A group of TSB customers have launched a landmark legal battle by suing the bank for allegedly locking them into “excessively high” mortgage rates for years. The deals cost them up to £30,000 in extra interest and the bank could face a total compensation bill of up to £75 million. About 15,000 “mortgage prisoners” are…

Ryanair has renewed its calls for the dismissal of the head of UK airspace after 100 flights and 16,000 passengers were affected by problems with air traffic control at Gatwick airport. Turmoil over the weekend at London’s second airport affected about one in eight scheduled services, prompting the budget airline to tell Louise Haigh, the…

Energy suppliers are on course to file a record number of winding-up petitions against business customers this year as companies struggle with soaring energy costs. There have been more than 400 attempts by suppliers to shut down companies to reclaim their energy debts over the past decade, according to court filings. The vast majority were…

Most people who want to teach their children about the value of money might open a bank account for them or start paying them to do chores. When TJ Atkinson decided it was time his niece learnt about money, he bought her a house. Atkinson, 38, who is a financial coach and property investor, has…

Keeping old coal power stations open to bolster electricity supplies this winter could cost consumers £420 million, National Grid has revealed. The company responsible for keeping the lights on has signed deals to delay the closure of EDF’s West Burton A plant in Nottinghamshire and the coal-burning units at Drax’s eponymous power plant in Yorkshire….

The clock is ticking to secure the best savings rates before they vanish completely after a surprise interest rate cut on Thursday. The Bank of England has decreased the base rate for the first time in more than four years, to 5 per cent from 5.25 per cent, firing the starting gun for savings rate…

Last week a man who crashed into two women while cycling drunk — causing one to have a finger amputated — was spared jail by a judge. The cyclist had no insurance and the women did not get compensation. Should the rules be changed? We seek opposing views. Steve McNamara, general secretary at the Licensed…

Whether you are brand new to investing or a seasoned pro, it’s worth remembering that there are several traits that can help you to become a successful long-term investor. It is useful to practise good habits to give you as much chance as possible of growing your wealth. Here are some of the key characteristics…

Taxes are set to rise as the chancellor scrambles to fill what she says is a £22 billion black hole in the public finances. This week Rachel Reeves scrapped winter fuel payments for millions of pensioners and a planned cap on care costs. The new chancellor has warned she has little choice but to increase…