The latest Money blog by The Mirror has compiled essential updates in consumer and personal finance that everyone should take note of today.
Savers are facing disappointing news as Moneyfacts data shows a decrease in the average savings rate from 3.40% to 3.35% in January, marking the lowest rate since May 2023.
Tesco has introduced an exciting Clubcard update allowing customers to triple the value of their Clubcard vouchers at selected restaurants, including ASK Italian, Bella Italia, and others.
Consumer group Which? has released rankings of energy suppliers in the UK, with Scottish Power at the bottom due to poor complaints handling. In contrast, lesser-known supplier E scored well with an overall rating of 79%.
The recent imposition of tariffs on US imports by the President has led to global repercussions, impacting UK companies exporting to the US and potentially causing job losses.
Savers are feeling the pinch as savings rates continue to decline, with the average rate dropping to 3.35% in January, the lowest since May 2023, following a base rate cut by the Bank of England.
The construction sector faces challenges as Caldwell Construction Limited goes into administration, jeopardizing over 400 jobs amid tough trading conditions.
The UK housing market has started the year with a significant boost, with record-breaking price surges reported by property website Rightmove, indicating a strong start to 2023.