Millions of the poorest households could see council tax bills rocket by more than £600 a year from April in benefits overhaul

Feeling the pinch: Millions of households could see their council tax bills rise

As many as three-quarters of local authorities in England plan to increase bills for families who currently have their council tax reduced or fully covered. The most vulnerable could be worst hit, according to the research from the independent research group the Resolution Foundation.

OFT clears oil firms on petrol prices, despite experts' claims that they quickly rise but fall too slowly

OFT decision: Has been met with dismay by experts who say petrol prices are quick to rise, but slow to fall

Watchdog found 'very limited' evidence that pump prices rise quickly when oil prices go up but fall slowly when it drops. As a result, it will not be launching a full investigation.

Property market finds some cheer from cheap loans scheme as mortgage approvals hit eleven-month high

Mortgage approvals: There has been a rise in December but analysts have warned that a marked upturn in housing market activity currently remained elusive amid challenging economic times

Data from the Bank of England revealed the number of loans approved for house purchase hit an eleven month-high in December, rising to 55,785 from 54,011 in November.

Barclays' former pay chief opposed boss Bob Diamond's 2011 bonus

Recognition: Barclays directors worried over how Bob Diamond would react to losing the payout

Alison Carnwath said she had been 'amazed' when chairman Marcus Agius suggested Diamond should have a £2.7million bonus, despite lacklustre performance and the PPI mis-selling scandal.

Homeowners wanting to to cut energy bills are hit with £180 upfront fees for Green Deal - even if no work is done

Sunny outlook: The initiative - launched on Monday - is designed to make 14 million homes more energy-efficient

Homeowners who are curious about the deal face assessment fees of up to £180. During this consultation, you are told what improvements can be made.

How sky-high bank overdraft charges worth 53,000,000% force borrowers into the arms of payday lenders

High Street bank versus payday loan company

BP's record $4bn penalty for Gulf of Mexico tragedy approved

US fines

BP has won approval in the US for a record $4billion settlement of federal criminal charges from the Gulf of Mexico disaster, in a deal that will fuel controversy over the huge penalties being extracted from UK companies.

Battle to keep the 10p savings tax: Pensioners must claim back overpayments to stop preferred rate being scrapped

A sinking pound being saved

Around two million over-65s on low incomes may be owed an estimated £200m as they have paid 20% tax on their savings interest. They should have paid none, or the little known about 10% rate.

As TWO MILLION are set to miss deadline for online tax returns... Five tips to getting that self-assessment form in before midnight Thursday

Online: The number of people choosing to file their tax return online has nearly doubled over the past five years

With two million self-assesment tax returns yet to be filed online before tomorrow night's deadline, we present five survival tips to getting yours in on time.

   

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MARKET REPORT: Trouble at Italian oil and gas firm sparks Petrofac plunge

MARKET REPORT: Trouble at Italian oil and gas firm sparks Petrofac plunge

Saipem, which is controlled by Italian oil business Eni, issued a profit warning late on Tuesday night after the markets closed. The business said last year's profits would be 10 per cent below market forecasts, while it predicted next year's profits would be a whopping 50 per cent below consensus forecasts.

ALEX BRUMMER: Band of enforcers in control at HSBC

Alex Brummer

HSBC's desire is to put in place a non-executive director and team of advisers to the board capable of determining the next ethical or criminal threat whether it be corruption, tax disputes or digital fraud.

Don't blame us for rising bills, says Npower chief Paul Massara

Switched on: Paul Massara says improving customer service is one of his highest priorities

Energy bills have increased by 170 per cent in the last decade - with the most recent hikes biting just before winter set in.

Federal Reserve admits US downturn is not over yet as global recovery outlook darkens

Federal Reserve admits US downturn is not over yet as global recovery outlook darkens

America's central bank said growth has 'paused in recent months' just hours after official figures showed output fell in the final quarter of the year.

Family gets £23,000 medical bill shock after father is put into coma on cruise ship and travel insurer refuses to pay up

Together: Mr Thompson with daughters, Stephanie (left) and Mandy (right). He's now back in the UK after falling ill on-board a P&O Cruise on the way back from the Caribbean.

When Anthony Thompson, 64, fell seriously ill on-board a cruise in the Atlantic Ocean his family thought that he would be covered by his Barclays Travel Plus bank account. But they then faced a traumatic battle over a £23,000 medical bill when the insurer providing the cover claimed that previous illnesses suffered by Mr Thomson had invalidated his policy.

