A wave of important financial changes is set to impact bank accounts, wallets, grocery budgets, housing costs, savings and benefits—all before the Labour Party Chancellor Rachel Reeves introduces her October Budget.
At‑a‑Glance: Who’s Affected?
In September, consumers—from parents and savers to homeowners and benefits recipients—could see both losses and gains. Planning ahead by marking key financial dates will help you stay in control.
September 1 – Expanded Free Childcare
Families with children aged 9 months to 2 years will see the weekly free childcare increase from 15 to 30 hours, still over 38 weeks annually. Since the 15‑hour application deadline has passed, all new applicants must apply for the 30‑hour entitlement.
You may be able to stretch that across more weeks if your provider allows. To qualify, ensure your eligibility status is updated and share your childcare code with your provider to automatically receive the full 30 hours.
September 1 – End of Paper Statements for First Direct Savers
From this date, First Direct (serving over 1.9 million UK clients) will stop sending paper savings statements, switching entirely to digital statements accessible through its mobile app or online banking.
September 1 – High Street Branch Closures
In another blow to physical banking, 26 NatWest branches and 13 Halifax locations will permanently close in September—part of the continuing decline of in‑person banking across the UK’s high streets.
September 1 – Continuation of the Household Support Fund
The Household Support Fund, introduced during the cost‑of‑living crisis, remains active. It funnels £2.5 billion from central government to local councils, who in turn offer vouchers, bill help, or one‑off payments—though availability varies widely by area.
September 16 – ONS Wage Data Released
The Office for National Statistics will publish September’s wage figures, a key input for the Bank of England as it considers whether to raise or lower interest rates.
September 17 – Inflation Update
The ONS will also report August’s inflation rate—currently at 3.8%, up from the previous 3.6%. This exceeded expectations and may reduce the likelihood of another interest‑rate cut this year.
September 18 – Bank of England Rate Decision
On this date, the Bank of England will announce its latest decision regarding the base interest rate, which directly affects borrowing costs across the economy.
A series of key financial changes in September—from childcare expansions and bank notices to critical data on wages, inflation, and interest rates—will significantly affect how individuals plan and manage their money. Staying informed about these dates and updates ensures you can maximize benefits and absorb the effects on your household budget.
FAQs
Parents of children aged 9 months to 2 years who meet eligibility criteria and submit their updated code to their provider will automatically receive 30 hours per week.
No—starting September 1, all statements will be digital only and must be retrieved via the bank’s app or online portal.
Contact your local council to check what assistance is available in your area—support varies by location and may include bill relief, vouchers, or one‑off payments.
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