The Money Drop: your weekly wallop of financial fun

Image of a tsunami of money
A very literal tsunami of money
"British Gas revealed that its electricity prices would be going up by 12.5% as of 15 September. Time to make a switch?"
  • | by Kristian Dando

Welcome to the Money Drop! It’s where we gather the ripest financial news of the week, squish it down, boil off the excess and present it to you in a highly concentrated form.

In the news this week…

BONG!

Consumers are wasting £2bn a result of being too nice. That’s the findings of a sizzling piece of research from GoCompare and top academic Dr Joe Gladstone published this week. Want to know more? Course you do.

BONG!

This leads us nicely to our next news nugget – Energy UK, the organisation representing (surprise!) the UK energy industry reckons that energy switching has increased 14% from last year, with three million households taking their gas and electricity trade elsewhere by the end of July. Bravo!

BONG!

Much to the dismay of some, animal fats are set to remain a fixture of the new polymer banknotes. The alternative – using palm oil – wouldn’t be great for conservation, according to the Bank of England.

BONG!

London’s housing market slowdown is spreading to the south-east and pulling down average price growth, despite buoyant activity elsewhere, according to the Royal Institute of Chartered Surveyors.

BONG!

Loads of people waiting for tax rebates have been left in something of a huff after the HMRC website went into meltdown.

BONG!

Waitrose has joined Tesco in reducing the price of its sanitary products by 5%, taking the hit on the so-called ‘tampon tax’ for consumers.

BONG!

Research from the Institute of Fiscal Studies found that men from poorer backgrounds are more likely to be single in their early 40s than those from rich backgrounds.

That’s your lot for this week. Join us next week for another belt-tightening edition of the Money Drop