UK money news stories - 15 January 2025

What the bond market turmoil means for your mortgage, pension and savings 

The UK’s bond sell-off has made waves in the UK economy, fuelling investors’ anxiety and putting more pressure on the Chancellor, Rachel Reeves. But what does it mean for your money?

Inflation falls to 2.5%

The latest figures show inflation has dropped slightly from 2.6% to 2.5%. However, experts warn this slight relief could only be temporary. Here’s everything you need to know.

Lloyds, Halifax and Bank of Scotland to share branches

Amidst the swathe of branch closures, Lloyds Banking Group has announced its customers can use the branches of any of the three brands. But we’re still waiting for it to confirm a date when these changes will be introduced.

Chase cuts 4.5% booster savings rate for some: should you ditch it? 

Chase customers who got an extra 1% on their savings last summer will now see it drop to 3.5%. But what else is happening to Chase rates and is it time to move your money?

New UK tax rules on side hustles like eBay and Vinted may lead to ‘nasty surprises’ 

Selling sites like eBay, Vinted and Airbnb have until the end of January to tell HMRC about how much money their users are making - which could lead to sellers and hosts paying more tax. But it’s all got a bit confusing - and here’s why. 

Wealthy wife, unhappy life: Men are sadder when their wives earn more than them, study finds

If you’re in a heterosexual couple and want a happy life, it’s better for the male partner to earn more, according to new research. It suggests the woman is the breadwinner, it can have worse outcomes on the couple’s mental health, especially the man’s. 

More people in late 20s still living with parents

High renting costs and increasing house prices have led to many a young person ‘boomeranging’ back to live with their parents, or moving out of the home in later life. There’s around 450,000 25-34 year olds still living with their parents at the moment - a significant increase in almost 20 years.