Energy bills now and in 2023 | recession proof your money and save £250

Hi,

The cost of our energy bills now and in the future continues to be a cause for concern and in this email you’ll find everything you need to know about the latest announcements and the support your energy firm can provide. There are also top tips to recession proof your finances, an important scam warning and up to £250 in broadband savings to be had. Plus you can get two tickets, worth £36, to the London Homebuilding & Renovating Show without paying a penny.
 
Energy price cap prediction updated again- today's new forecast
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It makes for grim reading but it’s essential you’re up to date with the latest predictions so you can budget accordingly.

Today’s energy price cap forecast The Moeny Edit analyses what the latest forecast means for how much your energy bills will cost from October.

Is it time to fix your energy deal? The Money Edit experts have crunched the numbers once again to give you the inside track.

What will happen to energy prices in 2023? The Money Edit gives you everything you need to know about what the latest predictions mean for the year ahead.

How your energy company can help you The Money Edit has spoken to all of the major energy firms to find out how you can access the financial support on offer.
 
Don't Pay UK: three essential things you need to know about the campaign
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In response to rising energy prices, a campaign group called Don’t Pay UK is urging households to refuse to pay their energy bills. Is it a good idea? We’ve asked the experts.
The Money Edit explains what happens if you don’t pay your energy bill
 
Five steps you can take today to recession-proof your finances
(Future PLC / Dominic Blackmore)
An economic downturn can make life harder for all of us. Whether you’re trying to feed a family, reducing your debt or planning for retirement – here are five straightforward steps you can take today to recession-proof your finances.
The Money Edit’s guide to recession proof your household finances
 
Cheap personal loan rates from 2.8% - use our eligibility checker
(GoCompare)
Borrowing could get more expensive after the Bank of England hiked the base rate. If you’re already thinking about getting a loan to pay for a big, planned upcoming expense, rates are low right now and there’s a risk they could go up. We’ll take you through the best ways to find one, but don’t borrow on a whim as you can get burnt. Only do it for something you need, ensure it’s affordable and pay it back as quickly as possible.

We’ve listed some of the best rates below but first use the eligibility checker from our friends at GoCompare. With it, you input basic details and it checks your chances of getting accepted before you apply and doesn’t impact your credit score.

Here are some of the cheapest personal loan rates right now (links go via the eligibility checker).

Fixed monthly payments on £3,000 over 3 years
M&S Bank | 2.8% Representative APR
Novuna | 3.1% Representative APR

Fixed monthly repayments on £10,000 over 5 years
M&S Bank | 2.8% Representative APR
Cahoot | 2.9% Representative APR

Rates are lower on higher amounts but that’s not an excuse to overspend. Use GoCompare’s loan eligibility checker
THE BIG MONEY-SAVERS
 
How to spot the latest test and trace scam
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Scammers are using Covid contact tracing as a means to trick people out of their cash with test and trace scam text messages. We’ve intercepted the latest fake ‘trace alert’ text.
The Money Edit reveals what the test and trace scam looks like and how to deal with it.
 
Avoid paying £60 - £100 more per month for your mortgage
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A must-read if you’ve got a mortgage. The Bank of England has hiked interest rates meaning your mortgage could soon set you back an extra £60-£100 per month. Now is the time to fix but the best deals typically only hang around for little more than a couple of weeks.
The Money Edit explains how to remortgage your home for less and reveals some of the best deals this month
 
Are you missing out on a £250 saving?
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Just 55,000 out of the 4.2million who are eligible are signed up to these little-known broadband packages from big name firms like BT, Vodafone, Sky and Virgin.
Use The Money Edit to find out if you’re eligible and switch to cheaper broadband today.
 
Top savings accounts this week | up to 1.75% easy access | 3.3% fixed
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The Bank of England hiking the base rate isn’t all bad news, savings accounts are slowly becoming more and more competitive. We’re regularly scouring the market and updating our website with the best savings rates
The Money Edit reveals the best savings accounts
 
Important Look After My Bills scam warning
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We have been notified that a third party is texting individuals claiming to be associated with Look After My Bills and stating payment is required to receive our newsletters. This is not Look After My Bills and it is fraudulent activity.

Look After My Bills doesn’t charge you any fee and this money-saving newsletter will never cost you a penny to receive.

If you receive a text like this, report it to your mobile network for free by forwarding it to 7726. If you’ve lost money as a result of responding to a scam text message:

  • Report to Action Fraud by calling 0300 123 2040 or visiting www.actionfraud.police.uk/contact-us; and 
  • Report the fraud to your bank, it should be able to recover some or all of the money you lost.

You can find more information on the Money Edit on how to report a scam and get your money back.
MORE MONEY-SAVING
 
EXCLUSIVE OFFER: Get two tickets, worth £36, to the London Homebuilding & Renovating Show without paying a penny
Visit the show in London and save with exclusive offers and discounts on thousands of products, speak with industry experts on how to fund your project and learn key tips on how to avoid the most common mistakes. New to the show is Home Energy Hour, with talks designed to inform you of the latest trends and advancement in home energy and help you to make your home leaner and greener.
Get your complimentary Homebuilding and Renovating Show tickets here
 
In case you missed it… Are you missing out on a £252 tax break?
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According to HMRC, around two million couples could be missing out on this. And claims can be backdated up to four years before this tax year, meaning you could be owed a cheque worth up to £1,242.
The Money edit can help you find out if you’re one of two million couples missing out on this tax break
 
Deal of the day from TechRadar: Sky Sports Premier League & Football channels: Existing Sky customers | £18 a month | 2 for 1 offer
(Sky)
If you’re already a Sky customer and a football fan you can get all set for another season of football coverage with this Sky TV upgrade deal, getting both Sky Sports Premier League and Football channels for £18 a month and getting access to more than 400 fixtures.
Head over to TechRadar to get this 2 for 1 offer for existing Sky customers
BILL-BUSTING

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