Money
Nationwide, Halifax and Lloyds Bank reduces mortgage rates after Bank of England interest cut – see the full list
MORTGAGE lenders have raced to slash their rates after the Bank of England cut interest rates to 4.75% this afternoon.
This move will immediately benefit thousands of mortgage customers with Halifax, Lloyds Bank, and Metro Bank, who will see a decrease in their repayment amounts.
Plus, customers with Barclays, Coventry Building Society, Leeds Building Society, Nationwide, NatWest, Skipton, and Virgin Money can also expect changes in the coming days and weeks.
It comes after several lenders cut their fixed mortgage rates in anticipation of interest rates falling for the second time in four years.
For example, Santander and Accord mortgage cut their fixed-rates by up to 0.36%.
Earlier this afternoon, the Bank of England‘s (BoE) Monetary Policy Committee (MPC) cut the base rate by 0.25 percentage points from 5% to 4.75%.
Lenders use the base rate to set their interest rates for savings and borrowing costs, including mortgages.
This reduction means millions of mortgage holders will see their bills decrease.
The central bank’s decision comes after the Office for National Statistics (ONS) reported that inflation stood at 1.7% in September, well below the BoE’s 2% target.
Interest rates had previously risen from historic lows of 0.1% in December 2021, peaking at 5.25% in July 2023, as part of efforts to reduce inflation to the Bank’s target.
A fall in interest rates usually leads to a decrease in mortgage interest rates.
However, the reduction you’ll see depends on the type of home loan you have.
Those on tracker and standard variable rate (SVR) mortgages typically see an immediate change in payments.
A tracker mortgage is a type of variable mortgage where your monthly payments rise and fall in line with the Bank of England base rate.
With a tracker mortgage, you’ll usually pay the base rate plus an additional percentage in interest each month.
A standard variable rate mortgage is what you revert to once any initial mortgage term ends.
This rate will change in line with the base rate and is usually higher than any initial introductory rate.
There are currently 643,000 customers on tracker mortgages and 624,000 on SVRs.
TotallyMoney states that today’s 0.25% rate cut will immediately save homeowners £32 a month or £382 a year on the average tracker mortgage.
Those on fixed-rate mortgages won’t see any changes until their deals end and they take out a new one.
Even if your lender has cut rates, the date your repayments actually change will depend on when your payment is due.
We’ve listed all the lenders cutting mortgage rates below.
BARCLAYS
All of Barclays’ UK residential and buy-to-let mortgage products are fixed or otherwise track the BoE base rate.
Therefore, whenever the base rate goes up or down, customers on tracker rates will see their interest rate change accordingly.
If you’ve got a tracker or variable rate mortgage with Barclays, your mortgage rate will fall by 0.25% on December 1.
For new customers, the rates will be amended from November 8.
The lender’s fixed-rate mortgages remain unchanged.
COVENTRY BUILDING SOCIETY
Following the Bank of England Base Rate change, all Coventry Building Society mortgages that track the Base Rate will automatically decrease by 0.25%.
This will take effect from 1 December.
The building society said that all the rates offered on its standard variable mortgages are currently under review.
The lender’s fixed-rate mortgages remain unchanged.
HALIFAX
Where a customer has a mortgage that tracks the bank base rate, their rate will be cut with immediate effect in line with their terms and conditions.
The Halifax Homeowner Variable Rate (HVR), currently at 8.49%, will decrease by 25 basis points to 8.24%.
The Halifax Standard Variable Rate (SVR), currently at 8.49%, will also decrease by 25 basis points to 8.24%.
The changes to the SVR rates above will come into effect for existing customer accounts from December 1.
The lender’s fixed-rate mortgages remain unchanged.
LLOYDS BANK
Where a customer has a mortgage that tracks the bank base rate, their rate will be cut with immediate effect in line with their terms and conditions.
The Lloyds Bank Homeowner Variable Rate, currently at 8.49% will decrease by 25 basis points to 8.24%.
The Lloyds Standard Variable Rate, currently at 7.00%, will decrease by 25 basis points to 6.75%.
The changes to the SVR rates above will come into effect for existing customer accounts from December 1.
The lender’s fixed-rate mortgages remain unchanged.
