UK money news stories - 11 June 2025

U-turn on Winter Fuel Payment: You WILL get it if your income is up to £35,000 - what you need to know

After making significant changes to the Winter Fuel Payment at the Budget last year, meaning 10m pensioners would lose out on up to £300 towards their energy bills, the Government have reversed their decision. Here’s what’s changing.

Britons ‘hoarding cash amid economic uncertainty and fear of outages’

Households in the UK are ‘hoarding’ cash at home (like many did in the pandemic and during the cost of living crisis) in response to economic uncertainty and to give themselves a safety net in case bank systems go down. 

Santander switch offer: get £180

The latest switching deal from Santander is the first it’s offered this year. New and recent customers can get up to £180 - here’s how it works. 

John Lewis slashes points its credit card holders earn on purchases elsewhere 

If you’re a John Lewis customer, prepared to feel short-changed. The high-street retailer has cut the number of points you can earn on certain purchases, so instead of getting one point for every £4 spent, it’s going up to £10. 

Arrests made in crackdown on finfluencers 

As part of an international crackdown on ‘finfluencers’ - people who share financial tips and guidance on social media - three arrests have been made in the UK. Influencers are not allowed to give financial advice if they’re not authorised to do so and have to explain the risks - which some aren’t doing.