UK Money

Stamp duty reforms 'boost market'

The NAEA said its members typically had 360 prospective home buyers registered with them per branch in December

Stamp duty changes helped to boost the number of house hunters in December to the highest levels seen for that time of the year in a decade, estate agents have reported.

Labour urged to freeze rail fares

Labour has been urged to freeze rail fares

Labour is being urged to freeze rail fares if it wins the election after a new study showed the cost of travelling on some routes has more than trebled since the industry was privatised.

74% shared card details - survey

The Payments Council has launched a guide to help people manage their finances safely

Nearly three-quarters of people who have recently needed extra help to make payments have potentially put their financial security at greater risk by sharing their card and Pin number with someone else, according to research.

Compensation deal on card products

The FCA said it has reached an agreement over a compensation package with 11 high street banks and credit card issuers and insurance provider Affinion

As many as two million credit card holders could be in line for compensation after being sold security products with some features that they did not need, the City regulator has announced.

Energy firms 'to increase margins'

The energy regulator is expected to publish figures showing that major firms will increase their margins over the next year

Ofgem is set to publish new figures estimating that energy companies are in line to increase their margins, describing the findings as "clearly cause for concern".

Mixed indicators in mortgage market

The latest research in the mortgage market brings mixed news for would-be buyers

The number of mortgage approvals made to home buyers fell to a 20-month low in December but banks predict that activity will pick up again in the coming months.

Tories 'will cut cap on benefits'

David Cameron says the Tories will reduce the benefits cap to £23,000 within days of regaining power

A Conservative government will take action within days to cut the annual benefit cap from £26,000 to £23,000 if the party wins the general election in 100 days' time, David Cameron has said.

Poorest 'worst hit by reforms'

The poorest have been hit hardest by tax and benefit reforms, research suggests

A major academic study has found that the poorest in society have been worst affected by the Government's tax and benefits changes.

'Havoc' fear over taxman IT switch

Tax collection yielded more than £500 billion in the last completed financial year

Ordinary taxpayers and the government finances could face "havoc" due to HM Revenue & Customs' complacent approach to IT systems, MPs have warned.

Universal credit '1,500 years away'

Iain Duncan Smith told MPs the Government intends to meet its latest targets on the roll-out of universal credit

The glacial pace of the Government's universal credit means Labour's support for the reform will not mean throwing "good money after bad", Rachel Reeves has told MPs.

Post Office rebrands money services

The Post Office is looking to become the UK's biggest financial services provider

The Post Office has launched a new brand for its products as it bids to become one of the UK's biggest financial services providers by the end of the decade.

SSE to cut gas prices by 4.1%

Big Six energy giant SSE is cutting its gas tariffs and extending its price freeze

Big Six energy provider SSE today became the latest firm to announce a cut in gas tariffs but said the move would not take effect until April 30.

PM's tax cut vow 'a Lib Dem policy'

Prime Minister David Cameron arrives with Chancellor George Osborne for their visit to Somerset College, Taunton

David Cameron's attempt to put tax at the heart of his general election campaign has provoked a spat with his Liberal Democrat coalition partners, as Nick Clegg accused the Prime Minister of a "brazen attempt" to steal the credit for income tax cuts during this Parliament.

Lib Dems hail tax gain for millions

Danny Alexander said the policy amounted to a "tax revolution" for working people

More than eight million households will be £1,330 better off on average next year as a result of increases to the amount of money people can earn before paying income tax, according to Treasury analysis released by Danny Alexander.

Finance confidence hit by Christmas

The Lloyds Bank Spending Power Report found November's record high reading of 191 points fell to 188 points in December

Consumers' confidence in their finances fell back from its highest levels in four years in December as Christmas put a squeeze put on people's budgets, a report has found.