UK Money

Green Deal cashback scheme closed

The scheme provided cashback of up to £7,600 for installing measures such as new boilers and solid wall insulation

The closure of a scheme which pays householders for installing energy saving measures could have left consumers out of pocket, it has been warned.

Mid East tourists are top shoppers

Tourists from the Middle East are some of the most keen shoppers during trips to Britain

Middle East visitors are some of the biggest shoppers during trips to the UK but the Chinese appear more choosy, according to a survey.

Retail sales show small increase

Sales volumes were up 0.1% in June, figures showed

Retail sales showed a meagre rise in June amid the longest period of sustained growth since before the recession, official data showed.

More poor pupils applying for uni

A record number of poorer students have applied for university places this year, Ucas figures show

Rising numbers of poorer teenagers are planning to go to university, but they are still half as likely to apply as their richer peers, new figures suggests.

Energy firms face extra storms bill

Ofgem said that while SSE and UKPN's southern arms were badly hit by the storms 'they could have done more to get customers reconnected faster'

Regulator Ofgem has ordered energy companies SSE and UK Power Networks (UKPN) to pay an additional £3.3 million after a probe into how they handled last winter's storms.

£495m paid into 'pension scams'

Pensions minister Steve Webb said people should make sure they understood all the implications before signing

People saving for their retirement are being warned to beware of cold calls, texts or website offers claiming to help them cash in their pot, as the total known amount paid into pension scams now stands at £495 million.

'Wake-up call' over interest rates

Many people could have problems making mortgage payments as interest rates rise

Wake-up calls must be urgently sounded to help people plan how to cope with increased borrowing costs amid the prospect of the end of rock-bottom interest rates, a think-tank has argued.

Strong pound cuts hotspot prices

Best-value holidays are to Spain's Costa del Sol and to Bulgaria

A stronger pound and price cuts in foreign resorts are making family trips to European hotspots up to 31% cheaper this summer, says a Post Offce Travel Money survey.

Call to curb 'trick' finance fees

Consumers are fed up with "trick" fees for financial products, a watchdog has reported

Many consumers believe that firms offering financial products such as mortgages, bank accounts and credit cards use separate fees or charges to "trick" them into thinking the cost is lower than it really is, according to research by Which?

Online shops' energy labels slammed

The worst performers were those selling air conditioners, electric ovens and washer driers, the report found

Online retailers are lagging behind traditional stores in giving customers details about the energy performance of domestic appliances, according to a report.

Degree costs set to rise to £26,000

The cost of a three-year degree will amount to around £26,109

Students heading off to university next year can expect to pay more than £26,000 for a three-year degree, as the cost of higher education rises.

Housing squeeze worsens for young

On average, people who own their own home spend 20% of their income on their mortgage

The proportion of young people who have been squeezed out of the housing market in England has grown since the financial crisis, new figures indicate.

Mortgage approvals 'rising again'

Mortgages worth £10 billion were given the green light last month

Mortgage approvals increased for the first time in five months in June as stricter rules around home loan applications started to bed in, banks have reported.

Wage growth signal over rate rise

Bank of England governor Mark Carney's remarks could dampen speculation about a rate hike by the end of this year

Bank of England governor Mark Carney has signalled that Britain's faltering wage growth is to have an increasingly important bearing on when interest rates will rise.

Birthday loan promotion banned

The Citizens Advice charity complained that an ad promoted a casual 'worry-free' attitude to taking out a short-term loan

An email from payday lender Pounds to Pocket has been banned for encouraging customers to use a short-term loan to fund birthday celebrations.

Disability benefits flaws 'grave'

Committee chair Dame Anne Begg called on Mark Harper, who was appointed minister for disabled people in last week's Government reshuffle, to respond positively to the report's recommendations

Flaws in the benefit system for people with disabilities and health conditions are so "grave" that they cannot be solved simply by rebranding eligibility tests and appointing a new private sector contractor to conduct them, a parliamentary report has said.

Benefit from pension delay to fall

Pensions minister Steve Webb revealed the plan to cut the rate in a written ministerial statement

People who delay their state pension from 2016 are to see the amount of extra benefit from doing so become less generous under new proposals.

Places plan for poorest pupils

The pupil premium is aimed at closing the achievement gap between rich and poor youngsters

All schools could be allowed to offer priority places to the poorest children in their area under new plans put forward by ministers.

Equitable Life payouts hit £972.9m

160,000 Equitable Life policyholders are still due a payout

Payments totalling £972.9 million have now been made to victims of the Equitable Life scandal but 160,000 policyholders who are due a payout still need to be tracked down, the Government has said.

Benefit claimant letters 'unclear'

A new report examined those on Jobseeker's Allowance referred to a mandatory back to work scheme such as the Work Programme

Some vulnerable people are only finding out they have been stripped of unemployment benefits when their cards are refused at cash-points, according to a review which found inadequacies in official communications with claimants.