All of our Money news in one place.

Big high street banks falling short of customer expectations

Commenting on this morning’s announcement from the CMA that banks must display how likely customers are to recommend their services to family and friends, Tashema Jackson, money expert at uSwitch.com, …

Interest rate rise as era of cheap credit comes to an end

Commenting on the decision of the Bank of England to raise interest rates to 0.75%, Tashema Jackson, money expert at uSwitch.com, says: “This increase in the Bank of England’s base rate will see …

Savvy consumers not willing to put up with poor service from their banks

Following the Current Account Switch Service latest quarterly figures published today, Tashema Jackson, money expert at uSwitch.com, says: “A six per cent increase in customers switching their current account is …

Holidaymakers put £9.7 billion on plastic to fund their fun in the sun

More than half of British holidaymakers (57%) are using credit to help fund their foreign getaways this year[1] A total of £9.7 billion is being put on plastic to pay …

Unacceptable that banks make millions of pounds from vulnerable overdraft users, says uSwitch

Following publication of the FCA’s high cost credit review, Tashema Jackson, money expert at uSwitch.com, says: “It is encouraging to hear that FCA is looking to tackle some of the …

Seven million Brits claim to be living debt free despite owing millions, UK’s debt profile reveals

Seven million Brits don’t consider they are in debt, despite having at least one credit agreement with a lender[1] Three quarters (74%) of consumers[1] are in debt owing a total …

Bank of England holding base rate at 0.5% a relief for mortgage holders

Commenting on the Bank of England’s decision to hold interest rates at 0.5%, Tashema Jackson, money expert at uSwitch.com, says: “The news that the Bank of England has kept its …

Postcode lottery: Devon residents fork out twice as much as Westminster in household running costs

PL8 in South Hams, Devon, is the most expensive postcode for running a household, with locals paying an average of £332 per month on their home insurance, energy, water and …

Mortgage providers pushing up rates ahead of predicted base rate rise in May

Average mortgage rate has increased 0.25% since mid-March[1] Rise equates to nearly £5,000 of extra interest over lifetime of the average mortgage[2] Popular mortgages have seen the largest rises – …

PPI drives increase in banking complaints figures

Commenting on the FCA complaint figures, Tashema Jackson, money expert at uSwitch.com, says: “PPI continues to dominate the banking complaints figures, as you would expect given the big push by the regulator …