Martin Lewis is a public figure known for consumer finance advocacy in the UK. He hosts money-saving guidance and has led campaigns on budgeting, debt, and lending rules.
Ofgem has confirmed the energy price cap will increase by 13% from July, pushing typical annual bills to £1,862. The shift is driven by higher wholesale gas prices amid the Middle East conflict. About 40% of accounts are on fixed tariffs and are unaffected. Households are advised to consider fixed deals and smart-meter off-peak pricing.
The UK faces a surge in AI-generated deepfake content impersonating public figures, linked to online scams and misleading ads. Officials urge vigilance as regulators consider mandatory labeling.
The National Audit Office has warned that the British Council continues to lose money six years after the pandemic and is unlikely to return to profit before 2029-30. The government loan of 197m remains outstanding, with negotiations on repayment and a plan that could include significant staff reductions and office closures. Ministers, the FCDO, and the Council are negotiating a long-term solution.
The SAVE income-driven repayment plan has ended and servicers have begun notifying roughly 7–7.5 million borrowers that they have 90 days from their notice to choose a replacement. New Department of Education rules that took effect on July 1 have created a Repayment Assistance Plan and a Tiered Standard plan, tightened graduate and Parent PLUS borrowing caps, and added a temporary autopay interest discount.
A tech-backed analysis has found that bars and breweries saw an 8% revenue uptick during the World Cup group stage, driven by late-night demand. Host cities outperformed the national average, with notable spikes in Boston, Philadelphia, Seattle, and the New York metro. Non-alcoholic drinks and food orders also rose as chains rolled out promotions.
UK regulators are expanding Buy Now, Pay Later oversight. From July 15, BNPL providers must be authorised by the FCA, undergo affordability checks, and offer clearer information and complaint routes. The changes aim to protect consumers while preserving access to flexible payments.
EasyJet has reported a sharp drop in pre-tax profits for the quarter, hit by a surge in jet-fuel costs following the Middle East conflict. The group says bookings remain volatile and its takeover battle in the background continues to unfold as two US private equity firms vie for ownership.
A new documentary uses archival Wham! footage to examine the 1985 China tour, its tensions with director Lindsay Anderson, and the broader cultural moment as China opened to the West. Ridgeley and Michael are featured, with new interviews and unseen material that cast their trip in a provocative light.