Uk money news stories - 14 August 2024

Inflation rises for the first time this year

Inflation has been steadily falling since January as price increases have slowed. But today’s jump in the rate of inflation is contrary to the trend. Here’s what a hike in inflation means for your money.

Water companies to pay more compensation for poor service

The government’s proposing new rules to ensure households are better compensated when water companies fail to meet basic standards of service. The minimum you’d get would double to £40 but in some cases, you’d be able to claim at least a quarter of their annual water and sewage bill - or more.

Asda to put more staff on checkouts as self-service reaches limit

Has self-service had its day? Asda’s investing more in people-power by putting extra colleagues on its tills and northern supermarket chain Booths, has got rid of self-service almost entirely. 

Amazon launches new credit card  

It’s been a couple of years since the last Amazon credit card was withdrawn, but finally there’s a new version released. Once again it’s a reward card, meaning you can potentially earn up to 2% back on your spending. Here's everything you need to know.

UK state pension: ‘thousands more’ may have been underpaid

Significant issues have come to light with the State Pension meaning thousands of people may have been underpaid. Those most likely to be affected are widows or widowers when they came to claim their State Pension and their losses could be as much as £2,000 a year.

More than a third of uni students max out their overdraft by the end of first year

Ahead of A Level results day tomorrow, we’ve looked into how students manage their money at university. We discovered that most of them use their overdraft at some point over the three years with a significant number reaching their borrowing limit very quickly.

Supermarket bank with 1.9m customers is axing credit cards and loans 

Ahead of its deal with NatWest, Sainsbury’s Bank has stopped accepting new loan and credit card applications. If you got in there before the deadline, your application should still be processed and here’s what you should know if you’re already a credit card customer.