SIMON LAMBERT: The house prices sham - how the Land Registry undercooks what homebuyers pay by £90k

Simon Lambert on how house prices are undercooked in official figures

The Land Registry's monthly figures, based on actual prices paid, are the stick used to beat other major reports. But they are nowhere near a fair reflection of what we pay for a home. Its paid-for report, which includes new-builds, paints a far truer picture of what people are paying for property - almost £250k.

A third of pensionless workers remain unconvinced about landmark auto-enrolment scheme

Need to save: Workers in the hospitality industry are the least likely to be saving into a pension, the NEST research found.

A report by the National Savings Employment Trust (NEST) has revealed that of the 11 million pension-less private sector workers in the UK, only 63 per cent agree with the idea of auto-enrolment.

10p savings tax: Our step-by-step guide to claiming a perk worth £1,247

Fill the form: You can claim back up to four years of tax

Here we explain how to claim back overpayments and how much you will be able to get.

Winter holidaymakers lose £5.5million due to injury or lack of snow but STILL one in eight don't have insurance

Jump: Missed snow days due to injury or lack of snow can be annoying and costly - but still one in eight go without insurance.

Whether it’s down to white outs or too little snow, not being able to ski can be frustrating and costly – with popular resorts charge over £50 per day for a ski pass.

Buy-to-let mortgage rates tumble to a six year low - so is now a good time for landlords to invest or remortgage?

TRISTON COMPTON

Buy-to-let fixed mortgage rates have tumbled to levels last seen in 2007, as the Funding for Lending Scheme continues to boost landlords. The average rate across the top ten lowest rates for two-year fixed deals is 3.35% compared to 3.69% a year ago, according to Moneyfacts. But some serial landlords, like Tristan Compton, say lenders remain restrictive.

Move your cash Isa now to avoid a sharp rate dip as bonus periods come to an end

Money falling from a piggy bank

Savers who took out cash Isas a year ago need to get ready to transfer their money. These accounts came with a big bonus, but it lasts for only 12 months, after which the rate tumbles to as little as 0.25%.

Why did Santander take so long to send me a cheque after I closed my account?

Cheque

An 89-year-old reader was left waiting in limbo after they closed their current account with Santander, as a cheque for the £3,000-plus left in their account didn't arrive until more than two months later.

Compare your pay to the national average in your job: League table of official UK salaries across 400 trades and professions

Midwives in the UK get paid on average £29,248 - check in our official tables how your salary compares to the national average in your profession

Midwives in the UK get paid on average £29,248: so where does your salary fit into the national league table, and how does it compare to the average in your profession? Our table lists hundreds of Britain's jobs from company executives and doctors to van drivers, waiters and textile machine operators.

Get on your bike to Aberdeen? Jobseekers in Hull face 50 rivals for each vacancy, as best and worst cities to find a job are revealed

Vacancy disparity: Aberdeen and Hull are respectively the best and worst cities where to find employment

Three British cities, meanwhile, have more vacancies than jobless people: Aberdeen, Guildford and Cambridge each have more vacancies than jobseekers, according to jobsearch site Adzuna's study of 50 cities.

Tit-for-tat loans battle drives costs down: Derbyshire Building Society matches market-leading 5.1% rate

Price matched: The Derbyshire Building Society has matched Clydesdale Bank's market-leading personal loan rate.

Offer comes three weeks after Clydesdale and Yorkshire Banks announced a market-leading 5.1 per cent deal.

New fund supermarket's cut-price fees can help investors earn an extra £1,000

'Clean' funds: Charles Stanley charges just 0.25 per cent on top of the annual management charge of 0.75 per cent

Someone saving a small amount every month into a fund can earn an extra £1,000 in a decade by using Charles Stanley, figures for Money Mail show.

You thought Wonga was bad? Meet Easy Finance Club - the payday lender with an APR of 68,300%

Payday loan

Easy Finance Club is charging £65 on loans of £100 taken out over 28 days - equivalent to a whopping 68,300 per cent APR.

ASK TONY: My friend lost £50,000 after betting on when Americans would die

Ask Tony

A 75-year-old lady acquaintance's investment fund was suspended in 2008 and she has been advised its value is in deficit! Basically, the fund has vanished. My questions to various bodies hitherto — and ones that remain unanswered — are: ‘Where are the proceeds of such policies going? Who is getting them?’ So whom should she approach for compensation?

'I'm not sure I'll be able to afford to insure my dog again': Why it's more expensive to insure a dog in Dorking than Durham

Concerned: Charlotte Stockley with her dogs Neva and Paddy

Pet owners in the South face paying twice as much to insure their animals than those who live in the North. Charlotte Stockley (pictured) is worried about renewing her pet insurance after the premium soared to £945.

