Money News
What changed this week and what it means for you
Money NewsWinter Fuel Payment letters arrive as £200 and £300 payments are confirmed
Letters are going out for the 2026/27 Winter Fuel Payment. It is paid automatically, then clawed back through tax if you earn over £35,000
Money NewsHalifax online banking moves into the Lloyds app by 31 October
Halifax customers must switch to the Lloyds app for mobile banking by 31 October 2026. Your accounts, sort code and cards do not change
Money NewsEnergy Price Cap rises 4% to £1,723 from 1 October
Ofgem's cap goes up £60 a year from October, driven by gas. Around 11 million households on fixed deals are unaffected
Money NewsVAT on electricity cut to 0% from 1 October, worth about £45 a year
VAT on domestic electricity drops from 5% to 0% for six months in England, Scotland and Wales. Suppliers must pass it on, fixes included
Money NewsSix months until the £12,000 cash ISA cap for under-65s
From 6 April 2027 under-65s can put at most £12,000 a year into cash ISAs. The £20,000 overall limit stays, existing balances untouched
Money NewsClub Lloyds launches £200 switch offer running to 9 December
Lloyds is paying £200 for full switches to Club Lloyds from 17 September to 9 December, joining NatWest, First Direct and Santander offers
Money NewsBank of England holds base rate at 3.75% as three members push for a rise
Rates held at 3.75% on a 6-3 vote, but markets now expect a rise on 5 November. What it means for your savings and mortgage
Money NewsInflation rises to 3.1% in August as fuel prices climb
CPI rose to 3.1% in August from 2.9%, with motor fuel the biggest driver. What it means for savings rates and next year's State Pension
Money NewsState Pension forecast to reach £13,000 and pass the tax-free allowance
The full new State Pension is on course for around £13,000 from April 2027, above the frozen £12,570 Personal Allowance
Money NewsCar finance redress delayed as Upper Tribunal sets hearing for December or February
The FCA's £7.5bn motor finance redress scheme is partly suspended pending a legal challenge. Payouts are now unlikely before 2027
Money NewsPremium Bonds prize rate rises to 4.35% from the September draw
NS&I lifts the Premium Bonds prize fund rate from 3.80% to 4.35% with more large prizes. Odds stay at 21,000 to 1