Category : Search result: Ministry of Finance


Lloyds sets aside £450m for car finance claims probe

Exclusive: Lloyds Banking Group sets aside £450 million as FCA investigates discretionary commission arrangements in car finance market, potentially triggering compensation claims for millions of British motorists.

Lloyds adds £800m to car finance compensation pot

Lloyds Banking Group faces mounting costs as it allocates another £800 million to cover compensation for historical motor finance commission claims, bringing total provisions to a staggering £2 billion.

Bank error leaves man £2.6 million richer

A British man's ordinary day turned extraordinary when he discovered his bank account had been credited with an unexpected £2.6 million payment, sparking a whirlwind of excitement and ethical dilemmas.

Lloyds warns of bigger car finance scandal hit

Lloyds Banking Group reveals mounting financial pressure from the car finance mis-selling scandal, with provisions now expected to significantly exceed initial estimates as regulatory scrutiny intensifies.

Lloyds faces FCA probe over motor finance practices

The Financial Conduct Authority has launched a formal investigation into Lloyds Banking Group's motor finance lending practices, raising concerns about potential customer harm in the lucrative car finance market.

Millions Could Claim Car Finance Compensation

A major financial investigation reveals up to 7 million British motorists may be entitled to compensation after being overcharged on car finance deals. Discover how to check if you're affected.

Premium Bonds Shake-Up: New Odds for 2025

NS&I's Premium Bonds are undergoing a major overhaul. Discover how the new prize fund rate and structure could affect your odds of winning, from the £1 million jackpot to smaller payouts.

Lloyds slashes free overdraft from £250 to £50

Lloyds Banking Group shocks customers by reducing its interest-free overdraft buffer from £250 to a mere £50 from November, impacting millions across Lloyds, Halifax, and Bank of Scotland accounts.

Autumn Budget: 5 Financial Moves to Make Now

With the Autumn Budget on the horizon, financial experts reveal five essential steps to safeguard your finances, from pensions to property. Act now to stay ahead of potential tax changes.

UK Car Debt Crisis Echoes 2008 Financial Shock

Exclusive analysis reveals British drivers are buckling under a record £70 billion car finance burden, with soaring defaults threatening a 'Great Recession' style economic tremor. Discover the ticking time bomb in the UK's auto loan market.

Plum Launches Market-Leading 6.17% Easy-Access Cash ISA

Exclusive: The popular money app Plum launches a market-leading Easy-Access Cash ISA with a top-tier 6.17% AER rate, offering a savvy new way for UK savers to beat inflation and use their tax-free allowance.

Premium Bonds Beat Bond Market Bullies

Exclusive analysis reveals how National Savings & Investments' Premium Bonds are defying financial giants and complex markets, offering a compelling, accessible alternative for UK savers seeking security and the chance of tax-free wins.

UK Prisons Slash Education Budgets by Up to 50%

Exclusive: Prisons across England and Wales face devastating cuts of up to 50% to education and rehabilitation programmes, sparking warnings of increased reoffending rates and prison violence.

UK's Top Accounting & Finance Universities 2025 Revealed

The Complete University Guide 2025 has ranked the best UK universities for Accounting & Finance degrees. Discover which institutions lead the pack, who climbed the ranks, and key trends shaping business education.

Chinook disaster families launch court bid for new probe

Relatives of the 29 victims killed in the 1994 RAF Chinook helicopter crash on the Mull of Kintyre are taking the Ministry of Defence to court in a historic bid to overturn the controversial pilot negligence ruling and force a full, independent inquiry.

Clear Your Mortgage Using 1940s Frugal Habits

Discover how one UK homeowner paid off her mortgage in record time by adopting wartime thriftiness. Get her top 10 practical, modern-day frugal living tips that really work.

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