UK money news stories - 21 May 2025

Exclusive investigation: shops charging illegal ‘restocking fees’ for returns

This exclusive investigation by Be Clever With Your Cash has revealed a number of online retailers charging eye-watering fees when customers return orders. Plus, read how senior writer Zoe fought back against these illegal charges which can cost customers hundreds of pounds.

Inflation rises to 3.5%

Inflation is at its highest level since January 2024. Find out why, and what it could mean for your money.

Rachel Reeves rules out cutting ISA limit but remains vague on cash savings

We’ve been aware the Government is planning to reform the ISA market for a while now with fears this could mean a cut to the annual ISA allowance. This week she gave a brief update on the BBC’s Newscast podcast - here’s what she said.

Monzo launches 'undo payments' feature

Nearly one in three people have made a payment error, whether it’s accidentally adding an extra zero or sending the money to the wrong person. But now, if you’re a Monzo customer and you send a payment by mistake, you’ll now be able to reverse it as long as you do so quickly. 

New Buy Now, Pay Later rules aim to protect shoppers

Long awaited Buy Now, Pay Later rules have finally been announced that promise to put an end to the ‘wild west’ of unregulated borrowing. But they’re not expected to be in force until mid-2026 so until they are, you’ll need to continue to tread carefully with BNPL.

Santander axes debit card cashback

Huge changes are afoot for Santander customers with the Edge or Edge up current accounts, following the end of the 1% cashback that’s paid on travel and groceries. Here’s everything you need to know and whether it’s time to ditch the accounts.

Ryanair to raise air fares after lower ticket prices hit profits

If you’re planning a summer holiday, prepare for higher air fares if you’re travelling with Ryanair. The budget airline has said the price of flights will head back up after a year of lower fares saw its profits fall 16%.