8 Money Changes Coming In August 2025 Including Child Deadline Benefit

The Mirror has rounded up all the key financial announcements Coming up in august, from eBay Changes to the Next Bank of England Interest Rate Decision

From ebay sellers to homeowners, there are Major Major Coanges Coming Up in August That Could Impact Your Wallet.

ebay is introding new fastener payments for sellers, while the bank of England is expecting to make its next interest rates announcement next month.

Meanwhile, University Tuition Fees Will Rise for the First Time Since 2017 and Santander is Axing One of Its Popular Accounts. There is also a bank Holiday Coming Up That COULD AFFECT you if you claim Certain Benefit Payments.

August 1 – University Tuition Fees Rise

University Tuition Fees in England Will Rise from £ 9,250 A Year to £ 9,535 on August 1. It is the first Tuition Fees have Risen Since 2017.

This will applia to students Starting University in September 2025 and Those Continuing Their Courts. University Maintenance Loans, which are used by students to Help Pay for the Daily Living Costs while they Study, Will Also Increase.

The Maintenance Loan for Students Living Away from Their Parents Outside of London Will Rise from £ 10,227 a year to £ 10,544, and from £ 13,762 in London.

August 6 – New eBay Faster Payments

ebay is introding faster payments for some sellers from august 6. if you have made at least sales totaling £ 150 or more in the previous five days, and have no more than two unresolved caes – so if there ben a dysputs 12 month, Within 24 hours of a sale.

SELLERS CURRENTLY HAVE TO WAIT TWO DAYS AFTER DELIVERSRY CONFIRMATION TO RECEIVE THEIR FLAGS.

August 7 – Bank of England Interest Rate Decision

The Bank of England Will Make Its Next interest rates announcement on August 7. The Base Rate is Currently at 4.25% After the Bank of England Decide to Hold it at it Last Meeting in June.

The Base Rate is what the bank of England Charges Other Banks and Banks – This Thin Affects How Much It Costs You To Borrow Money.

August 20 – Latest Figure Inflation

The Latest Inflation Data from the Office for National Statistics (ounce) will be releassed on august 20. Inflation is a Measure of how prices have Changed over time.

In the latest update from the ounce, inflation was revealed to have to be 3.6%. At its Highest Point, Inflation Reached 11.1% in October 2022.

August 21 – Santander Axing Popular Account

Santander is closing it 123 Lite Current Account on August 21. This Account Comes with 3% Cashback on Household Bills, Capped at £ 15 A MONTH. It comes with a £ 2 monthly fee. New Customers haven’t been able to open a Santander 123 LITE Account Since Early 2024.

August 25 – August Bank Holiday

If you claim benefits, then you may have your Money Slightly Earlier than usual in august. That’s Because there is a bank Holiday on Monday, August 25. If you are a benent on this date, you will Likely get paid on Friday, August 22 Instead.

August 31 – Child Benefit Deadline

You need to renew your child benef claim by august 31 if your child is continuing with education or training after the age of 16. This is because your child will automatically stop on august 31 on or after your child’s 16th birthday.

Approved Education or Training Can Include A-LEVELS, nvqs or tan Home Education, but it does not Include University or BTEC Qualifications.

August 31 – Free Childcare Deadline

PARENTS MUST APPLY FOR 30 HOURS FREE CHILDCARE BY AUGUST 31 TO HAVE THEIR Funding in Place from September 2025. Once You Have Applied, You Will Receive an 11-Digit Code to Your Childcare Provider.