UK money news stories - 30 October 2024

Autumn Budget 2024: What you need to know

The Be Clever With Your Cash team have rounded up all the major changes announced in Rachel Reeves’ Budget that could affect your savings, tax, pensions and more.

Retailers under fire for excluding millions from lower loyalty prices

High street shops, including Sainsbury’s, Tesco and Waitrose, have been accused of cutting off some of the country’s most vulnerable shoppers, such as young and homeless people, from cheaper prices. 

Cash ISA war heats up with providers raising rates to 5.15%

We’ve seen two Cash ISA providers, MoneyBox and Trading 212, battling for the top spot of the best buy tables in the last few days. Find the best rates right now.

UK’s financial ombudsman ‘misleads consumers it is supposed to help

Researchers from Warwick University have uncovered some ‘very concerning practices’ relating to how the Financial Ombudsman Service deals with complaints. They say the real customer success rate is a lot lower than the one it publishes. 

'My £250 Child Trust Fund is now worth only £12'

Child Trust Fund holders are being warned of high charges investment companies are applying to manage the account. For smaller pots, a fixed fee could be a disaster and could wipe out any growth or even eat into the balance. 

One in three retirees are in debt - and owe an average of £17,000

Around three million retirees are paying £602 a month, on average, to try and clear their debts. This adds up to over £7,000 a year or roughly a quarter of the average annual income of retired over 50s.

50,000 Oasis tickets to be cancelled for violating purchase terms

Some 4% of Oasis tickets ended up on unofficial resale websites and the way they were bought broke Ticketmaster’s terms and conditions. It is now going to cancel about 50,000 tickets where fans bought more than four tickets per household per show, used multiple identities to purchase tickets and several credit cards. These will then be resold on Ticketmaster at face value.