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In the news - the money stories affecting your pocket this week

There’s been a lot going on in the world of money this week. But if you’ve missed anything, don’t worry as we’ve rounded up the biggest stories from our blog and beyond.

1. Energy customers missing out on huge savings

The Competition and Markets Authority (CMA) revealed 95% of dual fuel customers with the ‘big six’ suppliers could have switched their gas and electricity to cheaper tariffs, saving an average between £158 and £234 a year.

 

2. New tax allowance for married couples

Husbands, wives or civil partners can now register for a new Marriage Allowance which starts in April. If one partner earns less than £10,600 and the other less than £42,385, it will be possible to transfer part of the tax free allowance. The saving could be as high as £212 per couple.

3. Council tax the most common debt problem

Citizens Advice revealed council tax debt problems were its most common inquiries in 2014, overtaking credit card debt. Requests for help with rent, water and fuel debts also rose.

4. Lunch packs a saving

A survey by Vouchercloud revealed 62% of Brits buy their lunch each day, spending an average of £1,840 a year. Those taking a packed lunch instead were saving up to £1,300.

 

5. Universal Credit starts

The national roll out of Universal Credit started this week. By 2017, anyone who receives benefits such as Jobseeker’s Allowance or Working Tax Credits will have their payments merged into one single monthly amount.

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