Finance news

• Recession looms in 2024 as services sector hit by rising interest rates

  05-09-2023 22:45 via express.co.uk
  
  The UK is still at risk of recession due to soaring interest rates, according to recent statistics.
  
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• Taylor Swift fans lose up to £1,559 in fake Eras Tour ticket scam: ‘Be smart!’

  05-09-2023 22:04 via express.co.uk
  
  Scams are increasingly becoming prevalent online with fraudsters taking advantage of Taylor Swift's record-breaking Eras Tour.
  
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• Pension Protection Fund pushes for new remit to boost UK investment

  05-09-2023 21:01 via ft.com
  Statutory public corporation says its role should be expanded so that it can manage healthy defined benefit schemes
  
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• ‘I became a millionaire after buying a £120 number plate for my car!’

  05-09-2023 20:28 via express.co.uk
  
  Many entrepreneurs are able to turn smaller side hustles into enterprises worth millions.
  
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• Santander increases savings interest rates for September 2023 - full list of changes

  05-09-2023 20:08 via express.co.uk
  
  Banks, such as Santander, are increasing the interest rates of popular savings accounts.
  
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• NHS bosses order hospitals to check for dangerous concrete

  05-09-2023 19:54 via ft.com
  Letter to senior managers across health service follows controversy over safety risk posed by Raac in schools
  
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• Millions of Britons paid to cut energy usage this winter - how does it work?

  05-09-2023 19:39 via express.co.uk
  
  The Demand Flexibility Scheme aims to protect gas supplies and therefore prevent blackouts.
  
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• Birmingham city council declares itself in effect bankrupt

  05-09-2023 18:39 via ft.com
  Biggest UK local authority blames cost of settling equal pay claims
  
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• Birmingham city council declares effective bankruptcy

  05-09-2023 18:39 via ft.com
  Biggest UK local authority blames cost of settling equal pay claims
  
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• UK government looks to roll back sickness benefits

  05-09-2023 18:33 via ft.com
  Critics say move would leave vulnerable people in hardship without significant boost to number employed
  
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• Time for the UK to tax inflation

  05-09-2023 17:47 via ft.com
  Measures targeting salary increases or excess prices would provide the Bank of England with another policy instrument
  
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• Date of Autumn Statement announced as Jeremy Hunt to unveil tax and triple lock changes

  05-09-2023 17:11 via express.co.uk
  
  The Government has confirmed when this year's Autumn Statement will take place, with the pledge to halve inflation by the end of the year likely to take centre stage.
  
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• UK’s Birmingham city council declares effective bankruptcy

  05-09-2023 14:58 via ft.com
  Biggest local authority calls for government help to get ‘back on a sound financial footing’
  
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• UK’s Birmingham city council declares bankruptcy

  05-09-2023 14:58 via ft.com
  Biggest local authority calls for government help to get ‘back on a sound financial footing’
  
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• The 56 medical conditions that could qualify you for £100 weekly DWP benefit

  05-09-2023 13:04 via express.co.uk
  
  Attendance Allowance is a significantly underclaimed DWP benefit but can provide nearly £5,300 worth of support a year.
  
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• Wilko break-up begins with 1,300 more job losses

  05-09-2023 12:46 via ft.com
  Rival discounter B&M to acquire 51 stores but a similar number will close next week
  
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• Why Labour rejects a wealth tax | FT Interview

  05-09-2023 12:30 via ft.com
  
  The FT's Robert Shrimsley interviews Rachel Reeves, the shadow chancellor, and John McTernan, a former senior aide to the last Labour prime minister Tony Blair
  
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• Energy provider to open £40million customer support package to help with bills this winter

  05-09-2023 11:15 via express.co.uk
  
  OVO customers can also benefit from £1million worth of energy-saving products, such as electric blankets, LED bulbs and draught excluders.
  
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• Savings rates have stopped rising while mortgages FALL. Have we hit peak interest rates?

  05-09-2023 10:30 via express.co.uk
  
  All year we've been waiting for inflation to peak and the cost-of-living crisis to ease. Are we finally there?
  
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• Building Society offers 7.5 percent interest rate on regular savings account

  05-09-2023 09:23 via express.co.uk
  
  Savings interest rates have been growing increasingly competitive month on month, and Skipton Building Society members can now benefit from some of the highest returns on the market.
  
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• Big government is back. How will we pay for it?

  05-09-2023 06:00 via ft.com
  Countries are spending heavily on defence, welfare and the green transition. With debt levels already high, taxes look certain to rise
  
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• UK falling behind rivals on low-carbon hydrogen development

  05-09-2023 05:00 via ft.com
  Ministers urged to ‘regain momentum’ after Britain sinks from fourth place to eighth
  
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• UK consumer spending ‘rebounds’ in August

  05-09-2023 01:01 via ft.com
  Retail sales rise at annual rate of 4.1% after boost from holiday purchases, according to BRC figures
  
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