UK money news stories - 23 April 2025

Three more UK interest rate cuts this year, predicts IMF

The International Monetary Fund has predicted three more cuts to the Bank of England base rate this year and that the UK’s rate of inflation will be the highest in the world’s advanced economies. But why and what else is it saying?

State pension top-up deadline has passed – what to know if you missed it

You can no longer top up your National Insurance contributions until 2006, but if you tried and were blocked before the end of the last tax year, all’s not lost. Here’s what’s changed and what to do if you were affected by HMRC’s error.

Parking firms ‘issuing thousands of fines in England due to faulty ticket machines’

If you’ve received a parking fine despite entering your registration number correctly on the machine, you could have fallen foul of “sticky keys”. 

Stealth tax raid that will cost pensioners £3,000

With the income tax threshold remaining frozen until 2028, millions more will be paying tax or will be dragged into higher tax brackets. Charities say many will be facing a triple hit from the impacts of tax, utility increases and benefits not keeping up with inflation. 

Child Benefit change coming into force this year and HMRC will alert families

This summer will see some changes introduced to Child Benefit and how you pay the High Income Child Benefit Charge, applicable if you or your partner earns over £60,000 a year. Here’s what’s happening.