Britain dealt bloody nose after European court allows Iceland to repay billions it owes on its own terms after collapse of failed bank Icesave

Iceland landscape

When all of Iceland’s banks collapsed four years ago, Britain and the Netherlands stepped in to repay savers, and both governments expected Iceland to repay those sums in full immediately.

MONEY SCHOOL: How to start saving, beat the taxman and track down the best rates

Start saving: Our tips on how to get into the savings habit

There is no time like the present if you have made a resolution to start saving. From tips on finding the best account to how to keep your hard-earned interest tax-free, we explain how first-time savers and those looking to build up a nest egg can navigate the savings minefield and end up richer.

The Green Deal energy efficiency scheme launches - should you borrow for home improvements?

Debatable: The Green Deal is designed to help 14million households improve energy efficiency - but the scheme will only work is consumers work to use less energy.

The government’s Green Deal scheme was officially launched today with the aim to help 14million households improve energy efficiency. But will getting a loan reduce your bills?

Millions of older property owners neglect home repairs because they can't meet maintenance bills

Repairs: Gutters, roofs, insulation and heating are among the most common things that need fixing

Insurer Saga, which commissioned the survey, found that 41 per cent of those over 50s say their home is in need of repair, but one in eight (12 per cent) doesn't have enough money to pay for maintenance work.

John Lewis and supermarkets have best credit card customer service while High Street banks are slammed

Customers happy: The snowman's journey stole hearts in John Lewis's Christmas advertising campaign, and its credit card customers are more than happy with its service as well.

Brands such as John Lewis, M&S;, Tesco, Co-op and Sainsbury's are showing banks how it's done as all five featured in uSwitch.com's 'Top 10 Credit Cards of the Year' list.

Watchdog to rule interest-only loans were NOT mis-sold as officials face up to problem of borrowers unable to repay their mortgage

At risk: Homes bought before the credit crunch are likely to have seen significant rises in value and therefore leaving borrowers with large amounts of equity

The Financial Services Authority (FSA) is examining interest-only mortgages as the time approaches when large numbers of the loans sold during the credit boom become due for repayment.

Would you try it? Horse burger sales surge as controversial meat piques consumers' curiosity

Provoking interest: Horse burger sales have increased tenfold with consumers curious to try the controversial meat

The revelation that thousands of beef burgers eaten by British families may have been contaminated with horse meat provoked widespread revulsion across the UK. But for hundreds of shoppers it only served to pique their curiosity.

Redundancy payouts cost employers £4.9bn last year with workers walking away with an average £12,000

Resistance: Thousands marched against public service cuts - which lead to redundancies - in London last yea

Employers have now paid out over £18billion in redundancy pay since the start of the recession in 2008, a report by commercial law firm EMW showed.

New Bank of England governor signals he will put growth at top of agenda

Mark Carney: Can he fix economy?

There is little doubt Mark Carney will want to make his mark during his five-year term when he takes over the helm from Sir Mervyn King at the end of June.

Should Britain stay in the European Union? The key questions that will affect our economic balance sheet

Union Jack Flag

It is Britain’s biggest and most contentious balance sheet – the cost and benefit analysis of membership of the European Union.

Tesco boss Phil Clarke can breathe a sigh of relief as latest industry figures appear to validate his turnaround plan

Fighting fit: The supermarket is now back on track after posting its first profit warning in decades

The under-pressure retail chief has spent £1bn trying to kick-start growth at the troubled UK business and early independent signs show this is beginning to work. For the first time since June 2011 Britain’s biggest retailer has maintained market share while simultaneously matching the average level of growth seen across the industry, data from Kantar Worldpanel shows.

Build HS2 trains in UK, says pop mogul Pete Waterman

If the cap fits: Pete Waterman has challenged Transport Secretary Patrick McLoughlin

The train buff has challenged Transport Secretary Patrick McLoughlin over the controversial £34bn high speed HS2 rail project urging him: ‘Build the trains in Britain.’

Now that's optimism! Greece will dig itself out of recession this year promises finance minister as he lectures Britain over EU exit

Confident: Greek finance minister Yannis Stournaras believes this will be the country's last year of recession

Yannis Stournaras claimed the worse was over for Greece, adding that 'the probability of Greece leaving the euro - Grexit - is now very small'.

George Osborne told case for second Budget is 'weak' as it could create economic uncertainty

Changes: In his last Autumn Statement in December, George Osborne admitted he would miss a key target for reducing the deficit

MPs said a ‘single substantial’ Budget statement was preferable, to give Parliament adequate time to scrutinise tax and spend measures properly.

