Tax trap warning for savers ahead of April changes
Savers face a bigger tax bill from April as savings interest tax rises by 2 percentage points and cash ISA allowance is cut to £12,000, experts warn.
Category : Banking
Robber Jailed for Knife-Point Petrol Station Theft
Reece Gillon, 34, was jailed for three-and-a-half years after pointing a six-inch knife at a petrol station worker's chest and stealing £178.12 in Prudhoe, Northumberland.
Burnham Sacks Reeves; Markets Fall
New PM Andy Burnham axed Rachel Reeves as Chancellor, triggering a market downturn. FTSE 100 fell 0.71%, gilt yields rose, and the pound slipped.
UK Borrowing Costs Jump as Healey Named Chancellor
UK government borrowing costs rose to a two-month high and the pound weakened after John Healey was appointed Chancellor, following Andy Burnham's comments on fiscal flexibility.
Pensioner banned after 5mph drink-drive milk run
Janet Oldham, 68, drove 500 yards to Morrisons at 5mph while twice the legal alcohol limit, collided with a parked car, and was banned from driving for 18 months.
John Healey Named Chancellor in Burnham's Cabinet Purge
John Healey replaces Rachel Reeves as Chancellor in Andy Burnham's first government appointment, as the new PM purges loyalists of predecessor Sir Keir Starmer from the Cabinet.
Burnham Names Healey Chancellor in First Cabinet Appointment
Andy Burnham, in his first act as Prime Minister, names John Healey as Chancellor. Rachel Reeves and David Lammy depart. Burnham pledges to end rough sleeping with £340m funding.
IKEA Shopper Demands Adult-Only Hours After Incident
An IKEA customer has called for adult-only shopping hours after a child damaged a table with a trolley and a pendant light struck their head, sparking debate online.
Duchess of Kent's Will Published: £1.4m Estate Details
The Duchess of Kent's will reveals she left over £1.4 million, with the bulk to her children, £10,000 to charity, and £5,000 each to nine godchildren.
Mexican Drug Lord 'El Mayo' Gets Life in US Prison
Ismael 'El Mayo' Zambada, 76, co-founder of the Sinaloa Cartel, was sentenced to life in prison after pleading guilty to trafficking cocaine, fentanyl, and methamphetamine into the US.
Hungary PM Picks Chess Prodigy Polgár for President
Hungary's Prime Minister Péter Magyar proposes Judit Polgár, the greatest female chess player, as president after ousting Tamás Sulyok via constitutional amendment.
Rachel Reeves Sacked as Chancellor by Andy Burnham
Rachel Reeves has been sacked as Chancellor by new Prime Minister Andy Burnham on his first day in office, confirming the decision on X and wishing her successor luck.
Burnham Hints at Borrowing and Tax Raid on High Earners
New PM Andy Burnham signals increased borrowing and potential tax hikes on high earners to raise the personal allowance, citing cost-of-living pressures.
Brit in Benidorm Shocked by UK Supermarket Prices
A British expat living in Benidorm for seven years returns to the UK and discovers groceries in British supermarkets are significantly cheaper than in Spain.
Man United's Next Transfer Priority Clear After Four Deals
Manchester United fans have spoken: a third midfielder is the priority after four summer signings. 54% of 1,253 voters want midfield reinforcement, with a back-up striker second at 29%.
14 EVs Qualify for £3,750 Labour Discount in July
Labour's Electric Car Grant offers up to £3,750 off 14 models including Renault 5, Fiat 500e, and Nissan Leaf. Full list and eligibility criteria.
Drake Loses $1.5M World Cup Bet: Total Losses $3M
Drake lost $1.5M betting on Argentina in the World Cup final. Overall, he has wagered $40.22M on 88 bets, with a 36.4% win rate and net losses of $3.05M.
FTSE 100 CEO Pay Hits Record £5M, 130 Times Worker
FTSE 100 chief executives now earn a record median of £5m annually, 130 times the average UK worker's pay, up from 124 times last year, according to the High Pay Centre.
PNC Mobile Banking App Down: Users Report Issues
PNC Bank customers are experiencing widespread outages with the mobile app and online banking services, as reported by Down Detector on July 20, 2026.
State Pension Age Rising to 68: Key Facts
Treasury officials reportedly told the OBR that the state pension age rise to 68 is planned for 2037, seven years earlier than legislated, affecting five million people.
Burnham Gives State Pensioners Under 77 Extra £313
New Prime Minister Andy Burnham confirms triple lock boost: younger state pensioners under 77 will get at least £313 extra annually from April, with full NI record.
Burnham Boosts State Pensions by £240 via Triple Lock
New PM Andy Burnham confirms triple lock for state pensions, giving older pensioners at least £240.37 extra from April 2026, with a 4.8% earnings-linked increase.
Petition: £14,000 Tax Allowance for Pensioners (20.07.2026)
An online petition urges the UK Government to increase the Personal Allowance to £14,000 for those over State Pension age, arguing the current freeze at £12,570 leaves pensioners facing tax bills.
Burnham Pledges to End Rough Sleeping as PM
New PM Andy Burnham pledges to end rough sleeping nationwide, citing his Greater Manchester record where rough sleeping fell from 268 to 90 but rose to 197 by 2025.
Self-Employed Face First HMRC Digital Tax Deadline
Thousands of sole traders and landlords earning over £50,000 must submit their first quarterly digital tax update to HMRC by August 7 under the new Making Tax Digital scheme.
Halifax Update: £8,000 ISA Change Affecting All Customers
Halifax has responded to a customer query about ISA transfers, as major changes to the £20,000 ISA allowance and interest tax rates are set to take effect from April 2027, reducing the cash ISA limit to £12,000.
State Pension Age Rise Delays £16,500 for 49-55 Year Olds
The DWP is expected to raise the state pension age threshold, potentially delaying payments worth up to £16,500 a year for people currently aged 49 to 55.
Andy Burnham Becomes UK PM After Starmer Resigns
Andy Burnham has become Britain's latest Prime Minister after Keir Starmer formally resigned. Burnham will give his first speech outside Downing Street at 1pm today.
Martin Lewis Warns of 7-Year Inheritance Tax Rule Costing Thousands
Martin Lewis explains that Junior ISAs are not inheritance tax-free, warning of the 7-year rule for gifts. Mistake could cost thousands in tax on savings.
State Pension Age Rise Delays £241.30 Payments from August
State Pension age increases from 66 to 67 start August, delaying £241.30 weekly payments for those born Aug-Sep 1960 by five months.
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