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Global super-rich bought 153 homes for at least £20m each in past year
via theguardian.comHighest number of sales in Hong Kong as London’s ultra-prime housing market slips amid Brexit concernsMore than 150 homes around the world changed hands for more than £20m ($25m) each in the past year, as the “relentless creation of private wealth” fuelled the global ultra-prime housing market.The world’s richest people spent a combined £5.2bn ($6.6bn) on 153 properties that each sold for more than £20m in the year to end of August 2018, according to res -
Rise in ultra-long mortgages ‘poses risk to UK retirement prospects’
via theguardian.comFormer pensions minister says data shows buyers increasingly forced to accept terms that stretch into state pension ageHomebuyers are increasingly being forced to “gamble” with their retirement prospects to get on the housing ladder by taking on ultra-long mortgages lasting beyond the end of their working life, it has been claimed.More than a million mortgages that stretch beyond the borrower’s state pension age have been arranged in the last three years, figures show. Continue -
Natalie Elphicke’s anti-strike stance ‘incompatible’ with Labour, says TUC president
via theguardian.comExclusive: Matt Wrack describes ex-Tory’s views as ‘disgraceful’ after she blamed deaths on striking firefightersKeir Starmer is under fresh pressure over the former Tory MP Natalie Elphicke’s defection to Labour after the president of the Trades Union Congress said her vocal support for anti-strike laws should be “incompatible” with the party whip.Matt Wrack, who is also the general secretary of the Labour-affiliated Fire Brigades Union, has described the MP -
Nadhim Zahawi admits he paid nearly £5m to HMRC after ‘careless mistake’
via theguardian.comTory former minister says he made error over tax paid on sales of YouGov shares after previously saying he was being ‘smeared’Nadhim Zahawi has admitted for the first time he paid nearly £5m to the tax authority to settle his tax affairs, having previously denied the figure involved and claimed he was being “smeared” by journalists who revealed the issue.The former chancellor told the BBC he had paid HMRC just under £5m after making what he called a “car -
Founder of Hipgnosis Songs Fund accuses ex-partner over failed business
via theguardian.comThe now dissolved Hipgnosis Music received funds that were proceeds of fraud, Merck Mercuriadis alleges in court documentsThe founder of a music company that holds the rights to songs by Blondie and Justin Bieber has accused his former business partner of using the proceeds of fraud to fund their collapsed venture, court documents show.Merck Mercuriadis is the founder of Hipgnosis Songs Fund (HSF), a FTSE 250 company that buys music rights in the hope of profiting from streaming revenues, and wh -
British asparagus back in supermarkets after criticism over imports
via theguardian.comUnseasonably cold weather had slowed UK season, but sunny spell has helped crop ‘grow like stink’Shoppers angered by discovering imported asparagus on supermarket shelves during the short British season for the vegetable are expected to receive a fillip after a sudden burst of sunshine helped the domestic crop.Supermarket shoppers had complained after finding asparagus grown in mainland Europe and the Americas on sale during the “peak” British season. Continue reading... -
Wytham Abbey put up for sale for £15m by effective altruism group EVF
via theguardian.comEffective Ventures Foundation puts 27-bedroom house visited by Queen Elizabeth I on sale after paying nearly $27m to FTX creditorsIt was pitched as the place where the world’s leading technologists, scientists and philosophers would gather to figure out how effective altruism and artificial intelligence could be combined to create a global force to eradicate poverty and improve everyone’s lives.The Effective Ventures Foundation (EVF), which defines effective altruism as “using -
South Korean state-owned nuclear developer in talks to build UK plant
via theguardian.comKepco has held discussions about developing Wylfa Newydd site on AngleseySouth Korea’s state-owned nuclear developer has discussed building a multibillion-pound power plant in Wales with the UK government, it has emerged.Kepco, the largest utility provider in South Korea, has held early-stage discussions with Westminster officials about developing the Wylfa Newydd site on the island of Anglesey (Ynys Môn), the Financial Times reported. Continue reading... -
‘The Body Shop held our hand’: how the troubled British firm helped a recycling startup in India
