallout
Following Rishi’s Sunak’s announcements in the Spring Statement on rising interest rates, inflation and bills, our personal finance expert, James Andrews answers some of your most coveted questions as Brits face the biggest cost of living crisis thus far.
Read MoreBiggest income squeeze in 50 years: How to navigate the choppy financial waters
UK families are facing the biggest drop to their incomes in nearly 50 years. According to The Resolution Foundation, the typical household income is set to fall by around £1,000 this year, the steepest decline since the mid-1970s.
Read MoreWhat bad financial habits should you be giving up this lent?
Lent this year begins on the 2nd of March and lasts until the 14th of April. Although traditionally a Christian holiday, anyone can take part - with thousands giving up treats like chocolate, wine or takeaways.
Read MoreTrain cancellations: How to claim a refund
Commuters are facing major setbacks this week on rail travel after Storm Dudley wreaked havoc across the UK, causing severe delays and cancellations to rail services. All rail services in Scotland were suspended yesterday due to high winds, power disruptions and fallen trees.
Read MoreInflation rises at record rate: Why has this happened and how does it affect you?
Inflation surged 5.5% in January to its highest rate in 30 years, the Office for National Statistics (ONS) has revealed today. The shocking figure is even higher than the previous record of 5.4%, which was set just the previous month.
Read MoreReal wages fall as inflation outpaces pay increases: Is it time to ask for a pay rise?
Real wages fell by 1.2% at the end of 2021 as shop prices rose faster than salaries, according to the latest figures from the Office for National Statistics (ONS).
Read MorePetrol prices rocket to record high: Is it time to go electric?
Petrol prices have hit a record high after soaring to a whopping 148.02p a litre over the weekend - eclipsing the previous high set in November last year.
Read MoreUK economy rebounds 7.5%: what does this mean in real terms?
The UK economy grew at its fastest rate since the Second World War last year after GDP surged by 7.5%, official figures from the Office for National Statistics (ONS) have revealed. The resurgence comes after a devastating 9.4% collapse in 2020 as a result of the COVID-19 pandemic.
Read MoreHow much does it cost to pop the question?
Valentine’s Day is just around the corner, and many lovestruck Brits are gearing up to propose on the most romantic day of the year. As much as this can be exciting, it’s easy to get stressed by the financial implications of the whole process.
Read MoreHouse price hike: top tips and tricks to save for a mortgage
House prices have grown at their fastest annual rate since June 2021 due to high demand and low supply, according to Nationwide building society. The lender today revealed that prices have rocketed by 11.2% year-on-year in January, while Lloyds Bank has launched its cheapest ever 10 year mortgage this week.
Read MoreUniversal credit: Are you missing out on payments of up to £7,300 a year?
More than 1.3 million people could be missing out on Universal Credit payments of up to £7,300 a year, according to data from the New Economics Foundation. The number of Brits eligible for the benefit has skyrocketed thanks to a rule change in the Autumn Budget.
Read more on Universal creditBrits urged not to delay in submitting tax returns despite HMRC extension
This year HMRC has waived the penalty for missing the self assessment tax deadline (January 31st), effectively meaning that individuals have until February 28th to file their tax returns
Read MoreInflation surges to 5.4% - its highest rate in 30 years
Inflation has climbed to its highest rate in 30 years, 5.4%. That’s the fastest rise in prices since 1992. Following levels of personal debt rising and cost of living changes our personal finance experts urge that it’s more important than ever to keep costs down in the face of price rises across the board.
Read more about the inflation surgeOne month to go until the self assessment deadline
Why it’s a good idea to have your tax return paid through PAYE
Read MoreThousands submit tax returns on christmas day
While the rest of us were unwrapping presents, 2,828 Brits were filing their tax returns on the 25th of December. Our personal finance experts have put together some handy tips to guide you through the process.
Read MoreLast minute christmas shopping tips
With just over a week to go, here is a handy guide to help you with your last minute preparations
Read MoreAmazon to stop accepting Visa credit cards in UK
Retail giant Amazon announces its ban of Visa Credit Card payments in the UK from 19 January. Money.co.uk comments on the change
Read MoreShould you get a Reward Card for Black Friday?
With only two weeks until Black Friday, everyone wants to make sure they can bag the biggest bargains and make the most of their money. If you’re considering picking up a rewards card to make the most of your money this Black Friday this is what you need to know.
