Financial news

• Higher inflation and rising debt threaten millions in UK

  05-11-2016 22:01 via theguardian.com
  
  Experts warn of imminent fall in living standards due to sharp fall in value of pound after referendumUK households should brace themselves for a combination of rising inflation, low pay and increased debt that will squeeze living standards next year and push more people into financial difficulty, experts have warned.Higher inflation, weak wage growth and rising levels of consumer debt are expected to weigh on households next year as the economy adjusts to the post-referendum environment. Contin
  
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• Economic woes create anti-establishment movements around the world

  05-11-2016 17:00 via theguardian.com
  
  In some western countries frustration with the status quo is boosting populist and rightwing political partiesThe US is not the only western nation to be undergoing political ructions over the faltering post-crisis recovery. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Meanwhile, there’s a growing sense in developed economies that workers have yet to benefit from the recovery or rising globalisation. Continue
  
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• The ground rent scandal that is engulfing new home buyers

  05-11-2016 08:01 via theguardian.com
  
  • Flat owner reports being trapped in property valued at zero just six years after being built
  • £1,000-plus fees to freeholder for permission to build extension• £35,000 quote to buy freehold on Bovis detached house built a year agoFollowing a special report in last week’s Guardian Money, there has been a huge response from readers caught out by leases with sky-rocketing ground rents. Continue reading...
  
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• ‘Switch and save’ say energy experts, as fixed-rate tariffs end

  05-11-2016 08:01 via theguardian.com
  
  Consumers can avoid the higher prices of standard tariffs by looking for a new supplierHouseholders who signed up to one of 64 fixed-price gas and electricity tariffs which are due to expire in the next few weeks are facing price rises of up to £285 a year, energy experts are warning.Around a year ago, thousands of UK households moved to one-year fixed energy tariffs, but 12 months on they will be dumped on to their energy provider’s much more expensive “standard” tariff
  
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• Your chance to go green with an energy Isa

  05-11-2016 08:00 via theguardian.com
  
  Product from ethical investment platform Abundance and Swindon council allows public to invest in renewables tax-freeWhat’s been described as the UK’s first “green energy” Isa is set to go on sale this weekend, and has received an endorsement of sorts from a senior government minister.It is the result of a link-up between ethical investment platform Abundance and Swindon borough council, and will allow the public to invest directly in renewable energy projects, tax free.
  
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• Is an electric toothbrush really worth the expense?

  05-11-2016 08:00
  
  My dentist says so, but the spread of pricing is bewilderingEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• With Tesco offering a 3% current account, every little really does help

  05-11-2016 07:59
  
  • Santander has halved the rate on its 123 account, so it’s time for savers to shop around for better returns
  • Borrowers, meanwhile, can get their hands on a cheapest-ever personal loanLooking for a better return on your savings? Here’s a tip: get yourself down to Tesco. The decision by high street banks such as Santander to slash interest rates on their current accounts means that for those people who have a few thousand pounds in savings and want easy access to their cas
  
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• Shunt these useless train ticket insurance policies into the sidings

  05-11-2016 07:59 via theguardian.com
  
  What’s the point of Trainline’s ‘cancellation protection’ if it doesn’t even cover a cancellation?There are certain buttons on the internet that no one ever clicks. No 17-year-old presses “exit” when warned that the content is only suitable for adults aged 18 years and above. No one clicks “reject” when told about cookies (even if they should). And I thought no one ever said “yes” to Trainline’s insurance. Why bother to pay&
  
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• MAPPED: Which area of the UK will see the biggest house price booms within five years

  05-11-2016 06:07 via feedproxy.google.com
  HOUSE prices are set to rise by £50,000 in certain areas in the UK over the next five years.
  
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• Rise in sales of £1m-plus homes despite high stamp duty bills

  05-11-2016 01:01
  
  The number of expensive property sales in the UK rose by 12% in the first half of 2016More homes changed hands for at least £1m in the first half of this year than in the same period of 2015, despite high stamp duty bills and uncertainty ahead of the EU referendum.The number of £1m property sales was up by 12% year-on-year to 6,684, according to Lloyds bank, more than offsetting a 6% fall the previous year. Continue reading...
  
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• Homes in Areas of Outstanding Natural Beauty – in pictures

  05-11-2016 00:45
  
  Nestle yourself in protected areas of countryside from Kent to Northumberland with these out-of-the-way properties Continue reading...
  
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