Finance news

• Thames Water faces resistance in £1bn investor cash call, says Ofwat chief

  04-07-2023 20:30
  Utility struggling to raise sum and would need even more beyond that, regulator tells Lords committee
  
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• Sunak admits UK inflation proving ‘more persistent’ than expected

  04-07-2023 20:06
  PM pledges ‘responsible’ approach to public sector pay to help efforts to curb price rises
  
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• Adapting the NHS to the needs of a new era

  04-07-2023 18:54
  At 75, Britain’s feted health service is struggling to cope with demand
  
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• London’s clean air zone should not be expanded, High Court told

  04-07-2023 18:08
  Lawyers for 5 Tory-led councils argue mayor Sadiq Khan’s plan to widen Ulez is flawed
  
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• Orkney backs freedom bid after being ‘held down’ by Scotland and UK

  04-07-2023 17:45
  Councillors rule out rejoining Norway as archipelago considers ‘alternative forms of governance’
  
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• Five-year mortgage rates hit 6%! How can we avoid a house price crash now?

  04-07-2023 17:21 via express.co.uk
  
  The UK property market has yet to crash but it's coming under intense pressure as today's skyrocketing mortgage rates smash through another barrier.
  
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• Airbus moves ahead with UK lightweight wing programme

  04-07-2023 17:10
  New facility is being used to build and test prototypes as the group looks to maintain its lead over US rival Boeing
  
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• Barclays to shut an extra 6 bank branches - full list of closures in July

  04-07-2023 15:29 via express.co.uk
  
  Barclays will shut at least 132 of its bank branches throughout 2023 and 2024 across England, Scotland and Wales, with more being announced each month.
  
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• Martin Lewis gives verdict on homeowner slashing pension contributions as mortgage soars

  04-07-2023 13:57 via express.co.uk
  
  Money saving expert Martin Lewis warned Britons are "giving away money" by deciding to reduce pension contributions without exhausting all other options available.
  
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• Ineos owner Jim Ratcliffe accuses UK regulator of being ‘hostile to business’

  04-07-2023 13:35
  The businessman is the latest to criticise what some executives view as an increasingly aggressive stance by the CMA
  
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• POLL: Should all second homes be charged more tax?

  04-07-2023 12:35 via express.co.uk
  
  Second homes are common in tourist areas across the UK but should owners be charged more council tax to support local communities? Vote below.
  
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• Savings warning as Britons miss out on extra £619 - banks 'blatantly profiteering’

  04-07-2023 12:16 via express.co.uk
  
  Bank executives have been called on by the Financial Conduct Authority due to concerns over low-interest rates on savings.
  
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• Average five-year fixed UK mortgage tops 6% as savings rates lag behind

  04-07-2023 11:49
  Borrowing costs breach threshold for first time since last year’s disastrous mini-Budget
  
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• Average 5-year fixed UK mortgage tops 6% as savings rates lag behind

  04-07-2023 11:49
  Borrowing costs breach threshold for first time since last year’s disastrous mini-Budget
  
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• Sainsbury’s says food inflation ‘starting to fall’ as sales rise

  04-07-2023 11:14
  Supermarket group chief pledges to pass on savings to customers
  
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• Mortgage warning as average five-year fixed deal sits above 6%

  04-07-2023 10:53 via express.co.uk
  
  Mortgage rates have been slowly rising following base rate rises since May as the Bank of England attempt to bring inflation down to their two percent target.
  
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• 'Amazing idea’ Man sold car to fund business now it makes £10m and he drives a Lamborghini

  04-07-2023 10:39 via express.co.uk
  
  One man funded his business by selling his worn-out Renault and now makes £10m a year and drives a Lamborghini.
  
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• Refund averts chilling Greek villa tragedy - The Crusader

  04-07-2023 10:07 via express.co.uk
  
  A couple's dream Greek holiday turns into a nightmare but Crusader helps avert the tragedy by helping them get the compensation they deserve.
  
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• British Gas customers have weeks left to submit a meter reading or risk being overcharged

  04-07-2023 09:36 via express.co.uk
  
  With the energy price cap dropping, many risk being overcharged if they don't take a meter reading for their suppliers.
  
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• UK food price inflation begins to ease, says Sainsbury’s

  04-07-2023 08:57
  Supermarket group chief pledges savings will be passed on to customers
  
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• Why are interest rate rises not taming inflation?

  04-07-2023 06:01
  Tight labour markets and outright home ownership delay the return to price stability
  
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• Protests against warehouse projects rise as demand for storage space rebounds

  04-07-2023 06:01
  More local residents are objecting to plans and delaying development
  
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• Chris Rokos reaches settlement with Deloitte over £40mn tax bill

  04-07-2023 06:01
  Billionaire hedge fund manager claimed firm misadvised him over investment in Tyneside enterprise zone
  
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• Councils in England and Wales face £2bn shortfall as inflation bites

  04-07-2023 05:40
  Analysis by Local Government Association shows more local authorities struggling to deliver on basic services
  
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