via theguardian.comThe high street retailer may be shutting shops in the UK but its legacy lives on for a plastics company which continues to help improve the lives ofIndia’s waste pickersSitting in a sultry corner of southern India, beside the rain trees and beaches of Mangalore, Shifrah Jacobs, the co-founder of Plastics for Change, smiles as she recalls how it all began. One thing she says she won’t ever forget is the Body Shop for its big-heartedness when her company was a wet-behind-the-ears start -
Something is stirring in England: right to buy looks imperilled, and not a moment too soon | John Harris
via theguardian.comIt was Thatcher’s most dire piece of social engineering. Labour’s leadership can’t keep ignoring the voices now raised against itMore than a decade after her death and 34 years since she left Downing Street, Margaret Thatcher continues to haunt us. After Liz Truss’s cosplay as the Iron Lady, Rishi Sunak has drawn comparisons between “the grocer’s daughter and the pharmacist’s son”. In December last year, Keir Starmer admiringly said that Thatcher & -
Capital Group buys more than £110m in NatWest shares after UK government share cut
via theguardian.comLeading US investor pours cash into shares after cut helps allay fears of state interventionA leading US investor has started pouring cash into NatWest shares after a notable cut in the government’s shareholding helped to allay fears of state intervention in the bailed-out banking group.Los Angeles-headquartered Capital Group, which is one of the world’s oldest and largest investment firms, with more than £2.5tn under management, has bought more than £110m worth of NatWes -
Impact of pandemic on wellbeing of the young and the economy must not be trivialised | Larry Elliott
via theguardian.comMental health of young people is deteriorating, and shows up in employment data. More action is neededFrom the outset it was obvious the coronavirus pandemic would be brutal on the UK’s young people. Just how brutal has only become apparent over time.Children, teenagers and adults in their early 20s were the least likely to have adverse physical consequences but suffered most from the restrictions put in place to prevent the virus spreading. Children were deprived of education. Teenagers w -
‘It lowers inhibition’: how saunas are challenging UK pubs as the place to meet
via theguardian.comWith venues sprouting, what was once a niche industry is sharing ideas on creating new community spacesDelegates to the UK’s first ever sauna conference will file out after the final panel discussion facing a choice of where to carry on the conversations: bar or sauna?The queue for the latter may well be longer – one reason why Britain’s sauna scene has expanded rapidly in the past few years is because aficionados feel they are surprisingly like pubs. Continue reading... -
Brexit Britain may export lots of services, but selling things it makes is harder | Torsten Bell
via theguardian.comTrade data is a long neglected subject, but it’s never been more importantFor most of my career in economic policy, no one asked much about trade data – about developments with imports and exports. The subject just wasn’t that controversial.That’s all changed since 2016. Brexit has made trade data great again – at least in the sense of reinserting it into the centre of politics. But so far that attention is creating political heat, not the greater understanding we n -
You may be missing billions in lost pensions - here's what you need to do right now
via express.co.ukPension expert Adam Pope from Spencer Churchill Claims Advice provides detailed insight and advice on what to do for those with lost pensions. -
Have you been given Tax Code 1257L? Check now as HMRC could owe you £689
via express.co.ukAs Britons pay more tax than ever, it is increasingly important to make sure you are paying the right amount to HMRC, and not a penny more. -
Small businesses are banking on loans to pay for insurance
via express.co.ukGrowing numbers of small businesses are having to rely on loans to pay for their insurance, according to specialist lender Premium Credit. -
The wisest Brexiters – such as Nigel Lawson – knew how good life is in Europe | William Keegan
via theguardian.comA weekend near the former chancellor’s French residence induced a sense of wellbeing quite unlike Britain’s beleaguered moodWith all the horrors in Ukraine, Gaza and Sudan – not to say (a touch of bathos here) the abysmal state of our Brexit-hit economy – a bank holiday weekend in La France profonde came as a most welcome relief. We were staying with a friend in the south-west region of Aveyron, near a village called La Salvetat-Peyralès.I was struck by the thrivin -
Carer mum-of-four on Universal Credit thanks 'exceptional' at-home care team
via express.co.ukEXCLUSIVE: The experienced carers even helped spot signs of cancer. -