Savings trick: Use a regular saver to grab a minimum 4.3% return on your money as well as First Direct's £125 sweetener

Savings trick: The 8% Regular Saver from First Direct is a good option for those looking to save up to £3,600

Is it worth opening a First Direct account to grab the switching incentive and savings rate? It does if you want some free cash and an 8 per cent-paying regular saver that can generate 4.3 per cent on a lump sum. Lee Boyce takes a look at how it stacks up.

'We weren't told about the £450,000 exit fee': Thousands of firms are gearing up to fight over complex loans

Exit shock: When hotel owners Colin and Julie Aldous tried to get out of the contract they were told it would cost £450,000

The FSA has been investigating interest rate swaps. Colin Aldous and his wife Julie are among those complaining.

JAMES CONEY: Bank charges leave those in need treading a wary path through the debt minefield

James Coney

It is vital that borrowers are given the chance to make an informed decision about how they take on debt. People who suddenly fall into financial hardship should be supported by their bank, not a payday lender.

A 60% rise in the FTSE All-Share in the next two years? Optimism gathers pace and even the bears spot opportunities

Going for growth: William and Lynn Faith invest in a trust with VinaCapital Vietnam

At the start of 2013, with a number of potentially calamitous global events safely behind us, a message is repeatedly being sounded to investors: it is time to take more risk. But would you go so far as to invest in a Vietnam trust like William and Lynn Faith?

Investing strategies: Spotting the FTSE 100’s 10 highest dividend payers has track record of consistently outperforming the market

Top ten yielding stocks

Michael O’Higgins' Dogs of the Dow strategy picks the highest yielding blue-chip stocks, surmising they have been over-sold.

House prices flat in January but agents more upbeat about gains this year as lending scheme kicks in

Optimism: Estate agents expect the number of house sales to increase in 2013

Hometrack said 79 per cent of estate agents were more optimistic about the housing market in 2013 than they were a year ago as they believed the number of sales will pick up during the year.

'We secured a low-rate five-year fix': Home loan freeze is thawing - but not for first-time buyers without a big deposit

Wrapped up: Alistair and Liz Brown, with daughters, from left, Gabriella, Isobel and Maddy, with Amber the dog and Jester, have secured a low-rate five-year fix

In the past ten days, at least 12 lenders have cut rates on all or some of their home loans. Some, like Nationwide, Coventry and Skipton building societies, have been reducing rates almost weekly. Alistair Brown and his wife Liz have just remortgaged with NatWest to a five-year fix of 2.95 per cent.

'I was facing debts that felt unmanageable': Pensioners forced to release cash in their homes to pay mortgages and bills

Debt-free: Janet Wainwright chose to start an equity release plan with Stonehaven

An equity release lender has reported that a third of customers are switching debt from mortgages. Janet Wainwright chose to start an equity release plan to clear her debts.

'I'm thankful I had winter sports cover when I broke my leg': Third of skiers risk £3m bills without cover

Insured: Jane Francis is grateful for the insurance that covered the steep medical bills incurred after she broke a leg on a skiing holiday

A serious accident on the slopes could rack up a bill of £3million. One skier thankful she had winter sports cover is Jane Francis, 60, from Alfriston, East Sussex.

When will UK interest rates rise? Markets suggest Bank will not hike rates until 2014 at earliest

Bank of England in London

Record low rates let borrowers fix below 2 per cent. What next for mortgage rates and should you fix?

Houses and calculator

Mortgage rates are back at record low levels - with five-year fixes below 3 per cent and two-year fixes below 2 per cent. So is now the time to fix?

Our savings picks: This is Money's five favourite best buy cash Isas for 2013

number 5

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

New state pension age: when will you retire?

Senior man

We explain the upcoming rule changes to the state pension age. Find out when you will be allowed to retire

'We stand to benefit from pension changes': Is the new age of pensions good or bad for you?

Better off: Self-employed couple Hermione and Stephen Avila stand to benefit under the pension changes

Financial Mail sets out the key issues in reforms that could affect virtually every person in Britain who is aged 60 or under. Stephen and Hermione Avila (pictured) are in line for bigger pensions under the new rules.

'I won't be punished for being a mum': The winners and losers in the great state pension shake-up

Stay-at-home mother Kate Wilkinson and daughter Elsie

The state pension is about to get its biggest facelift in a century. Money Mail reveals who will be better off - and those who face a poorer old age. Stay-at-home mother Kate Wilkinson (pictured) is set to benefit.

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