UK money news stories - 14 May 2025

Cash ISA review to start in July - will Rachel Reeves chop the £20,000 limit?

Rumour has it the long-awaited Cash ISA review is starting in the next few months to seek views on how the tax-free savings accounts can be reformed. Here’s what reports are claiming so far. 

M&S says customer data stolen in cyber attack

Following the cyber attack on M&S three weeks ago, the popular retailer has revealed customer data has been stolen as a result, which could include telephone numbers, home address and dates of birth, putting them at risk of identity fraud.

Interest base rate cut to 4.25%: what does it mean for you?

Last week’s meeting resulted in a cut to the Bank of England’s influential base rate. We’ve looked into what it means for your money and whether we can expect any more cuts this year.

WhatsApp number will tell you instantly if you're being scammed - how it works                                                                

If you’ve received a dodgy email or text message and you want to check if it’s a scam, you can send a photo or screenshot of the message to Ask Silver, a free AI-powered scam-checking service on WhatsApp, and it’ll tell you if it’s legitimate or not.

Energy firms pay customers £7m after overcharging them: Are you owed a refund?

Ten energy suppliers, including Octopus Energy and Utility Warehouse, have paid thousands of customers millions of pounds in refunds and compensation after overcharging them between 2019 and 2024. Here’s how to check if you’re due some cash.