UK money news stories - 30 July 2025

Santander makes big changes to its Edge cashback card - should you ditch it?

The high street bank has upped the monthly fee and cut the amount of cashback you can earn on the Edge credit card. But is it still worth keeping?

High meat and tea costs drive up food prices

You may have noticed your supermarket shop costing more than usual (I know I have!) and you’d not be wrong. Food prices rose 4% in the year to July, up from 3.7% the month before. Staples such as meat - beef and chicken in particular - have seen prices hit, as well as tea, as a result of tighter global supplies.

Millions of workers could lose £18,000 in state pension if they have to wait until 68

Experts are suggesting a rise in the state pension age could lead to huge financial losses of pensioners, following a new Government review of the state pension qualifying age. Investment firm Rathbones says a 51-year-old could lose almost £18,000 in a year when they turn 68 if the state pension age rises.

68% of people don’t tell their financial provider they’re vulnerable - here’s why you should

Some 26 million people are considered vulnerable by the financial regulator yet 11 million don’t realise, according to Smart Money People research. Vulnerability is a broad spectrum but whether you have a physical or mental health condition, or are going through a significant life event like bereavement or divorce, it can have a real impact on your finances and your financial providers can help.

Two-fifths of mobile phone thefts in Europe happen in UK, shows insurance data

Phone theft claims in the UK have increased by 425% since June 2021, with 42% of phone thefts in the UK occurring in London. If a thief gets hold of your smartphone, it’s not just inconvenient - they can drain your savings, apply for loans and lock you out of your accounts.