METRO BANK
A Metro Bank spokesperson said: “In line with the Bank of England decreasing the base rate from 5% to 4.75% we’re updating all retail mortgage products that track the Bank of England base rate.
“We are confident that our wide range of mortgages continue to meet our customers’ needs but we encourage anyone who may be worried about their payments to get in touch to discuss their options.”
These changes have come into effect immediately and will be reflected in your next monthly payment on impacted accounts.
Metro Bank said it would formally confirm the changes on its website, and all impacted customers would receive communications about them over the next couple of days.
The lender’s fixed-rate mortgages remain unchanged.
NATIONWIDE
Mortgage customers on Nationwide’s standard mortgage rate (SMR) will decrease by 25 basis points.
The new SMR of 7.49% will come into effect on December 1.
Rates on tracker mortgages held by existing customers automatically decrease when the Bank rate is cut, so these will decrease to reflect the Bank rate change from December 1.
The lender’s fixed-rate mortgages remain unchanged.
NATWEST
A NatWest spokesperson said: “Following the Bank of England base rate cut, we will be passing on the rate cut in full to our customers on a standard variable rate (SVR) mortgage.
“The SVR will be reduced from 7.99% to 7.74%, effective from December 1.
“SVR customers may also be able to save money by switching to one of our fixed-rate mortgages.”
The lender’s fixed-rate mortgages remain unchanged.
SKIPTON BUILDING SOCIETY
Customers who have mortgages which track the Bank of England base rate will see their account interest rate change in line with their terms and conditions.
For most base rate tracker products, rates will be decreased no later than 14 days from today (November 7).
Skipton’s current, on sale base rate tracker mortgage products will continue to be available until 10pm on Sunday, November 10.
The new rates reflecting the 0.25% Bank of England base rate cut will be available from Monday, November 11.
The lender’s fixed-rate mortgages remain unchanged.
VIRGIN MONEY
Virgin Money is writing to customers who have a mortgage directly linked to the Bank of England base rate to confirm their new monthly mortgage payment and interest rate.
Any new rates set will take effect from January 1.
The lender’s fixed-rate mortgages remain unchanged.
How to get the best deal on your mortgage
IF you’re looking for a traditional type of mortgage, getting the best rates depends entirely on what’s available at any given time.
There are several ways to land the best deal.
Usually the larger the deposit you have the lower the rate you can get.
If you’re remortgaging and your loan-to-value ratio (LTV) has changed, you’ll get access to better rates than before.
Your LTV will go down if your outstanding mortgage is lower and/or your home’s value is higher.
A change to your credit score or a better salary could also help you access better rates.
And if you’re nearing the end of a fixed deal soon it’s worth looking for new deals now.
You can lock in current deals sometimes up to six months before your current deal ends.
Leaving a fixed deal early will usually come with an early exit fee, so you want to avoid this extra cost.
But depending on the cost and how much you could save by switching versus sticking, it could be worth paying to leave the deal – but compare the costs first.
To find the best deal use a mortgage comparison tool to see what’s available.
You can also go to a mortgage broker who can compare a much larger range of deals for you.
Some will charge an extra fee but there are plenty who give advice for free and get paid only on commission from the lender.
You’ll also need to factor in fees for the mortgage, though some have no fees at all.
You can add the fee – sometimes more than £1,000 – to the cost of the mortgage, but be aware that means you’ll pay interest on it and so will cost more in the long term.
You can use a mortgage calculator to see how much you could borrow.
Remember you’ll have to pass the lender’s strict eligibility criteria too, which will include affordability checks and looking at your credit file.
You may also need to provide documents such as utility bills, proof of benefits, your last three month’s payslips, passports and bank statements.
Money
How to switch to an underrated career in youth work as demand rapidly rises
IT’S a service used by more than four million people nationally that radically changes lives, but youth work remains one of the UK’s most underrated careers.
The sector currently employs around 70,000 people in 8,500 organisations, helped by an army of 180,000 volunteers.
Taking place in youth clubs and other community settings, youth workers provide support, guidance, life and employability skills for young people aged eight to 19, and young adults up to the age of 25 with additional needs.
Despite demand for youth work services rapidly rising — with two-thirds of organisations reporting more young people turning to them – most are struggling to attract new staff.