Brits spend twice as long on social media than managing their personal finances
via express.co.ukA study of 2,000 adults found they typically devote just 24 minutes a week to reviewing their expenses, budgeting, and planning their future finances -
Tesco boss hints at huge new change in stores - and it's good news for shoppers
via express.co.ukFood groups and consumer goods outfits will use promotions to tempt shoppers back from own-brand labels and rebuild their volumes over the next 12 months, Tesco chief executive Ken Murphy predicts. -
Ted Baker administrators set to outline payout hopes for creditors
via express.co.ukTed Baker's creditors could find out how much they are likely to get back from the collapsed fashion chain as early as this week. -
Sake takes UK by storm as Japan’s national drink goes mainstream
via theguardian.comNo longer just drunk for courage at karaoke clubs, the ‘food-friendly’ rice spirit is becoming a first choice of connoisseursWhen sommelier Erika Haigh opened the UK’s first independent sake bar, in London’s West End in 2019, passersby would wander in and try to order milkshakes, bewildered by the unfamiliar drink advertised in the window.“Today, that confusion has largely disappeared,” said Haigh, who has since opened Mai Sake, a shop offering tasting events -
MoD supplier attacked by China has £1.6bn contracts throughout government
via express.co.ukSopra Steria, the outsourcing business that owns the Ministry of Defence supplier that was targeted by hackers, has £1.6billion of Government contracts, including the NHS and National Savings & Investments. -
Beautiful city's airport with 76m passengers a year set to become Europe's busiest
via express.co.ukIstanbul believes that it can permanently dethrone Heathrow as the busiest airport in Europe within five years, given its growth rate as well as ongoing delays to the expansion of Britain's hub airport. -
Air Vanuatu grounding prompts fears Pacific country’s tourism will take big hit
via theguardian.comHoliday operators say Vanuatu was in post-Covid boom but tourists are ditching plans and resort staff being cut as airline’s future hangs in the air“Everybody is complaining, it’s not good. Don’t book Air Vanuatu.” Those were the words of a taxi driver in March as he pulled away from Vanuatu’s Bauerfield international airport and headed into the heart of Port Vila, the oceanside capital of the Pacific island country.Two months later and the frequent cancellati -
Poor reviews, missing product: firms’ anti-woke offerings soak consumers
via theguardian.comA thriving retail niche caters to the performative masculinity of the right wing, oftentimes bilking its chauvinistic client baseRightwing companies are attempting to “bilk” conservative Americans by pushing “anti-woke” products including razors, chocolate and floor cleaner, an analyst said, as the Daily Wire news outlet launched a “reclaim masculinity” multivitamin.The launch of the “manly green vitamin capsules”, which cost 10 times more than Cen -
Michael Gove admits ‘regret’ over rise in children in temporary housing
via theguardian.comData shows 112,000 households in temporary housing in England on 31 December 2023, a 12.1% rise on the previous yearMichael Gove has admitted “regret” over the increased number of children in temporary accommodation, as the latest government figures have laid bare the scale of England’s housing crisis.Figures published by the government at the end of April show nearly 112,000 households were in temporary accommodation on 31 December 2023, a 12.1% increase from the previous year -
Lake District caravan owners forced out by 60%-plus price rise
via theguardian.comA huge increase in fees means many vulnerable people have to leave the Derwentwater site they call homeRetired and vulnerable holiday homeowners claim they are being priced out of a “breathtaking” waterside campsite in the Lake District after the Camping and Caravanning Club raised one of the main charges by more than 60%.The row at the static caravan park on the edge of Derwentwater, sometimes called “Queen of the Lakes” because it is cradled by fells, is over the &ldquo -
‘It felt like a massive scam’: the minor prangs to cars that lead to huge charges
via theguardian.comReaders tell us insurance premiums soared and vehicles were written off after the cost of claims soaredWant to know why your car insurance premium has doubled in the past two years? Could the apparently bizarre and wasteful way that car insurers pay claims have something to do with it?Guardian Money recently asked readers to describe their experience after they had been involved in minor prangs, and the responses – and the figures quoted – are astonishing. Continue reading...
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