Read MoreHospitality workers accuse bosses of keeping tips for themselves
More than half of hospitality workers in the UK say their bosses lie about tips, according to new research by leading price comparison site money.co.uk.
Read MoreHow to plan for half term without breaking the bank
For those in full time work, the cost of childcare alone can be a massive financial strain, and that’s not even counting half term activities. If you’re looking for fun and free ways to keep your kids busy this half-term, you should check out what services your council provides.
Read MoreFSPS report reveals employer pension contributions down by 5%
Now is the time to review your pension options to make sure your chosen scheme is setting you up in the best possible way for retirement.
Read MoreUltimate fresher finance guide
Our personal finance experts share several tips and tricks you can use to ensure you have fun during Freshers, while also maintaining a healthy bank balance and preparing for any potential disruption.
Read MoreHow to stop your ex ruining your credit score
Breakups can be difficult when finances are involved and often money is one of the most contentious of issues between you and your ex-partner. Money.co.uk share several simple steps to ease the process of financial separation and keep yourself protected.
Read MoreLocal Council Support: What you can get from your local authority for free
Money.co.uk highlights what you can receive from your local authority for free such as a variety of different services, support schemes and freebies.
Read MoreWhy cash ISAs are small but perfectly formed
New data from HMRC reveals that cash ISAs attracted 1.2m more savers in 2019-20, as an increasing number of people ignored low rates to put money away. Money.co.uk highlight the rewarding benefits of cash ISAs.
Read MoreAMEX CUTS CASHBACK RATES Are the cards still worth it?
American Express has announced that from August, they are set to cut their cashback rates. The personal finance experts at money.co.uk comment on how this could impact customers.
Read MoreFree ‘Breathing Space’ Scheme Launches Today, But Concern People Could Still Miss Out
Press release | Money.co.uk comments on the new breathing space scheme, which has the potential to help out thousands of people in debt
Read MoreHOW TO PREVENT HOLIDAY HOME HELL Is investing in property abroad really the answer?
The personal finance experts at money.co.uk comment on if a holiday home investment is worth it, after a number of high profile individuals are reportedly set to lose millions on investments.
Read More95% Mortgage Returns: What does it mean for potential homeowners?
Following news of the government's new scheme, which allows borrowers to purchase a house with only a 5% deposit, banks have released their 95% LTV products, money.co.uk comments.
Read MoreISA Season : Now may be the time to invest but are Investment ISAs for you?
As the tax year begins, many will consider putting money into an investment ISA. Money.co.uk comment on if opening one is worth the investment.
Read MoreNational Price Hike Day 2021
Press release | Millions of people have found themselves to be hundreds of pounds poorer thanks to price hike inflations. Money.co.uk have laid bare figures.
Read MoreDebt Awareness Week: Average Brit brought £9,246 debt into 2021
Press release | Money.co.uk has analysed the extent of debt that Brits' have built up in the last year and uncovered how Covid-19 has impacted this.
Read MoreCheers! Brits set to spend £447m in pubs by Thursday 15th April
Press release | A new study from money.co.uk has revealed how much Brits will be spending as lockdown restrictions are lifted. Pub goers are predicted to spend £447M by Thursday 15th April.
Read MorePrincess Diana's diamonds still UK No. 1
Research from money.co.uk has revealed that Princess Diana's engagement ring style is still the most sought after, in their 2021 study of the most popular engagement rings.
Read MoreT-day sees Brits rush to move credit card debts
Monday will see so many Brits rush to transfer their credit card balances, that money experts have dubbed it Balance Transfer Day.
Read MoreMonday will see so many Brits rush to transfer their credit card balances, that money experts have dubbed it Balance Transfer Day.
Online shopping this Black Friday is expected to break records but at what cost to the environment? The personal finance experts at money.co.uk have investigated how much CO2 could be produced by the millions of packages that will be delivered across the country.
Read MoreBleak Friday For High Streets As Shoppers Set To Spend Online In 2020
New research by personal finance experts, money.co.uk has revealed that Britain is set to shop online and go big on this year’s Black Friday sales.
Read MoreNew parents forced to go back to work early because they can't afford time off
Press release | A new study from money.co.uk has revealed that forty percent of new parents are forced to cut short their maternity leave because they can’t afford the time off.
Read More2020 Broadband Housing Index press release
Press release | The broadband experts at money.co.uk have produced a new report which identifies how internet speeds are impacting house prices across the country.
Read MoreSave money on your car insurance with these industry hacks
As drivers get back behind the wheel, these tricks could save you £100’s
Read More