Budget cuts mean 4,500 jobs have been lost and 760 centres closed in the last ten years because of lack of local authority investment.
However, the new Government has pledged to rollout a “young futures programme”, which will need an influx of new workers to help young people.
This week is National Youth Work Week, which aims to raise awareness of the life-changing difference youth workers make to young people.
Jamie Masraff is CEO of national youth charity OnSide, which builds multimillion-pound “youth zones” in disadvantaged areas.
He explains: “With so many young people facing anxiety, loneliness and isolation, youth workers have never been more important.
“Youth Work Week celebrates the crucial role youth workers play and highlights how rewarding a career it can be.”
Harry Wills knows how important youth workers can be for young people because they gave him the support he needed as a teenager.
The 31-year-old from West London is now a manager at OnSide’s WEST Youth Zone, based in White City, London, which has more than 2,500 members.
Harry said: “When I was 13, I was getting in trouble at school and was placed in foster care. I felt overwhelmed and worried that my carers might stop looking after me.
“My local youth club was a safe, consistent space in my life and the youth workers were the trusted adults I needed.
“I tried a few different jobs until my social worker suggested a youth work apprenticeship.
“On my first day in the job everything clicked into place. I love helping to build young people’s confidence, helping them on their way to finding out who they want to be, there’s nothing more rewarding.”
There are three main ways to become a youth worker.
Most people begin by volunteering with a local organisation.
To become a youth support worker, you need a Level 2 or 3 certificate, or a Diploma in Youth Work Practice.
These qualifications are great for people already working in a youth setting.
To be a professional youth worker, you’ll need to study for a Level 6 qualification, including the newly launched Level 6 Youth Worker Apprenticeship.
As well as changing lives for the better, youth work can also provide a long-term career.
A recent study by the National Youth Agency, the national body for the profession in England, found that more than half of youth workers have worked in the sector for ten or more years, while 37 per cent are highly qualified professional youth workers.
NYA boss Leigh Middleton said: “There have been some huge challenges, but we are beginning to see a step-change in how youth work is perceived and valued.”
Festive jobs galore
NEED some extra cash for Christmas? There’s still time to bag a festive job.
Frasers Group – owner of top brands including Sports Direct, Frasers, Flannels and Game – is taking on 4,000 staff nationwide.
A spokesperson, said: “These seasonal retail roles offer an amazing opportunity to kickstart careers in retail.
“We seek high energy and customer service-obsessed people, and they are rewarded with a great workplace and benefits.”
Find out more – and apply – at frasers.group/careers/jobs.
easyJet proves a force for good
IT’S Remembrance Sunday this week, when we honour the sacrifices made by our Armed Forces.
Around 20,000 people leave the forces each year, equipped with highly transferable skills.
To support these service leavers, easyJet has now teamed up with ex-forces employment platform weServed to hire morte veterans.
Hugh Andree, of weServed, said: “We’re proud to help create a pathway for UK veterans to explore new job opportunities, from aircraft engineers to cabin crew.”
The campaign is backed by former SAS hero, turned novelist, Andy McNab, who said: “We know it can be a challenge for veterans to find the right career fit.
“But easyJet understands the value of their skill sets and can support them with new and rewarding career journeys.
Time for serious payback
A THIRD of people are seeking to switch to a career with more purpose, with helping others to improve their lives the most popular route.
Careers expert John Lees is working with the Probation Service to promote the role of Community Payback supervisors, who support offenders to improve their communities.
Here are John’s tips to find a more purposeful career.
1. Find your passion: Understanding what gets you out of bed in the morning is crucial if you’re looking for a career with more purpose.
2. Take some time to list things you’re passionate about and you can find a career that fits almost any passion.
3. Identify transferable skills: Your previous experience can be of use in a totally different industry. For example, if you’ve worked in customer service it is likely that you have the skills to diffuse situations and communicate with empathy.
4. Be creative: Your next role might not be obvious, and you’ll need to think creatively about how you can pair your passion with your career. If you love the outdoors, why not consider a role in Community Payback, where you’ll be able to spend time in nature while you give back to your community.
5. Become your own biggest advocate: Be confident in selling yourself. Note three key skills you have and practise discussing these, then, look through the job description and pick out three requirements for the role that you have experience in. Being able to discuss these with confidence will give you a great chance in any interview.
