Finance news

• Hunt pushes for supermarkets to curb soaring prices

  22-05-2023 23:14 via ft.com
  Food becoming more of a factor than energy in driving stubbornly high level of inflation
  
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• Labour willing to force pension plans to invest in £50bn ‘growth fund’

  22-05-2023 22:45 via ft.com
  Shadow chancellor Rachel Reeves wants to boost capital available to fast-growing companies
  
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• NHS junior doctors to strike for three days in June

  22-05-2023 22:02 via ft.com
  Latest walkout comes after breakdown of talks with UK government
  
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• Labour to force pensions to invest in £50bn ‘future growth fund’

  22-05-2023 22:00 via ft.com
  Shadow chancellor Rachel Reeves wants to boost capital available to fast growing companies
  
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• Millions to see £450 drop in energy bills: How much you could pay from July

  22-05-2023 20:51 via express.co.uk
  
  Experts predict that Ofgem's price cap will fall by more than £1,000 from July this year.
  
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• Woman, 62, 'living in poverty' after losing 20 years worth of pension caring for her son

  22-05-2023 19:12 via express.co.uk
  
  Many carers are left in poverty in their later years as they miss out on their workplace pensions to be a full-time carer, a charity has warned.
  
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• Post-Brexit UK investments drive FDI in Germany to record level

  22-05-2023 18:32 via ft.com
  Berlin warns inward investment set to fall in 2023 as companies turn to US on back of Inflation Reduction Act
  
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• Starmer sidesteps questions on how Labour would fund NHS reform

  22-05-2023 17:19 via ft.com
  UK opposition leader promises to make greater use of technology to build a health service ‘fit for the future’
  
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• Man, 26, 'frightened' after thieves use 'shoulder surfing' to steal pin code and £22,000

  22-05-2023 16:55 via express.co.uk
  
  Mobile phones are being stolen, not for the actual handsets, but for the opportunity to steal one's personal financial information, which can lead to a loss of thousands.
  
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• German FDI hits record as UK businesses look for EU toehold

  22-05-2023 15:52 via ft.com
  Berlin warns inward investment set to fall in 2023 as companies turn to US on back of Inflation Reduction Act
  
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• Lloyds Bank customer ‘fell apart’ after handing fraudsters her £525,000 life savings

  22-05-2023 14:05 via express.co.uk
  
  The fraudsters pretended to be from the Financial Conduct Authority to convince a woman to hand over her life savings despite her bank's warnings.
  
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• ‘Hidden tax rises' to ‘decimate’ savings and leave Britons paying thousands more a year

  22-05-2023 13:13 via express.co.uk
  
  Frozen tax thresholds could leave some Britons paying thousands more a year by 2028.
  
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• Nationwide Building Society has launched new tool to show if you can get £100 boost

  22-05-2023 11:40 via express.co.uk
  
  Loyal customers with Nationwide Building Society are to receive the new Fairer Share Payment.
  
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• What to include in Adult Disability Payment application as thousands face severe delays

  22-05-2023 11:18 via express.co.uk
  
  Hundreds of thousands of Scots currently face four to six-month delays in being transferred to the new Adult Disability Payment.
  
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• ‘I made over £18,000 in less than nine months - you can do it while watching TV'

  22-05-2023 10:44 via express.co.uk
  
  Side hustles are useful ways for people to bolster their income and pursue new business passions.
  
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• DWP announces Universal Credit phone line changes

  22-05-2023 10:10 via express.co.uk
  
  The DWP is rolling out the Virtual Agent telephone system for Universal Credit enquiries and then expanding it to other benefits.
  
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• Global economy on the edge of ‘cataclysmic’ recession as US faces debt default

  22-05-2023 09:38 via express.co.uk
  
  A deal between Democrats and Republicans in Congress needs to be hashed within a matter of days to raise the debt ceiling limit to avoid an economic catastrophe, experts have warned.
  
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• WASPI campaigners call for ‘fair and fast’ settlement in 10 point plan

  22-05-2023 09:20 via express.co.uk
  
  WASPI campaigners are demanding compensation after a generation of women lost out on payments when the state pension age increased.
  
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• Virgin Money offers market-leading 4.41 percent interest on cash ISA

  22-05-2023 09:18 via express.co.uk
  
  Fixed cash ISAs are offering some of the highest interest rates on the market, and Virgin Money is currently taking the top spot with its three-year fix.
  
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• UK government sells £1.26bn of NatWest shares

  22-05-2023 08:34 via ft.com
  Sale takes public stake in bank down to below 40%
  
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• Average property price tag hits a record high, says Rightmove

  22-05-2023 06:11 via express.co.uk
  
  Property website Rightmove reports the 1.8% rise in house prices in May means the average asking price for homes coming to market is now £373,894. That is nearly £7,000 more than the previous month, although it warns that buyer affordability remains ‘stretched'.
  
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• BoE pins its hopes on falling inflation easing wage growth

  22-05-2023 06:00 via ft.com
  Headline rate set to fall sharply when April data is published on Wednesday as last year’s energy spike drops out of the figures
  
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• UK parliamentary committee chair backs call for audit of Teesside project

  22-05-2023 05:00 via ft.com
  Meg Hillier says NAO probe needed as she highlights longstanding concerns over scheme in north-east England
  
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• Economist Daniel Chandler: ‘Shareholders have all the power. It doesn’t have to be that way.’

  22-05-2023 05:00 via ft.com
  The author of ‘Free and Equal’ makes the case for workplace democracy
  
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