• Bills

    EE hikes prices for millions of pay monthly mobile customers by 4.1% - and they can't leave without penalty thanks to the T&Cs

    Millions of EE mobile phone customers will see their bills rise by 4.1 per cent from next month, it revealed today. The telecoms giant is pushing up prices in line with the December Retail Prices Index measure of inflation from 30 March 2018.Customers with a pay monthly mobile or mobile broadband contract who joined EE or upgraded after 26 March 2014 will be affected. Price hike: All EE pay-monthly mobile and mobile broadband customers will see a 4.1% rise from 30 MarchThe exact increase will depend on the amount the customer is paying monthly but someone paying £30 a month, for example, can ...

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    Would you let your travel insurance track your location? New smart policy uses your mobile to insure you on the go - from just 99p a day

    Financial tech firm Revolut has launched a pay-per-day travel insurance policy that is automatically triggered by geolocation technology in your smartphone.Cover starts from 99p per day while travelling in Europe. But is this really the future of travel insurance - getting rid of the need to take out a policy ahead of a trip?  Geolocation: The tool uses your smartphone location to trigger cover automaticallyHere's everything you need to know about this 'smart' travel insurance policy. Who's the provider?Revolut is a 'digital challenger' - which calls itself a banking alternative - and it has already branched out into some unusual new areas, including a ...

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    Mining for bitcoin can cost a household £5,000 a year in electricity: How Economy 7 could be the tariff of choice for cryptocurrency geeks

    In recent months, the bitcoin explosion has seen scrutiny from different sources, including environmentalists.Concerns have been raised over the amount of electricity needed to mine bitcoin. There have been some shocking estimates.In November 2017, just before the price of bitcoin exploded to reach nearly $20,000 a coin from $1,000 it started the year at, Digiconomist estimated the power usage consumed to run the cryptocurrency was higher than the entire Republic of Ireland. Bitcoin bounty: Estimates have shown just how much energy is needed to mine the cryptocurrencySince then, with the digital currency seeing its popularity surging, the strain on the ...

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  • Bills

    We cancelled our Florida trip when my dad fell ill but our insurance claim was rejected because he went to hospital hours before the policy started

    Andrea Caldwell's travel insurance claim was rejected, even though she cancelled the holiday when the policy was activeWe had a family holiday booked last March to Disneyland in Florida and my father had paid for the whole trip for my brother and me and both of our families.Before the holiday I only had European travel insurance and therefore I contacted the insurer Insure and Go to buy a worldwide policy.As we were due to leave on the Tuesday, I bought and paid for the policy on the Sunday and arranged for it to begin on the Monday night at ...

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  • Bills

    The easy way to save up to £226 on your energy bills – WITHOUT switching providers

    Energy bills have been steadily rising over the past year and after a period of cold weather, millions of households across the UK will have seen an increase in their bills. The average amount paid by someone on a standard variable tariff with a Big Six provider is now £1,135 - but there are significantly cheaper options available. One of the easiest ways to cut your energy bills is by switching suppliers, which can knock off more than £300 on average annually.But there is a way to save money while remaining with the same supplier – up to £226 a year depending on ...

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    Parents are forced to plug gaps in the government's 'free' childcare scheme as nurseries start charging for extras to cover the funding shortfall

    Parents are being forced to fork out for childcare costs despite being eligible for the government's new 30-hour free childcare scheme, a new survey suggests.  The scheme, which was introduced in September, gives some three and four-year olds in England 30 hours of free childcare a week.But new data published today shows that only a third of childcare providers offering the scheme are doing so without extra fees and charges to parents. Nurseries and pre-schools charging parents more to pay for free government childcare hoursChildcare providers warn that the levels of funding from government are inadequate to cover costs, forcing them ...

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    'It felt like a burglary had taken place': Couple left horrified after their energy supplier broke in and changed their locks when a former tenant failed to pay a £227 bill

    Crisis: James Mant and Victoria Parsons were traumatised by a dispute with Scottish PowerAn energy supplier broke into a family home and changed the locks without the owner’s knowledge, because a former tenant had failed to pay a £227 bill.James Mant, 44, and Victoria Parsons, 41, have filed a claim against Scottish Power after a year-long struggle to resolve the issue.Having moved into the five- bedroom property 12 months ago, the couple received several letters from the energy firm chasing payments for electricity bills.Despite explaining to Scottish Power on numerous occasions that the £227.34 bill was owed by a ...