6. Take your time: The biggest mistake people make when changing careers is making a rushed decision. Take time to consider your options and lean on people close to you who can act as a sounding board.
- Search Community Payback jobs online to find out more
Job spot
PET specialist Jollyes is hiring sales assistants, supervisors and store managers nationwide.
Money
‘Absolutely lush’, Aldi fans flock to stores to clear shelves of 99p packs of Jaffa Cakes with very surprising flavour
ALDI fans are running to stores to get their hands on 99p packs of Jaffa Cakes that are a very surprising flavour.
A savvy sweet treat fan shared the bargain find on the popular Extreme Couponing and Bargains UK Facebook group, where users frequently post the best deals they find in stores across the country.
The shopper raved after a country-favourite biscuit – or cake – scanned for only 99p in a “lush” flavour.
Bargain supermarket Aldi are selling Belmont cherry bakewell flavoured Jaffa Cakes – and customers can’t get enough.
The treats appear to have a white icing on the top with stripes of chocolate.
And then the inside is filled with what looks to be a cherry jelly.
The shopper’s Facebook post to the UK bargain group received hundreds of likes and comments from fellow chocolate fans.
One user said: “Yes please!”
Another commented: “These look lovely.”
And: “I need them!”
Others were tagging their friends, saying “these have your name all over them!”
Another user commented: “Bet these are nice.”
It comes after Aldi confirmed it axed a popular chocolate treat.
The poster wrote: “Please don’t say that you have discontinued the Moser Roth vegan blonde chocolate??”
The fan favourite, part of Aldi‘s chocolate line Moser Roth, is a white organic cocoa bar made with rice powder and almond paste.
The 100g bars, which are sold out on the Aldi website, sold for £1.49 each.
The poster added: “There are literally forums dedicated to how amazing this chocolate is. Everyone is trying to get hold of it…. Please bring this back!”
An Aldi spokesperson replied to the disgruntled vegan, confirming that the chocolate had indeed been permanently removed from supermarket shelves.
The comment read: “We can confirm this product has been discontinued. We will certainly pass on the love for this product back to the relevant team.”
However, the original poster was left unsatisfied, adding: “Aldi was building a really good reputation for vegan and free-from — but unfortunately in the last 6 months or so that’s no longer the case with more products disappearing.
“Tesco has sadly now taken over this crown.”
To this, the spokesperson reiterated that they were “sorry again for any disappointment caused”.
The update comes after the budget supermarket chain was also forced to axe its much-loved Salted Caramel teabags, which scanned for just 69p a pack.
How to save money on chocolate
We all love a bit of chocolate from now and then, but you don’t have to break the bank buying your favourite bar.
Consumer reporter Sam Walker reveals how to cut costs…
Go own brand – if you’re not too fussed about flavour and just want to supplant your chocolate cravings, you’ll save by going for the supermarket’s own brand bars.
Shop around – if you’ve spotted your favourite variety at the supermarket, make sure you check if it’s cheaper elsewhere.
Websites like Trolley.co.uk let you compare prices on products across all the major chains to see if you’re getting the best deal.
Look out for yellow stickers – supermarket staff put yellow, and sometimes orange and red, stickers on to products to show they’ve been reduced.
They usually do this if the product is coming to the end of its best-before date or the packaging is slightly damaged.
Buy bigger bars – most of the time, but not always, chocolate is cheaper per 100g the larger the bar.
So if you’ve got the appetite, and you were going to buy a hefty amount of chocolate anyway, you might as well go bigger.
Money
Filthy house sells for £50k more than guide price at auction – despite rubbish piled up to the windows
A FILTHY property has sold for more than £50,000 more than its estimated price at an auction despite rubbish piling up to the windows
A house with waste filling up half the entire room has sold for an eye-watering £153,000 when it’s original price was £100,000.
The three-bedroom property in Keighley, West Yorkshire, was put up for auction with rubbish strewn all over the place.
In some pictures of the place, bin bags full of waste were piled up – some so high they were reaching the windows.
The house immediately caught the attention of social media and users were quick to comment on the revolting state of it.
One wrote: “Is that one of the council owned skips their closing down?”
