New FCA Rules Improve Access to Basic Bank Accounts at 13 Major UK Banks Tuesday, July 7, 2026 fca banking basicaccounts financialinclusion accessibility credithistory ukfinance banks regulation customerservice From Tuesday, 13 of the UK’s largest banks will implement new rules designed to make accessing basic bank accounts simpler and more efficient. The Financial Conduct Authority (FCA) has confirmed this change as part of a … Read More
HMRC to Recover £200 Winter Fuel Payment from Pensioners with £35,000+ Income Thursday, July 2, 2026 hmrc winterfuelpayment pensioners taxcode incometax statepension meanstest martinlewis taxthreshold ukfinance HM Revenue and Customs (HMRC) will begin reclaiming the £200 Winter Fuel Payment from state pensioners whose total taxable income surpasses the £35,000 threshold. This change primarily affects state pensioners born after 1951 … Read More
Billionaire Trader Alex Gerko Slams HMRC for ‘Gloating’ After Supreme Court Tax Ruling Thursday, June 18, 2026 alexgerko hmrc taxdispute supremecourt currencytrading taxlaw gsacapital incometax tradingfund ukfinance Billionaire trader Alex Gerko has publicly accused HM Revenue & Customs (HMRC) of ‘gloating’ after losing a significant tax dispute in the Supreme Court. The legal battle centered on the tax treatment of profits generated … Read More
Halifax to Vanish from High Streets as Lloyds Phases Out Iconic Brand Tuesday, May 19, 2026 halifax lloyds banking highstreet branchclosures ukfinance digitalbanking brandretirement customerexperience financialservices Halifax, a familiar name on UK high streets for decades, is set to disappear as Lloyds Banking Group prepares to retire the brand entirely. This move marks the end of an era for a lender that has long been synonymous with … Read More
HMRC Set to Tax Over Two Million UK Households, Average Bill Hits £2,300 Friday, May 15, 2026 hmrc tax savings interest allowance personalallowance personalsavingsallowance taxbands ukfinance income HM Revenue & Customs (HMRC) is poised to charge over two million UK households an average of £2,300 in tax on their savings, according to recent data. A Freedom of Information request has revealed that the number of … Read More
HMRC Set to Collect £700 From 29 Million UK Households Due to Frozen Tax Thresholds Friday, May 1, 2026 hmrc tax personalallowance fiscaldrag inflation incometax taxthresholds pensions ukfinance taxincrease HM Revenue & Customs (HMRC) is poised to collect an additional £700 from millions of UK households, all because tax thresholds have been frozen since April 6, 2021. The personal allowance — the amount of income you can … Read More