Finance news

• Government clamps down on English councils considering four-day week

  26-10-2023 20:05 via ft.com
  Levelling up department says plans for workers to cut hours without losing pay does not give taxpayer value for money
  
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• 'Ludicrous quirk of the tax system' overcharges pension savers £61million - 'ridiculous!'

  26-10-2023 18:45 via express.co.uk
  
  Almost 19,000 reclaim forms were processed during the last three months of the year.
  
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• ‘Drain on finances!’: Blow for borrowers as interest rate on loan repayments double:

  26-10-2023 17:51 via express.co.uk
  
  Borrowers are struggling to pay loan repayments as interest rates continue to rise following intervention from the Bank of England.
  
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• Energy firm slammed after securing warrants to force fit prepay meters in customer homes

  26-10-2023 16:43 via express.co.uk
  
  New warrants have been granted to Scottish Power to allow the force-fitting of prepayment meters in homes where energy bills have been unpaid
  
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• UK regulator warns on financial health of four water suppliers

  26-10-2023 16:18 via ft.com
  Annual Ofwat report flags Thames Water, Southern Water, South East Water and SES Water as high priority
  
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• Paragon Bank launches new market-leading easy access account and earns 'excellent' rating

  26-10-2023 16:06 via express.co.uk
  
  Savers can benefit from a 5.25 percent interest rate with Paragon Bank - as long as no more than two withdrawals are made per year.
  
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• 'Deeply worrying drop' in pension credit take-up as millions miss out on £3,500 a year

  26-10-2023 16:02 via express.co.uk
  
  Up to 880,000 families who were entitled to receive Pension Credit did not claim it.
  
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• Savers urged to take advantage of ‘excellent’ savings interest rate of 5.90 percent

  26-10-2023 15:12 via express.co.uk
  
  Banks have raised the savings interest rates of many of their accounts over the past year.
  
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• UK air traffic controller can raise airline fees by 26%, says regulator

  26-10-2023 14:28 via ft.com
  Approval by Civil Aviation Authority follows systems failure disruption to August bank holiday travel
  
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• Santander confirms reduction to mortgage rates for homeowners: ‘Outstanding choice!’

  26-10-2023 14:22 via express.co.uk
  
  Banks, such as Santander, are slashing mortgage rates to help homeowners during the cost of living crisis.
  
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• Mortgage rates set to ‘come down further’ as Bank of England to pause base rate hikes

  26-10-2023 13:25 via express.co.uk
  
  The Bank of England's interest rate rises have impacted mortgages but for how much longer?
  
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• Pension service swamped by 250,000 calls as Britons scramble to track down lost savings

  26-10-2023 12:07 via express.co.uk
  
  A person can easily lose track of a pension when they change job or move to a new home and so lose touch with thousands of pounds of their savings.
  
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• Lost in cyberspace! Internet will swallow your family's inheritance unless you do this

  26-10-2023 08:00 via express.co.uk
  
  More than 20 million Britons are at risk of losing their family fortunes by failing to draw up a digital legacy for our online finances. Unless loved ones know where we keep our money, they may never find it.
  
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• Why ditching hydrogen heating for homes makes sense 

  26-10-2023 06:00 via ft.com
  Keeping too many options open may slow progress to net zero
  
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• Rationing access to apprenticeships is increasing the UK’s skills deficit

  26-10-2023 06:00 via ft.com
  Places for vocational training should be funded in the same way as degrees and match demand from young learners
  
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• UK benefit reform will cause hardship without aiding economy, charities warn

  26-10-2023 01:01 via ft.com
  Proposed changes to work capability assessment could be centrepiece of push to cut welfare bill in Autumn Statement
  
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