Latest finance news from London and across the UK, covering tax, banking, pensions, mortgages, savings, investments and interest rates.
There is no fixed daily, weekly or monthly timetable for DWP bank account checks. Universal Credit claim reviews can involve bank statements, while newer eligibility-verification powers allow financial institutions to…
Jermaine · 12 min read
Morrisons’ ultimate parent company has reported net debt of £7.52bn, up from £7.07bn a year earlier, as lease liabilities and preference-share obligations increased despite the supermarket’s progress in reducing other…
Jermaine · 3 min read
Older savers could face higher tax bills on taxable savings interest from 6 April 2027, when the UK introduces higher Income Tax rates specifically for savings income. Under rules already…
Ben · 8 min read
Claims about a Universal Credit loophole £1500 payment have resurfaced online, creating confusion over whether people receiving benefits can legitimately claim an extra £1,500 from the Department for Work and…
Jermaine · 10 min read
The cost of living in London remains one of the biggest financial challenges facing people in the capital in 2026, even as the UK’s headline inflation rate begins to fall.…
Jermaine · 12 min read
Council leaders in Kensington and Chelsea, Westminster, Richmond and Wandsworth are urging the government to rethink its planned London mansion tax, warning that homeowners in the four boroughs could shoulder…
Lucy · 3 min read
Nearly three decades after Gordon Brown removed a valuable tax advantage for pension funds, the decision is back in focus as Prime Minister Andy Burnham confronts weaker domestic demand for…
Ben · 4 min read
The DWP’s closure of legacy benefits has reached its final stages, with Income Support and income-based Jobseeker’s Allowance already ended and most remaining claimants being moved to Universal Credit. Income-related…
Henry · 8 min read
Independent school fees are expected to climb again for the 2026-27 academic year as schools absorb VAT, higher employment costs and the loss of business rates relief. London families face…
Henry · 3 min read
Restore Britain says it would raise the personal allowance to £16,000, extend the basic-rate band to £100,000 and abolish several taxes, although questions remain over the cost of the proposals.…
Ben · 3 min read