Finance news

• Sunak orders inquiry into hidden fees hitting consumers in pocket

  09-06-2023 23:07 via ft.com
  Business department to review ‘drip pricing’ of extra booking, joining and other charges
  
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• Apache announces end to North Sea drilling hours after UK scales back windfall tax

  09-06-2023 21:19 via ft.com
  Job losses expected as leading operator cites ‘challenging macro environment’ for energy industry
  
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• Bank increases interest to 5.28% on fixed savings account and earns ‘excellent’ rating

  09-06-2023 20:54 via express.co.uk
  
  OakNorth Bank has grown increasingly competitive with interest rates in the past few months.
  
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• UK tax agency asks people named in Pandora Papers to verify their affairs

  09-06-2023 20:37 via ft.com
  HM Revenue & Customs tells individuals they have 30 days to report outstanding tax payments or face penalties
  
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• UK towns where people are most desperate to buy homes mapped

  09-06-2023 19:36 via express.co.uk
  
  House prices are falling and demand is picking up already - but where do people most want to settle these days? Check our map to find out.
  
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• Labour under pressure over plans for UK economy

  09-06-2023 19:15 via ft.com
  Also in today’s newsletter: Eurozone in recession, Turkey’s central bank chief, and how the pandemic has disrupted the dating cycle
  
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• Interest rates bombshell with forecast predicting two more years till they drop

  09-06-2023 19:10 via express.co.uk
  
  Mortgage payers will face higher monthly repayments for at least the next two years after a new forecast suggested that interest rates will not start to fall until 2025.
  
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• UK musicians’ union clashes with record labels over 40% pay rise

  09-06-2023 18:44 via ft.com
  Industry executives question failure of union bosses to put the offer to members
  
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• How stubborn inflation has undermined the UK housing market

  09-06-2023 18:07 via ft.com
  Lenders have continued to raise mortgage rates, leaving buyers and homeowners struggling with costs
  
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• Contractors turn down work due to IR35 tax changes

  09-06-2023 16:08 via ft.com
  Survey finds 53% of freelancers rejected contracts — with many looking for work abroad
  
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• Buy-to-let landlords feel the strain

  09-06-2023 15:04 via ft.com
  Spiralling UK mortgage rates hit home amid fears over impending legislation
  
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• HMRC to shut self assessment helpline over summer

  09-06-2023 13:23 via ft.com
  Authority says move will free up 350 staff to prioritise urgent calls
  
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• 'We started out with £50 between us - Now our business is on track to make £1million'

  09-06-2023 12:07 via express.co.uk
  
  A brother-sister duo could only afford £20 a week for budget groceries in the beginning, now they're on track to make £1million.
  
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• Bank increases interest rates twice in a week to ensure ‘better returns’ for customers

  09-06-2023 11:40 via express.co.uk
  
  Aldermore has increased the interest rates on a range of fixed rate bonds and ISAs just days after boosting rates on its easy access savings accounts.
  
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• Homeowners warned of 'looming mortgage shock’ as thousands may be hit with £300 rise

  09-06-2023 10:58 via express.co.uk
  
  Homeowners who transition to variable-rate mortgages after their fixed deals come to an end this year will face an average increase of approximately £300 in their monthly repayments, new research shows.
  
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• Labour waters down commitment to £28bn green plan

  09-06-2023 10:43 via ft.com
  Shadow chancellor Rachel Reeves says borrowing for projects to curb emissions would ramp up gradually
  
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• Labour scales back commitment to £28bn green plan

  09-06-2023 10:43 via ft.com
  Shadow chancellor Rachel Reeves says borrowing for infrastructure investment would ramp up gradually
  
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• Martin Lewis urges energy direct debit customers to check if they are in credit

  09-06-2023 10:19 via express.co.uk
  
  He took a question from someone who was in credit on their energy bills but who couldn't get a refund from their supplier.
  
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• Savings accounts pay best rates in 15 years as new bond pays 5.30% 'Unbelievable'

  09-06-2023 09:50 via express.co.uk
  
  Savers are getting the best rates since 2007 as interest rate expectations soar. One savings expert can't believe what she's seeing.
  
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• Savings accounts offer best rates in 15 years as new bond pays 'unbelievable' 5.30%

  09-06-2023 09:50 via express.co.uk
  
  Savers are getting the best rates since 2007 as interest rate expectations soar. One savings expert can't believe what she's seeing.
  
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• Yorkshire Building Society offers ‘competitive’ 4.5% interest on regular savings account

  09-06-2023 09:47 via express.co.uk
  
  Yorkshire Building Society is offering a regular savings account to help people earn a "competitive return" on their short-term savings.
  
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• Tax code BR: How to check if all of your income will be slapped with 20% tax rate

  09-06-2023 09:20 via express.co.uk
  
  Individuals should make sure they are paying the correct amount of income tax or they could be overcharged by thousands of pounds over the course of a year.
  
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• UK government sets price floor for oil and gas windfall tax

  09-06-2023 09:10 via ft.com
  Rate of 75% will fall to pre-crisis level if prices decline
  
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