Helen Nugent

Npower, rents, car insurance and credit

One of the UK’s biggest energy suppliers is under fire this morning for hiking the price of gas and electricity by an overall 9.8 per cent. Npower has announced one of the largest single price rises implemented by a ‘Big Six’ supplier, according to the BBC. The company will raise standard tariff electricity prices by 15 per

Tesco, housing, motor insurance and debt

After Tesco surprised the City by announcing a £3.9 billion merger with Booker comes the news that the supermarket giant could be forced to dispose of more than 600 stores. Analysis by the data team at The Times has found ‘there are 635 Tesco stores situated less than 500 metres from a shop in Booker’s

Rail fares, tax, house prices and retirement

Rail passengers could find it easier to buy cheaper tickets following a trial involving the overhaul of Britain’s rail fares system. The Rail Delivery Group, which represents train operators, says the 16 million fares currently on offer are ‘baffling’ for passengers. It is commencing trials in May on a number of routes, including CrossCountry, Virgin Trains’ east

Tax, HBOS, Mastercard and debt

It’s the self assessment tax deadline today and, as with previous years, one in ten taxpayers are expected to file late and incur a penalty of £100. Now The Times reports that middle-class taxpayers have been issued with a record number of fines for errors on their returns. According to the newspaper, last year HM

Savers, price rises, branch closures and small businesses

There’s some good news for savers this morning following the news that the amount of money protected in the event of a bank or building society collapse has risen. The protection level has been increased by £10,000 to £85,000 in the wake of the weakening of the pound against the euro since the vote to

Tax bills, Tesco, cash machines and retirement

The taxman’s failure to properly pursue the UK’s richest people risks undermining confidence in the entire system, according to parliament’s spending watchdog. The Guardian reports that the Public Accounts Committee has concluded that Britain’s super-rich appear to receive preferential treatment from HM Revenue & Customs. The MPs’ report, released this morning, scrutinised HMRC’s specialist unit,

RBS, branch closures, economy, housing

Royal Bank of Scotland has set aside £3.1 billion ($3.8 billion) to deal with US claims that it mis-sold risky mortgage-backed securities ahead of the financial crisis. The Telegraph reports that the lender, which is still 72 per cent owned by the taxpayer, now faces a loss for 2016, the ninth year in a row that

Brexit, HSBC, energy and pensions

Some gloomy news this morning as toy manufacturers and brewers announce price hikes to their products. The Guardian reports that the price of some toys, including Lego and Peppa Pig merchandise, could increase by up to 15 per cent as a result of the plunging pound. Natasha Crookes, spokeswoman for the British Toy and Hobby Association, said most

Sterling, banks, British Gas and fraud

There’s just one story in the UK this morning: the Supreme Court has ruled that the Government cannot trigger article 50 without an act of parliament. News that parliament must vote on starting the Brexit process led to a slight drop in the pound. At the time of writing, the pound is 0.6 per cent lower

Financial data, housing, business rates and customer service

Some worrying news from consumer group Which? this morning regarding trading of personal and financial data on a ‘huge scale’, sometimes illegally and in breach of guidelines from the Information Commissioner’s Office. The BBC reports that after contacting 14 companies that sell data, undercover Which? researchers were able to access personal information on approximately half a million

Housing, banking, cash machines and car insurance

Hardly a day goes by without commentary and new research on Britain’s housing market. Now the Royal Institution of Chartered Surveyors has said that the market ‘stuttered’ at the end of last year and has started slowly in 2017. The Guardian reports that sales activity fell in December and estate agents are less optimistic about prospects over

Ofcom, unemployment, pay and national insurance

Britain’s biggest mobile network has been fined £2.7 million for overcharging tens of thousands of customers. The telecoms regulator Ofcom found that EE, which is owned by telecoms giant BT, broke a billing rule on two occasions. According to the BBC, ‘users who called its 150 customer services number while roaming within the EU were

Inflation, pensions, housing and fraud

Inflation has risen more than expected and the headline rate is now at its highest level since July 2014. Figures from the Office for National Statistics (ONS) showed the Consumer Price Index (CPI) hit an annual rate of 1.6 per cent in December – up from 1.2 per cent the previous month. Economists had predicted

Private medical insurance, housing, savings and energy costs

As fears over the state of the NHS continue to hit the headlines, new data shows that the number of people buying private medical insurance has increased significantly for the first time since the financial crisis. Figures compiled by LaingBuisson, a healthcare consultancy, and reported in The Guardian, reveal that ‘after falling steeply between 2008

First-time buyers, wages, pensions and car insurance

There’s a glut of data about first-time buyers from the Halifax this morning, including the news that the number of this type of home-buyer has hit a ten-year high. The Halifax First-Time Buyer Review said the number of buyers entering the market hit 335,750 last year, up 7.3 per cent on 2015. But the bank also

Retail Super Thursday, Lloyds, economy and equity release

More bumper retail results today with M&S reporting an increase in clothing and homeware sales over Christmas for the first time in two years. Surpassing expectations, sales in the division rose by 2.3 per cent. John Lewis also reported results this morning, revealing that Christmas sales increased by 2.7 per cent. Meanwhile, a demand for

Supermarkets, tax, housing and income

Supermarkets continue to reap the benefits from our Christmas spending with two major retailers reporting record sales today. Sainsbury’s said it witnessed Christmas sales of more than £1 billion across the group, adding that like-for-like sales increased 0.1 per cent in the 15 weeks to January 7. According to the BBC, this surpassed analyst expectations. It

Earnings cap, spending, car hire and broadband

In a move that is guaranteed to stir up opinion, Jeremy Corbyn said this morning that he would like to see a cap on the amount that people earn. Speaking on BBC Radio 4‘s Today programme, the Labour leader said he thought introducing the limit would be ‘the fairer thing to do’. He added that he