UK money news stories - 6 August 2025

Nearly 3m savers will be hit by tax bill this year as more fall into the net than previously forecast

Around 120,000 more people are expected to pay tax on their savings this year than previously estimated, with the average person forking out £2,300. But what’s behind the trend?

£18 billion in car finance compensation likely – are you one of millions due £100s?

With the Supreme Court only partially overturning an appeal regarding mis-sold car finance, the regulator has said it’ll consult on a redress scheme on hidden car finance commission claims 'by October' with payouts starting in 2026.

New regular 6.5% regular saver from Virgin Money - is it any good?

The 6.5% rate is a far cry from the 10% being offered by Virgin Money last year, but it’s still a decent rate and hard to beat. But how does it work and how much interest could you earn?

Airbnb guest says images were altered in false £12,000 damage claim

A dubious host almost convinced Airbnb that a guest had caused thousands of pounds of damage with digitally manipulated photos. Luckily, the woman was able to appeal the decision and prove her innocence. Here’s what happened.  

£100m of Premium Bond prizes remain unclaimed

Some 2.5m Premium Bond prizes are still out there for the taking including 11 prizes of £100,000. If you think you could be one of the lucky winners, you can use NS&I’s tracing service or MyLostAccount to check.

Fake savings ads: ‘One of the most sophisticated scams we have seen’

If you’re looking for a new savings account, be wary of adverts promising you generous returns even if you recognise the name of the provider. This latest scam, that prompts savers to open a genuine Wise account, has been described as one of the most convincing the National Fraud Helpline have ever seen.