Category Archives: Business
Business | Finance | Marketing
July 16, 2025
Best Bank Account Switching Deals for July 2025: Get Up to £175 Free Cash
Best Bank Account Switching Deals for July 2025: Get Up to £175 Free Cash With banks competing fiercely for new customers, July 2025 brings some of the most generous current account switching bonuses we’ve seen this year. Barclays has just launched a market-leading £175 incentive – but is it the right deal for you? We […]
July 16, 2025
Thousands of UK Savers Hit With Unexpected Tax Bills – Are You Affected?
HMRC has begun issuing surprise tax demand letters to British savers, with experts warning that those with just £3,500 in savings could face unexpected bills. The tax authority is cracking down on unpaid savings interest tax as the new financial year begins. Why Are People Receiving Tax Demands? HMRC’s sophisticated systems automatically track interest earned across bank […]
July 13, 2025
UK Economic Slowdown Increases Likelihood of August Rate Cut
The UK economy shrank by 0.1% in May, following a 0.3% contraction in April, according to the latest Office for National Statistics (ONS) data. While Chancellor Rachel Reeves called the figures “disappointing,” economists now believe an August interest rate cut is highly probable as the Bank of England seeks to stimulate growth. Key Economic Takeaways 📉 GDP Decline: Two consecutive months of contraction […]
July 13, 2025
State Pension Age Change: What You Need to Know About the 2026 Transition
The Department for Work and Pensions (DWP) has confirmed a major shift in the State Pension age, with the threshold gradually increasing from 66 to 67 starting in 2026. This change will affect millions of Britons, particularly those born between April 1960 and April 1977. Here’s what you need to know about how the transition will work—and when you can expect to […]
July 11, 2025
Cybercrime Crackdown: Four Arrested Over Major Retail Hacks Targeting M&S and Co-op
The National Crime Agency (NCA) has made a major breakthrough in its investigation into a series of crippling cyber-attacks that disrupted some of Britain’s biggest retailers, including Marks & Spencer, Co-op, and Harrods. Who Was Arrested? A 20-year-old woman in Staffordshire Three males (aged 17 to 19) in London and the West Midlands One suspect is a 19-year-old Latvian national The others are UK […]
July 9, 2025
Monzo Hit With £21m Fine Over Financial Crime Control Failures
The UK’s Financial Conduct Authority (FCA) has slapped digital bank Monzo with a £21.1 million fine for serious lapses in its financial crime controls, including allowing customers to register accounts using Buckingham Palace and 10 Downing Street as their addresses. What Went Wrong? The FCA found that between October 2018 and August 2020, Monzo’s anti-money laundering (AML) and fraud prevention systems were inadequate as the bank rapidly expanded. Despite warnings, Monzo continued […]
July 7, 2025
SocGen Predicts EUR/USD at 1.17 by End-2025: What’s Driving the Dollar’s Decline?
The EUR/USD exchange rate surged to a 45-month high near 1.1830 this week before a slight pullback. Société Générale (SocGen) forecasts further medium-term dollar weakness, projecting the pair to reach 1.17 by the end of 2025. However, analysts warn that after a sharp decline, the dollar may see short-term rebounds before resuming its downward trend. Key Factors Behind the Dollar’s Slide 1. Economic Risks & […]
July 7, 2025
Family Car Favoritism: Why Did My Mum Gift My Cousin a Free Car When I Had to Buy My Own?
A reader writes in with a family finance dilemma: *”When my cousin turned 17, my mum gave her an old car for free—no strings attached. But when I and my siblings turned 17, we had to work part-time jobs, save for months, and pay for everything ourselves. Why the double standard?”* The Dilemma: Unequal Treatment or […]