Finance news

• Reeves embraces ‘Bidenomics’ as the blueprint for a Labour government

  23-05-2023 23:07 via ft.com
  Shadow chancellor endorses a muscular industrial policy but says spending must comply with fiscal rules
  
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• Reeves embraces ‘Bidenomics’ as blueprint for a Labour government

  23-05-2023 23:07 via ft.com
  Shadow chancellor endorses muscular industrial policy but says spending must comply with fiscal rules
  
  Read more

• Government had to borrow £25bn in April as inflation wreaks havoc with UK economy

  23-05-2023 20:07 via express.co.uk
  
  Ministers greenlit borrowing tens of billions of pounds last month, trumping records set by the Government decades ago.
  
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• When to expect the next DWP cost of living payments to be made

  23-05-2023 19:35 via express.co.uk
  
  The Department for Work and Pensions' began rolling out its £301 payments to millions of households on means-tested benefits.
  
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• The government must win trust on legal migration

  23-05-2023 19:23 via ft.com
  Rishi Sunak has to make the case for foreign workers where they are needed
  
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• Homeowners warned of 5 'common mistakes' when remortgaging that may cost 'thousands more'

  23-05-2023 18:05 via express.co.uk
  
  Homeowners coming off their fixed-term deals this year face huge repayment hikes as the base rate sits at 4.5 percent.
  
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• Dave Ramsey explains how woman, 64, with £45,000 savings can get by in retirement

  23-05-2023 16:46 via express.co.uk
  
  Dave Ramsey reassured a 64-year-old woman that she "will be okay," despite having to work through her retirement because she has little saved.‌
  
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• DWP confirms when to expect £150 cost of living payment but stark warning issued

  23-05-2023 15:51 via express.co.uk
  
  People on certain disability benefits are to get the £150 next month but several charities have said more needs to be done.‌
  
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• BoE admits ‘very big lessons to learn’ over failure to forecast rise in inflation

  23-05-2023 15:20 via ft.com
  Governor Andrew Bailey admits central bank no longer following its own model when predicting price rises
  
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• Barclays customer 'devastated' after losing £30,000 home deposit to fraudsters

  23-05-2023 15:18 via express.co.uk
  
  The Barclays customer became just one of the growing number of victims to fall for this scam last year, losing over £30,000.
  
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• State pension and Universal Credit payment dates are changing this week

  23-05-2023 14:03 via express.co.uk
  
  People may receive their state pension and Universal Credit payments early this week.
  
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• Yorkshire Building Society offers market-leading interest on easy access ISA

  23-05-2023 13:47 via express.co.uk
  
  Easy access ISA accounts are offering some of the highest interest rates seen in decades, and this includes an offer from Yorkshire Building Society.
  
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• Bank closures in your area MAPPED: Check if your local branch is shutting its doors

  23-05-2023 12:58 via express.co.uk
  
  In 2023, over 400 bank branches have closed or will close around the country. A total of 397 are shutting their doors in England, 37 in Wales, 20 in Scotland and five in Northern Ireland.
  
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• Grieving family scammed out of £4,000 which was meant for scattering late mum's ashes

  23-05-2023 12:34 via express.co.uk
  
  The family arranged the payment via messages with a legitimate email address but only realised later scammers had been monitoring the exchange and had stolen their money.
  
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• Barclays and HSBC among banks closing 400 branches - see if your local branch is closing

  23-05-2023 12:31 via express.co.uk
  
  More than 400 bank branches will be closing for good this year as more customers take business online instead.
  
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• Ofwat probes South West Water over leakage data

  23-05-2023 12:18 via ft.com
  Pennon-owned monopoly faces a fine of as much as 10% of turnover
  
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• IMF says it no longer expects UK recession this year

  23-05-2023 10:59 via ft.com
  Outlook notes that inflation remains ‘stubbornly high’
  
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• You could avoid paying large inheritance tax bill - 'some already call it voluntary tax'

  23-05-2023 10:46 via express.co.uk
  
  More Britons are becoming liable to pay inheritance tax with the latest receipts for the 40 percent tax at £100million higher compared to last year.‌
  
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• Reduced immigration demands do not align with realities of low funding

  23-05-2023 10:30 via ft.com
  The Conservative party needs to address issue of spending on skills and staffing
  
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• POLL: Should state pension be increased to a minimum of £320 a week?

  23-05-2023 10:22 via express.co.uk
  
  A campaign group for senior citizens in the UK has called for a £320 minimum state pension to ensure older Britons have sufficient income without having to rely on Pension Credit.
  
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• Best savings accounts for easy access with high interest right now

  23-05-2023 09:34 via express.co.uk
  
  Easy access savings accounts are now paying interest rates as high as 4.25 percent.
  
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• Dragons' Den stars slammed product as 'tacky' - it's now worth millions

  23-05-2023 09:20 via express.co.uk
  
  Dragons' Den investors were unconvinced the idea would be popular but the company went on to sign a deal with a major retailer.
  
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• UK public borrowing rises on social security and interest payments

  23-05-2023 08:21 via ft.com
  Net borrowing stands at £25.6bn in April, higher than expected
  
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• How do I check I’m complying with HMRC rules?

  23-05-2023 06:00 via ft.com
  I’ve received a letter from the tax office suggesting I may not have abided by IR35 laws
  
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• Banking, tech and telecoms groups combine to gather intelligence on scammers

  23-05-2023 05:00 via ft.com
  Cross-industry body announces pilot after companies warn UK fraud strategy is too weak to tackle problem
  
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• Britons among most gloomy on inflation prospects, survey finds

  23-05-2023 01:03 via ft.com
  Six in 10 think it will take at least a year for cost rises to return to normal level
  
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• Britons among most gloomy on inflation prospects

  23-05-2023 01:03 via ft.com
  Survey finds six in 10 think it will take at least a year for cost rises to return to normal level
  
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