Ander added: “Councils should make tenants to pay rubbish they leave behind, they know who they are, don’t waste taxpayer’s money.”
A third user was shocked at the guide price, not knowing it was be increased another £50,000 saying: “£100k they are having a laugh.”
The terraced house on Scott lane is completely filled with old appliances and hundreds of deteriorating carrier bags filled to the brim with rubbish.
On Right Move the listing had stated the filthy property was a nice “renovation project.”
As a semi-detached dwelling that was completely trashed it would certainly need a lot of time to repair.
The listed stated: “Requiring a full scheme of renovation.
“Arranged over two storeys, the property offers three bedrooms and also benefits from gardens to the front and rear and a rear garage, as well as its sought-after location.
“Once renovated, the property would make a pleasant family home.”
Right Move made it clear that the rubbish would not be removed before the property is purchased and is “sold as seen.”
The house was bought by Bradford Council with a compulsory purchase order (CPO) and said the owner had made “very little contact” before it was bought.
It had been stood empty since at least 2014 despite numerous attempts to contact the owner.
The decision for a CPO is made by the Government office and tends to be used a last resort.
In this case it was necessary ass the house was empty for so long and was considered “wasted” in a time of much needed accommodation.
A council spokesperson said: ” “Empty properties are risk assessed by the council, taking many factors into account, and CPO action is only pursued where the council has sufficient evidence to demonstrate that unless it intervenes, the property will remain empty.
“If successful, the council sells properties acquired on the open market, in their current condition so as to avoid incurring any further costs and so as to use public funds responsibly, and this is understandably reflected in the sale price.”
Money
McDonald’s reveals Christmas menu shake up with never-seen before dessert based on iconic festive chocolate
MCDONALD’S has unveiled its Christmas food range for 2024 with two new items launching including a spin on an iconic festive chocolate.
The home of the Big Mac is shaking up its menu in just under two weeks, with 12 new options on the way.
From November 20, fast food fans will be able to get their hands on a new Terry’s Chocolate Orange Pie for £1.99.
The pie combines crispy chocolate pastry with the classic Terry’s Chocolate Orange-flavoured ganache filling – a blend of chocolate and cream.
Customers keen on a savoury bite will be able to pick up the new Cheesy McCrispy from £7.79.
The spin on the classic McCrispy comes with a chicken breast fillet in a crispy coating, served with lettuce crispy onions, pink pickled onion
chutney, bacon, two slices of cheese and cheese sauce.
Ten other menu options are making a comeback, including fan-favourite burger the Big Tasty, last seen on menus in March.
Foodies can pick up the burger from £7.59 or get it with bacon from £8.39.
Both burgers combine beef patties with Emmental cheese, onions, juicy tomatoes and smoky flavoured sauce in a toasted bun.
The Cheese Melt Dippers with tomato sauce are also returning after they were temporarily dropped from menus at the start of 2024.
They come in a standard and sharing size, costing £2.49 and £6.79, combining breaded Camembert cheese with tomato dip.
The Terry’s Chocolate Orange McFlurry and mini McFlurry are also back on menus for the first time since 2023, for £2.19 or £1.59.
Both come with soft swirl ice cream, topped with Terry’s Chocolate Orange mini segments and Terry’s Chocolate Orange sauce.
Chocolate fans will be keen to hear the Galaxy Caramel McFlurry – both regular and mini sizes will be on sale for £2.19 and £1.59, respectively.
The treats feature soft-serve ice cream, Galaxy Chocolate stars and Galaxy Caramel sauce.
Plus, you can get your hands on the Galaxy Caramel Latte and Galaxy Caramel Hot Chocolates for £2.69.
Bear in mind, the prices listed for the above items may vary from restaurant to restaurant.
This is the full list of items being added to the menus on November 20:
- Big Tasty – £7.59
- Big Tasty with bacon – £8.39
- Cheesy McCrispy – £7.79
- Cheese Melt Dippers with Rich Tomato Dip – £2.49
- Sharing Cheese Melt Dippers with Rich Tomato Dip – £6.79
- Terry’s Chocolate Orange McFlurry – £2.19
- Terry’s Chocolate Orange Mini McFlurry – £1.59
- Galaxy Caramel McFlurry – £2.19
- Galaxy Caramel Mini McFlurry – £1.59
- Terry’s Chocolate Orange Pie – £1.99
- Galaxy Caramel Latte – £2.69
- Galaxy Caramel Hot Chocolate – £2.69
Not only is McDonald’s shaking up its menu offering from November 20 – it’s adding an iconic character to its Happy Meal too.
