Yet again consumers are being hit where it hurts – in the pocket. November will see a range of both hikes and cuts to watch out for. That, coupled with the recent increase in inflation, means we need to be more vigilant than ever to look after the pennies at every available opportunity. Here are the changes that will hit your pocket:
5 changes to look out for in November
- Santander will halve the interest rate on its flagship 123 current account from 3 per cent to 1.5 per cent from November 1.
- Waitrose will increase the minimum weekday spend for the free newspaper offer from £5 to £10 from November 1. The supermarket is also asking its customers to buy something before they get a free tea or coffee – currently trialling in eight stores.
- On November 4, a range of price hikes will kick in for Talk Talk customers including; line rental increasing from £17.70 to £18.95. Tariff prices and fees are also going up, including Simply Broadband £7.50 to £9, Essentials TV £10 to £11.50, Plus TV £20 to £21.50, call connection fee 17p to 18p, UK out of bundle 11.5p per minute to 12.5p a minute.
- Ryanair will reduce its check-in window for both new and existing customers who do not reserve seats from 7 to 4 days from the November 1. Travellers will have to pay £6 to check-in more than four days before their flight.
- Virgin Media price increases also take effect on November 1 with bills set to rise by an average of 5.1 per cent.
10 changes to watch out for from December
- Halifax will reduce the rate on its junior cash ISA from 4 per cent to 3 per cent from December 8 – four times the Bank of England base rate decrease at 0.25 per cent.
- On December 8, interest on Lloyds Instant Saver and Instant Cash Isa will fall from 0.25 per cent to 0.05 per cent.
- Halifax will also cut the rate on its Instant Saver and Instant Isa Saver from 0.25 per cent to 0.05 per cent on December 8.
- NatWest Black credit card holders will have their travel insurance and extended warranty benefits slashed from December 31 and the home emergency service perk removed from March 31.
- Lloyds Bank will cut its Club Lloyds credit interest rate from 4 per cent to 2 per cent on January 8.
- TSB will reduce the 5 per cent rate on its Classic Plus account to 3 per cent on January 4.
- British Airways will cut free meals on short-haul flights for economy customers from January 11 travelling from Heathrow and Gatwick.
- Merlin Entertainment will stop offering free entry for Blue Peter Badge holders from January 2017.
- Halifax will cut its £5 monthly reward payment on its Reward current account to £3 on February 1.
- From February 1, Bank of Scotland Rewards and Ultimate Rewards account will pay £3 a month, down from £5.
Thanks to Money.co.uk