All posts tagged: Personal Finance (section)

Andy Burnham sent warning after new £2 change – ‘pay attention’ | UK | News

Andy Burnham sent warning after new £2 change – ‘pay attention’ | UK | News

Andy Burnham, leader of the Labour Party, at a speech to party members in central London, UK, on Friday, July 17, 2026. Burnham said he’ll be a pro-business prime minister, in his first speech since formally winning an uncontested race to lead the governing Labour Party. Photographer: Henry Nicholls/AFP/Bloomberg via Getty Images (Image: Bloomberg, Bloomberg via Getty Images) Andy Burnham has been warned that he needs to ‘pay attention’ with his next steps in Downing Street after the announcement of a significant policy shift. The new PM is introducing a cap on single bus tickets at £2. Millions of passengers stand to save a third on bus travel as Prime Minister Andy Burnham unveils a cap on single bus tickets at £2 during his first week in office. In a bid to ease the cost of living and provide people with much-needed financial relief, commuters will benefit from reduced fares from 1 January 2027 for the remainder of the year – with maximum fares cut by a third. Debbie Porter, Managing Director at Bakewell-based Destination …

Martin Lewis says ‘it ain’t looking good’ for energy bills | Personal Finance | Finance

Martin Lewis says ‘it ain’t looking good’ for energy bills | Personal Finance | Finance

The vital Strait of Hormuz waterway has been closed once again, sending the price of oil skyrocketing. The latest energy price cap had already gone up 13 per cent in the UK as a result of the Iran-US war. The next price cap, which will be announced on August 26 and will run from October 1 until December 31, had already been predicted to rise despite the signing of a Memorandum of Understanding (MOU) between Donald Trump and Iran. But the resumption of strikes means prices are once again set to go up. Money-saving expert Mr Lewis said: “Graphs show what’s likely to happen to energy bills…it ain’t looking good. “The big changeable factor in the price we pay for home energy is wholesale rates. And this UK natural rate is the main driver of both gas and electricity bills, as gas is involved in electricity generation. “The impact of the Middle East conflict which started on Feb 28 is clear. It is the prime reason most people’s bills are rising. “P.S Most of our …

Reeves says ‘I’m going to be straight with people’ in new warning | UK | News

Reeves says ‘I’m going to be straight with people’ in new warning | UK | News

Chancellor Rachel Reeves has issued a new warning to “British families and businesses,” saying the Iran War will come at a cost to people in the UK. It comes as US-Iran peace talks ended without a deal. Ms Reeves said that although the scale of the costs was not known, the Government was committed to providing support to those who need it. Britain will host further talks on reopening the vital Strait of Hormuz shipping lane with a coalition of countries next week. The meeting will continue the Government’s efforts to restore freedom of navigation in the strait, which serves as a shipping route for oil and gas. It comes after the Prime Minister spoke to Donald Trump about the need for a “practical plan” to get ships going through the area amid suggestions Iran wants to charge vessels for passage. US Vice President JD Vance was in Pakistan for peace negotiations with Iran, though a 21-hour session ended without an agreement in the early hours of Sunday. Mr Vance said Tehran refused to commit …