Eight Grinch and friend toys, plus Christmas decorations and family Grinch family card games, will be added to the meal deal.
Customers will be able to get the meal deal, which comes with a main, side and drink, for around £3.49 based on where you live.
All the new menu additions and Grinch happy meal toys will be on menus for six weeks so you’ll have to be quick.
The latest announcement from McDonald’s comes after the fast food chain brought back the McRib after 10 years.
Plus, it recently unveiled the Double Chilli Cheeseburger in restaurants. Customers can get the item for around £2.49.
How do I find my nearest McDonald’s?
If you’re planning on taking a trip to McDonald’s, you’ll want to know where your nearest branch is.
The chain has a restaurant locator tool on its website you can use to find your nearest one – and check what time it opens.
Bear in mind that McDonald’s serves breakfast every day until 11am.
After that, the menu switches to the normal menu serving meals such as burgers, chicken nuggets and more.
How to save at McDonald’s
You could end up being charged more for a McDonald’s meal based solely on the McDonald’s restaurant you choose.
Research by The Sun found a Big Mac meal can be up to 30% cheaper at restaurants just two miles apart from each other.
You can pick up a Big Mac and fries for just £2.99 at any time by filling in a feedback survey found on McDonald’s receipts.
The receipt should come with a 12-digit code which you can enter into the Food for Thought website alongside your submitted survey.
You’ll then receive a five-digit code which is your voucher for the £2.99 offer.
There are some deals and offers you can only get if you have the My McDonald’s app, so it’s worth signing up to get money off your meals.
The MyMcDonald’s app can be downloaded on iPhone and Android phones and is quick to set up.
You can also bag freebies and discounts on your birthday if you’re a My McDonald’s app user.
The chain has recently sent out reminders to app users to fill out their birthday details – otherwise they could miss out on birthday treats.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
Money
Surprising supermarket mulled wine named best in blind test – it’s not Aldi or Lidl & it’s a perfect fruit and spice mix
A SUPERMARKET’S mulled wine has been named better than more expensive rivals – which cost double the price.
New results from consumer website Which? has revealed the nation’s favourite mulled wine.
A panel of 63 expert mulled wine drinkers blind-tasted ten of the tipple from supermarkets including Lidl, Asda and Aldi – as well as more expensive brands like M&S and Waitrose.
All the drinks were rated on their taste, aroma, mouthfeel and appearance to give an overall score out of 100%.
Flavour made up 50% of the score while 25% was aroma, 15% mouthfeel and 10% appearance.
One mulled wine stood out from all of the others and was the clear favourite of the tasting panel.
Read more on supermarkets
Sainsbury’s mulled wine nabbed the top spot and costs just £3 for 750ml.
The supermarket’s mulled wine was awarded an impressive score of 73%, winning high marks for look, flavour and mouthfeel.
Judges said the wine achieved that crucial balance between sweetness and bitterness.
Meanwhile, two thirds said the strength of the spice flavour was just right and nearly as many said the fruitiness hit the spot too.
More than half enjoyed the strength of the alcohol flavour, which is 5% ABV. Although 29% said they wanted a stronger hit.
The Co-op and Three Mills trailed behind Sainsbury’s, scoring 68%.
Both beverages cost £4.50 for 750ml.
The Co-op’s tipple lost marks on flavour when compared to Sainsbury’s but it was popular with judges who enjoyed its look and mouthfeel.
The alcohol flavour was enjoyed by 57% of the panel while a similar number enjoyed its bitterness and fruitiness.
Around half said the sweetness and spicy flavour were just right but a third said they would have enjoyed the drink more if it had a spicier kick.
How to save money buying alcohol
Alcohol can be pricey if you’re planning a party or hosting an event but there are ways to cut costs.
It’s always important to drink responsibly, here, Sun Savers Editor Lana Clements share some tips on getting booze for the best price.
Stocking up can mean big savings on drinks, especially if you want to buy wine or fizz.
