The Money Saving Expert founder has issued a warning to savers as he explained how they could owe tax on their savings in just 12 months thanks to the surge in interest rates

Financial guru has issued a warning to Britons harbouring savings, as they may be hit with a significant tax demand due to the current interest rates offered by banks

The Money Saving Expert founder said tax on savings 'really has changed'

You might owe HMRC some money without even realising it

The average credit card purchase APR in October was 35.4%, according to Moneyfacts, and people whose balance isn't clear face bills of hundreds despite the Bank of England rate cut.