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    Smart meter rollout costing households £11billion to be investigated by government spending watchdog

    The costly drive to install smart meters in homes across Britain will be reviewed by the National Audit Office, it has revealed today.In 2016, the Government estimated that the rollout would cost £11billion and that all households would have one by 2020.With the Government deadline to install 53million smart meters now in just two years' time, figures show that 8.6million have been fitted so far – some 84 per cent below target. Watchdog: The NAO says it will assess the 'current economic case for the rollout of smart meters'The NAO will investigate whether the multibillion pound rollout with actually save ...

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    Could these seven tips to slash the cost of running your fridge-freezer? You'll need newspaper and empty bottles...

    Making good use: A full fridge uses less energy than an empty one - so long as it's easy to see what's in itRunning a fridge-freezer costs around seven per cent of your total energy bill, because it's one of the few appliances that you have to keep on the whole time.But there are a few tricks that you can try to shave off a bit off the cost. Some may only amount to a few pennies - others more. But at a time of year when energy bills tend to go up - and when we can least afford it ...

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    Here's why you may want to avoid the supermarkets on 22 and 23 December – and it's revealed Britons spend on festive tipples is surging

    The Friday and Saturday before Christmas could be the busiest supermarket shopping days in history, according to consumer panel Kantar Worldpanel.Christmas Day falls on a Monday this year and the last time that happened, in 2006, the Friday before was the most popular day for grocery shopping that year.Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, says that if we see a similar pattern in 2017, Friday 22 December is likely to win out as the 'grocers enjoy not only the biggest shopping day of 2017, but the most successful ever recorded.'He adds: 'Over Friday 22 and ...

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    Some parents will 'skip meals and say no to holidays' in order to buy Christmas gifts - and many would pay 30% premium to secure sold-out toys

    The true cost of Christmas for some has been laid bare by research showing some parents are willing to skip meals and sacrifice holidays in order to buy gifts.Revealing the pressure that parents feel under at this time of year, one in three admit to dipping into their overdrafts and savings to finance presents, with a fifth admitting it is a huge financial burden.One in five also do not save any money at all for Christmas gifts, according to the research from Barclays, despite some of the most sought after toys costing hundreds of pounds. Toy trouble: Research suggests that ...

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    'I was hounded by sales calls after using a prepaid funeral website to compare prices': Beware fake sites preying on the fear of funeral costs

    People searching for prepaid funeral plans online are being warned to avoid fake comparison websites that dupe customers into supplying names and telephone numbers.Most people looking to pay for their burial or cremation in advance do so to save their families the hassle, expense and heartache in future. But a lack of regulation over these plans and how they are sold has allowed for an eruption of websites claiming to be able to compare quotes.In reality, many are predatory number-catching websites known as ‘lead generators’. Telephone numbers entered into the website can then be passed on to companies that deliver ...

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    How much does our electric blanket cost to run? We're worried we'll have a massive energy bill next month

    How much does our electric blanket cost to run? We’ve started turning it on already because our house is quite cold but I’m worried it’s going to leave us with a big energy bill. Should I be worried about how much my electric blanket is costing me to run in the winter?Rebecca Rutt, of This is Money, replies: After an unseasonably warm October, the temperature has now dropped and households across the country will be looking for ways to stay warm.Along with turning the heating on, those with electric blankets may have already considered digging them out of the attic and ...

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    Cost of booze and fags has risen by 169% since 1997 - more than three times the rate of inflation - but clothes prices have halved

    The cost of alcohol and cigarettes has soared by 169 per cent and more than three times the rate of inflation since 1997, a new report suggests. While an analysis of official inflation statistics by financial planning firm Tilney doesn't give pounds and pence examples due to the complex nature of price data, a 20-pack of Benson & Hedges now costs £7.35 at leading supermarkets. That compares to the Tobacco Manufacturers' Association's average price of £3.12 in 1997 - the year of Cool Britannia, when the Spice Girls, Blur and Oasis were at the top of the charts, Tony Blair arrived in Downing ...

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    Can I cut my energy bills by turning off my fridge freezer at night or will the food spoil?

    If I turn off my fridge freezer overnight would I make any savings on my energy bills? Gerry Merritt, via email. Cutting costs: If I turn off my fridge freezer overnight can I save money on my energy bills? Rebecca Rutt, of This is Money, replies: Energy bills have been steadily rising over the past year and electricity costs have seen the biggest hikes.All of the Big Six energy providers have increased prices for customers with standard variable tariffs while many of the smaller firms have done the same.Now the temperature has also started to fall and households are using more energy, ...

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