Finance news

• Victory for Express crusade as banks warned the great 'rip off of savers' must end

  31-07-2023 23:01 via express.co.uk
  
  Bosses were told to stop the rip-offs as savers failed to benefit from months of soaring rates.
  
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• Industry calls on UK to accelerate carbon capture as new projects approved

  31-07-2023 20:39
  Two more schemes get government backing in Scotland and Northeast but 2030 target looms
  
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• Teaching unions call off strikes in England after accepting pay offer

  31-07-2023 19:11
  Government says vote by four unions in favour of 6.5% rise is ‘good news’
  
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• UK mortgage approvals and consumer credit jump despite higher rates

  31-07-2023 18:24
  Surprise data comes ahead of Bank of England meeting this week
  
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• Fair returns for holidaymakers who fled dirty damp rental cottage – The Crusader

  31-07-2023 17:39 via express.co.uk
  
  Two holidaymakers faced major disappointment when renting a cottage as they were confronted by a damp and cold chamber full of dirt and peeling paint.
  
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• Inheritance tax slammed as ‘unfair’ as 50,000 Britons dragged into paying levy

  31-07-2023 16:22 via express.co.uk
  
  The Government opted to freeze the inheritance tax threshold until 2028 which has seemingly resulted in more taxpayers being forced to pay up.
  
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• Young entrepreneur earns £5,000 a month with business he started at university

  31-07-2023 16:19 via express.co.uk
  
  He was able to get funding from his university to help launch his enterprise with his revenue increasing fourfold in the business' second year.
  
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• Savings accounts are paying up to 7% interest - 'key' things to consider before switching

  31-07-2023 16:19 via express.co.uk
  
  Two in five savers are currently paid interest rates lower than 2.5 percent.
  
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• UK’s biggest teaching union calls off strikes after backing pay offer

  31-07-2023 15:58
  Members of National Education Union vote to accept 6.5% wage rise
  
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• Carbon capture and storage: revenue transparency required

  31-07-2023 15:27
  UK prime minister has identified four CCS projects he hopes will be built this decade
  
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• UK accounting watchdog appoints Richard Moriarty as chief executive

  31-07-2023 15:23
  Financial Reporting Council in the process of making significant reforms to improve auditing
  
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• Nationwide relaunches current account with £100 cashback - savers urged to ‘act quickly’

  31-07-2023 14:14 via express.co.uk
  
  Savers can also benefit from fee-free overdrafts up to £3,000 further down the line of opening an account.
  
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• Capita chief Lewis to step down

  31-07-2023 14:00
  Appointment of Amazon Web Services executive comes after data breaches at UK outsourcer
  
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• ‘Good news’ for mortgage borrowers as signs emerge that interest rates will soon stabilise

  31-07-2023 13:47 via express.co.uk
  
  EXCLUSIVE: Mortgage rates may continue to climb but could soon stabilise as part of a ‘new normal', an expert has said.
  
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• ‘Don’t delay!' Martin Lewis urges Brits to ‘check’ credit card to avoid £100s in charges

  31-07-2023 13:36 via express.co.uk
  
  The host of The Martin Lewis Money Show is offering vital advice to those saddled with credit card debt.
  
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• UK regulator sets deadline for banks to justify low interest rates for savers

  31-07-2023 13:23
  Financial Conduct Authority finds just 28% of BoE rate increases passed on to instant access accounts
  
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• UK mortgage approvals rise despite higher interest rates

  31-07-2023 13:14
  Increase in deals comes as consumer credit grows at fastest pace since 2018, Bank of England finds
  
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• NS&I reveals how to add Premium Bonds as far back as 50s to online accounts

  31-07-2023 12:38 via express.co.uk
  
  A man ran into trouble when trying to open an online account and add his old Premium Bonds.
  
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• UK regulator to take action if banks fail to pass rate rises on to savers

  31-07-2023 12:05
  Financial Conduct Authority outlines 14-point plan to tackle issues in savings rate market
  
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• UK mortgage approvals rise unexpectedly

  31-07-2023 11:16
  Increase comes despite BoE raising interest rates sharply to 5%
  
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• Sunak to expand UK’s North Sea drilling and carbon capture

  31-07-2023 09:41
  Energy policy becomes divisive as Labour party claims PM is backtracking on green commitments
  
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• Capita chief Jon Lewis to retire

  31-07-2023 09:17
  Departure comes after two data breaches at UK outsourcer
  
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• You really could make your child a millionaire - by investing just £1k a year

  31-07-2023 08:00 via express.co.uk
  
  Parents and grandparents have an opportunity to make their little ones millionaires by taking action today. It could cost less than you think due to the miracle of long-term compound growth.
  
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• These superfund zombies won’t take over the pensions market

  31-07-2023 06:00
  For-profit superfunds raise concerns about regulatory arbitrage but the need for them is much reduced after market changes
  
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• Bank of England poised to raise rates to fresh 15-year high

  31-07-2023 05:00
  But analysts and investors are divided on the size of the increase expected from the central bank
  
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• Bank of England poised to raise rates to a fresh 15-year high

  31-07-2023 05:00
  But analysts and investors are divided on the size of the increase expected from the central bank
  
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