National insurance | borrowing costs | mini budget latest


It’s a busy week. National insurance changes, The Bank of England has hiked interest rates again and there’s a mini budget tomorrow which is expected to cut even more taxes – among other things. We’ve detailed everything you need to know plus the latest on cost of living payments and the best paying savings account in seven years.
National Insurance increase reversal - what will it mean for your take home pay?
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The reversal of the National Insurance hike introduced in April has been confirmed by the Treasury before Friday’s mini budget. We explain what is happening, when it’s happening and what it means for your take home pay.
The Money Edit’s explains what the NI change means for your take home pay
Stamp duty, income tax, NI and energy bills - what will tomorrow's mini budget mean for your money?
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The new chancellor is set to announce a range of tax cuts on Friday as part of a ‘mini budget’. Here are the latest rumours and likely changes. We’ll also send you an exclusive email tomorrow stuffed full of analysis to help you make sense of what it all means for the pounds in your pocket.
The Money Edit reveals what the government has planned for your money
What today's interest rate hikes means for your mortgage, savings and borrowing
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The Bank of England has hiked rates to the highest level since 2008. We explain what it means for your mortgage, debt and savings and what you can do to take back control.
The Money Edit explans what the base rate hike means for you.
How the beat the rising cost of borrowing on credit cards
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The latest Moneyfacts UK Unsecured Lending Trends Treasury Report, which studies the UK personal finance market has found the average purchase APR on credit cards has reached a record high.

You can take action today to reduce the cost of your credit card debt by shifting it to a balance transfer card so you’re charged 0% interest while you pay it off. You will need a good credit score to get the top deals. Always check your credit score before making any applications for a loan or card.

You can use the eligibility checker on our sister site GoCompare (select 0% balance transfer on the drop down menu) to see how likely you are to be accepted.

Here is one of the longest interest free period offers and unlike many others, two HSBC cards that offer set interest free periods.

  • Sainsbury’s Bank Credit Card | up to 34 months 0% interest | 2.88% transfer fee | 21.95% APR after 0% period Potentially the longest interest free period but be aware if your credit score isn’t great you could be offered less time to pay off the balance before you’re charged interest. Check to see if you can get the Sainsbury’s Bank deal via GoCompare’s eligibility checker now or apply directly with Sainsbury’s Bank.
  • HSBC Balance Transfer Card | 33 months 0% interest | 2.84% fee | 21.9% APR after 0% period The longest guaranteed interest free period if you’re accepted. Check to see if you can get the HSBC card via GoCompare’s eligibility checker or apply directly with HSBC*.
  • HSBC Balance Transfer Card | 28 months 0% interest | 1% fee | 21.9% APR after 0% period The longest guaranteed interest free period with a lower fee. Check to see if you can get the HSBC card via GoCompare’s eligibility checker or apply directly with HSBC*.

If you get a 0% interest balance transfer card, always pay off the minimum amount each month and don’t spend on it. Aim to clear it before the 0% period ends, as interest payments will shoot up after. If accepted, the actual 0% period you get can depend on your circumstances, while fees mentioned are a percentage of the amount transferred.

Look After My Bills has partnered with GoCompare to help you compare lenders and credit cards to find the right deal for you on its website.

*When you sign up via this link, we may earn an affiliate commission from this deal.

The dates you need to know for cost of living payments and discounts
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Millions of cash strapped households are in line for payments of up to £1,500 as part of the government’s £15 billion cost of living package – but who gets what and when? Here’s what you need to know.
The Money Edit shares the key dates you need to know for your cost of living payments
How much does it cost to run an air fryer and is it cheaper than a microwave?
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The air fryer cooks food using hot air, much like a convection oven. It is smaller and more compact than a traditional oven, but does that make it cheaper top run – especially as energy bills are still sky high?
Good to Know shares how much it costs to run an air fryer
Earn 4% on fixed savings - the best rate in seven years. Plus, bag 1.85% for easy access
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Savings rates are paying out the best they have in almost a decade – make sure your money is working for you. We’re regularly scouring the market and updating our website with the best savings rates
The Money Edit reveals the top savings accounts this week

When are the next rail strikes and can you get a refund?
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New train strike dates have been announced, we explain when they are and what your rights are when it comes to getting your money back if you cannot travel.
The Money Edit reveals when the next rail strikes are due to happen and how you can get your money back
In case you missed it… Can you save up to £1,060 per year on your energy bills? Check if you can get an insulation grant
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Home insulation grants can help you afford loft and cavity wall insulation which could save up to £1,060 per year on your energy bill. We detail what financial support is available and how you can do it yourself.
The Money Edit explains where you can get help paying for home insulation