Overview

• Following June 1 base-rate cuts, Nationwide and NatWest have trimmed savings rates, though Nationwide will compensate eligible customers with a £100 Fairer Share bonus from June 18 to July 4.
• Lloyds Bank’s Club Lloyds account fee will increase from £3 to £5 per month on June 2 for customers depositing less than £2,000 each month.
• Universal Credit recipients will see a 1.7% payment rise from around June 12 under the standard uprating linked to recent inflation data.
• The Office for National Statistics will publish June’s inflation figures on June 18, ahead of the Bank of England’s next interest rate decision on June 19.
• Ofgem’s price cap will fall by 7% from July 1 to an average annual bill of £1,720, but homes on legacy meters must submit readings by June 30 before the Radio Teleswitch switch-off and the Mortgage Guarantee Scheme ends that day.