UK money news stories - 8 January 2025

MPs launch Lifetime ISA enquiry

It’s been nine years since the Lifetime ISA was launched - but are they fit for purpose? The Treasury Committee is asking financial firms, members of the public and experts to have their say - and here’s how you can.

Cash makes surprise comeback amid 4.6% annual rise in ATM withdrawals

Cash use is up for the third year in a row with many of us relying on it to help us budget in a cost of living crisis. But why else could cash use be up?

Energy prices rise with warnings of more pain to come

Energy bills are around 50% higher compared to pre-pandemic and experts suggest they’ll rise by another 3% in April. 

British Airways announces changes to loyalty programme

British Airways’ loyalty scheme is being overhauled and from April 1 it’ll look very different. Critics say it’ll be a real stretch for regular travellers to earn enough points to reap the rewards, once the changes have been introduced.

UK homebuyers can save up to £31,800 when buying cash - but not in London

If you’re a cash buyer you’ve got an advantage when it comes to buying a home. Sellers are much more likely to accept a lower offer when you pay in cash because of the certainty and the speed.