The big supermarkets regularly offer discounts of 25% when you buy six or more bottles of wine. The promotions typically run in the lead up to occasions such as Bank Holidays, Christmas and Easter.
If you know you are going to need booze later in the year, it can be worth acting when you see offers.
Before buying your preferred drink make sure you shop around to find the best price – you can use a comparison site such as pricerunner.com or trolley.co.uk.
Don’t forget that loyalty cards can unlock better savings so make sure you factor that in too.
If you like your plonk, wine clubs can also be a good way to save money and try new varieties. You’ll usually have to pay a membership fee in return for cheaper price so work out if you will be buying enough to make the one off cost worthwhile.
The Three Mills mulled wine was on par with Co-op’s mulled wine for price and level of enjoyment.
Two thirds of the panel were fans of the sweet and bitter balance of the drink.
The panel praised its fruity flavour, which was enjoyed by 57% of the group, as was the alcohol taste.
But this wine is only 5% ABV and a third of judges said the boozy hit was somewhat lacking.
Extra spiciness would also have seen this wine awarded more points as less than half said it worked for them.
Aldi and Lidl usually score highly in these types of tests but both supermarkets failed to top the table this time.
Lidl’s Baywood mulled wine costs £2.79 for 750ml and scored 67% in the test.
Meanwhile, Aldi’s mulled wine was awarded the same score and has the same price.
At the bottom of the table was Tesco Vineyards mulled wine which was awarded a score of 62%.
The best mulled wine ranked by Which?
- Sainsbury’s mulled wine – 73% – £3 for 750ml
- Co-op mulled wine – 68% – £4.50 for 750ml
- Three Mills mulled wine – 68% – £4.50 for 750ml
- Aldi mulled wine – 67% – £2.79 for 750ml
- Lidl Baywood mulled wine – 67% – £2.79 for 750ml
- Asda mulled wine – 66% – £3 for 750ml
- Waitrose mulled wine – 65% – £5.49 for 750ml
- M&S Red mulled wine – 64% – £6 for 750ml
- Morrisons Winter Warmer mulled wine – 64% – £4 for 750ml
- Tesco Vineyards mulled wine – 62% – £3 for 750ml
Judges said the beverage’s good looks were the top feature of this otherwise disappointing drink.
Just 46% approved of the alcohol flavour and a further 41% found it too weak.
Only a third liked the spice levels and 46% said it was too bitter.
At £3 for 750ml it was beaten by much cheaper rivals.
The Morrisons Winter Warmer mulled wine also trailed behind other supermarkets.
It was awarded a score of 64% and three quarters of judges said that its colour was appealing.
But only 59% enjoyed its bitterness levels and a third said the alcohol flavour was right.
Half enjoyed its fruity sweetness but a similar number of judges said that they wanted a stronger spice flavour.
At £4 for 750ml it was one of the more expensive beverages in the test, despite having an ABV of 5%.
M&S Red mulled wine was the priciest bottle in the test but it was also the strongest at 11% ABV.
Judges awarded it a score of 64% but more than a third of them said the alcohol flavour was a bit much.
Around half said they were happy with the spiciness, fruitiness and bitterness of the drink.
Waitrose mulled wine was the second priciest in the test at £5.49 for 750ml but received a score of 65%.
Aside from the colour this wine struggled to win the approval of judges.
Around 46% said the alcohol flavour was too much, which was unsurprising given its 10% ABV.
Only a third were positive about the spice flavour while half found the wine lacked sweetness and was overly bitter.
Harry Rose, Editor of Which? Magazine said: “Mulled wine is a festive favourite and the perfect winter warmer.
“Sainsbury’s mulled wine emerged as the panel’s top pick. The strength of the spice flavour hit the right notes and it is a deserving Best Buy which is also affordable at just £3.”
In other taste test news, The Sun tried supermarket mulled wines to find out which offered the best value for money.
Plus we reveal the best supermarket for every part of your Christmas dinner.
And we try supermarket champagne to find out which is perfect for parties.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
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Money
Shoppers to face food price hike after Budget’s tax raid on employers, warns Sainsbury’s boss
SHOPPERS will face higher food prices after the Budget’s tax raid on employers, the boss of Sainsbury’s has said.
