Jenny Ross: Last News

Lloyds Banking Group has announced its plans to close down 45 branches including Halifax and Bank of Scotland branches.

Car insurance customers face a growing divide between those paying monthly and annually, according to Which? The consumer group said those customers who can often least afford to pay "over the odds" may end up paying around an extra £300 on average.

Barclays will undergo another wave of closures as 14 more branches across England and Wales will shut down.

UK holidaymakers could find themselves unprotected against cancellations caused by strikes as the consumer group Which? found that nearly half of insurance police don’t cover industrial action. According to analysis by the group of 199 packages by 71 providers, 40 per cent did not provide cover for strikes.

money out are at risk of losing cash. It comes as consumer watchdog Which? warned of a crisis after its research revealed a quarter of cash machines have vanished.In the last seven years it found 4,685 bank branches had closed with a further 226 set to disappear by the end of the year.Which? found 17 Parliamentary constituencies with "particularly poor" access to cash such as Sheffield Hallam and South Yorkshire.Other areas which have been stripped of bank branches include Bradford South, Erith and Thamesmead and Liverpool West Derby.According to the study, the elderly and those in rural areas who most relied on cash were also the most likely to be affected by it.Countryside areas had just 0.1 bank branches per 10sq km and 1.1 ATMs, compared with 2.6 branches per 10sq km in urban areas.The watchdog is now calling on the Government to speed up its two year old promise to protect cash with legislation.Jenny Ross, Which? Money editor, said: "While many consumers have embraced digital banking, there are still millions, including the elderly, vulnerable and isolated, who aren't yet ready or willing to make that switch – and they must be protected."Our research highlights the devastating impact widespread bank branch and ATM closures have had on communities.

People are being warned over a worrying scam that is sweeping the UK. The '419' scam is becoming increasingly common, and is even catching out people who think they're clued up on fraudulent activity.

biggest banks HSBC has said it will shut 69 bank branches as it shifts to online banking 'because Brits prefer it.'The big move will see branches shut up and down the country and will affect around 400 staff. Speaking after the announcement, HSBC said it would try to replace the shuttered branches with other banking services, like new cash machines and pop-up outlets.It said fewer than half its customers are active users of its branches, and that average footfall was down 50% since 2017 reports the Mirror.

In just a few weeks, the Brexit transition period will end and Britain will officially leave the European Union.