Category Archives: Business
July 4, 2025
NS&I Cuts Rates on British Savings Bonds – Are They Still Worth It?
National Savings & Investments (NS&I) has launched new British Savings Bonds, but with significantly lower rates than previous offers. Here’s what savers need to know. 2024 British Savings Bonds Rates (vs Previous Rates) Term New Rate (AER) Previous Rate (AER) Drop 2-Year 3.85% 4.00% -0.15% 3-Year 3.88% 4.10% -0.22% 5-Year 3.84% 4.06% -0.22% Minimum deposit: £500 Type: Government-backed fixed-rate bonds Why […]
July 3, 2025
Heathrow Blackout Caused by 7-Year-Old Unfixed Fault, Investigation Reveals
Neglected Substation Fault Behind Heathrow Airport Blackout A catastrophic power failure that shut down Heathrow Airport in March has been traced to a long-ignored transformer fault first detected seven years ago, according to an official investigation by the National Energy System Operator (NESO). Key Findings from the NESO Report ✔ Faulty transformer bushing – Moisture ingress caused a fire at the North Hyde 275kV substation ✔ Warning […]
July 3, 2025
Financial Complaints Hit Record High Since PPI Scandal, Ombudsman Reveals
Financial Complaints Soar to Post-PPI Scandal Highs The Financial Ombudsman Service (FOS) has reported a 54% surge in complaints, reaching 305,726 in 2024-25—the highest level since the PPI scandal peak in 2018-19. Key Findings from the FOS Report ✔ 305,726 total complaints (April 2024–March 2025) – Highest since PPI crisis ✔ Fraud & scam complaints hit record high (35,416, up 28% year-on-year) ✔ Motor finance complaints skyrocket (73,328 vs. 12,604 […]
July 2, 2025
Santander Expands UK Footprint with £2.54 Billion TSB Acquisition
Santander’s Strategic Move: Buying TSB to Boost UK Market Share In a major shakeup for UK banking, Santander has agreed to acquire TSB from Spanish rival Sabadell in a deal worth £2.54 billion. The acquisition, pending shareholder approval, positions Santander as the seventh-largest branch network in the UK and accelerates its push to become the third-largest bank by personal current accounts. Key Details […]
Finance | Business | Marketing
July 2, 2025
Best Bank Switching Offers July 2024: Get £185 Cash & Free Cinema Tickets
July’s Best Bank Switching Deals: Earn Cash & Free Perks Switching your bank account has never been more rewarding. With the Current Account Switch Service (CASS), millions have moved their accounts effortlessly – transferring money, direct debits and standing orders in just 7 working days. This July, banks are competing with cash bonuses up to £185 and free cinema tickets to […]
June 30, 2025
Why I’m Voting Against the Welfare Bill – And Why You Should Care
A Labour MP’s painful lesson from 2015: Voting for harmful welfare cuts led to lasting regret. Now history is repeating itself. In 2015, I made the worst mistake of my political career: I voted for the Welfare Reform and Work Bill. At the time, I was a new MP, trusting my party’s assurances that we could amend the […]
June 30, 2025
5 Costly Pension Mistakes You’re Probably Making Right Now
Are you risking your retirement savings? Experts reveal the most common pension pitfalls – and how to fix them before it’s too late. With pensions often taking a backseat in financial planning, millions of Brits are making simple mistakes that could cost them thousands in retirement. We spoke with Lisa Picardo (PensionBee) and Claire Trott (St. James’s Place) to uncover […]
June 28, 2025
UK Car Production Crashes to 75-Year Low: What’s Behind the Crisis?
UK Automotive Industry Hits Post-War Crisis Low New data from the Society of Motor Manufacturers and Traders (SMMT) reveals UK car production plummeted 32.8% in May 2025, sinking to just 49,810 units—the lowest May output since 1949 (excluding pandemic-affected 2020). Key Findings from the SMMT Report 📉 Total vehicle production (May 2025): 49,810 (-32.8% YoY) 🚗 Car production: 47,723 (-31.5%) 🚛 Commercial vehicles: 2,087 (-53.6%) 🌍 Exports share: 78.5% (now dangerously high) What […]