Simon Roberts, chief executive of the UK’s second biggest supermarket, said the National Insurance hike would cost it £140million.
His comments come after Wetherspoons and Marks & Spencer yesterday warned of a combined £160million hit from the Chancellor’s decision to increase employer contributions.
Mr Roberts said: “It will lead to inflation and it’s pretty clear it’s going to come pretty fast.
“Given the low margins of the industry, there isn’t the capacity to absorb this level of unexpected cost inflation.”
The supermarket chief also expressed his disappointment that the Government had ignored his calls to relieve the extra staffing costs on retailers by finally overhauling business rates.
Retailers will face another increase in the property tax next year while they wait for further details of a promised reform.
He added: “We came out in support of Make Work Pay but on the basis there was a clear commitment on business rates reform, because it is not a fair tax on stores.”
Sainsbury’s pays £500million- a-year on business rates, half of its £1billion annual tax bill.
Yesterday, it posted a 4.7 per cent rise in underlying profits to £356million.
Food sales were up 5 per cent in six months but revenues in the Argos division fell by the same margin.
Boohoo bite-back
BOOHOO has issued a punchy rebuttal to Mike Ashley’s Frasers Group — saying the tycoon’s “continual legal letters and public posturing” is not in shareholders’ interests.
Mr Ashley has demanded a board seat and guarantees that any disposal of online brands would be put to a vote.
Boohoo said it would only consider giving Frasers a seat if it ruled out making a takeover offer or plans to merge it with a rival, such as Asos, which Mr Ashley also has a stake in.
Nissan hits brakes
THOUSANDS of workers at Nissan’s Sunderland site are facing an uncertain future after the Japanese car giant launched a radical plan to cut 9,000 jobs globally.
Nissan slashed its profit forecasts by 70 per cent as it admitted that it had been too optimistic about the demand for battery-powered vehicles and had not produced enough hybrid models.
The car maker said the “severe situation” has prompted it to now cut global production by one-fifth and squeeze £2billion worth of costs out of the business.
Last year, Nissan — which employs 6,000 on Wearside — said it would manufacture three electric models, including an EV Qashqai model in the UK, as part of a government-backed £2billion commitment.
On average, a new Nissan car has been produced at the Sunderland factory every two minutes, every hour of every day, since its opening in 1986.
A broad band of BT cuts
BT broadband bills are set to rise further as the telecom giant counts £100million of extra costs from the Budget.
Boss Allison Kirkby said it may have to offset the increase in employers’ National Insurance contributions through higher pricing, reducing supplier costs or replacing some roles with artificial intelligence.
“It’s a new inflationary pressure that we need to suffer in our business”, she said.
BT already increases bills every year by the rate of consumer inflation, with an additional 3.9 per cent on top — customers were charged an extra 7.9 per cent this year.
Ms Kirkby said that the £100million hit was just 0.5 per cent of BT’s gigantic cost base as it ploughs cash into rolling out fibre broadband.
It posted a 10 per cent fall in half-year profits to £967million and confirmed that 2,000 more jobs had been cut as part of its ongoing plan to reduce the workforce by 100,000.
Home price rise
HOUSE prices have hit a record high according to the UK’s biggest mortgage lender.
Figures from Halifax show the average price of a home in the UK hit £293,999 in October, beating the post-pandemic record of £293,507 in June 2022.
Property prices rose by 0.2 per cent last month — the fourth month of growth in a row.
But Halifax cautioned that mortgage rates staying higher for longer and a hike in stamp duty for first-time buyers could affect the rate of price increases in the future.
ITV pinching pennies
LOVE Island broadcaster ITV plans to make £20million of extra cost savings this year after the hangover of Hollywood writer and actor strikes delayed production revenues.
It posted an 8 per cent fall in third quarter revenues to £2.7billion.
Wood chopper
ENGINEERING firm Wood Group lost almost two-thirds of its value yesterday after it launched an independent review of the business.
The FTSE 250 firm is now worth just £338million after its shares fell by 61 per cent to 48.43p.
In July, Dubai– based Sidara pulled out of a deal that valued Wood Group at £1.56billion.
It added that Deloitte would probe its “contracts, governance and controls”.
Investors fear it will have to make hefty writedowns of the value of contracts.
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