Financial news

• I want to extend the lease on my flat, but the freeholders won't help

  27-05-2019 08:00
  The person who owns 60% of the freehold would be uncooperative as we had a disputeQ I live in a Victorian house that has been converted into five flats. I bought my flat several years ago and own 20% of the freehold. The lease on my flat is now less than 80 years, and understandably I want to extend the lease. The managing agent told all the leaseholders last year that he would take action to extend the leases but has done nothing about it and does not respond to my emails. He is not an easy per
  
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• Contacting BA about lost Avios rewards has proved pointless

  27-05-2019 08:00
  My Executive Club membership has been closed and points have disappearedBritish Airways closed my Executive Club membership and has given my Avios reward points to someone with a different name. This was done without consultation. I had about 11,550 points, and a flight scheduled in July, which would earn more. I received an email in March telling me that 5,776 points had been transferred into my Executive Club account. But the other 5,776 appear to have been put into a different name, a combina
  
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• Number of over-70s still in work more than doubles in a decade

  27-05-2019 07:00
  Despite benefits of working into retirement, campaigners say figures point to pensioner poverty in UKThe number of people aged over 70 who are still working has more than doubled in a decade to nearly half a million, new research has shown.The number of those aged over 70 who are in full- or part-time employment has been steadily rising year on year for the past decade, according to new Office for National Statistics data, reaching a peak of 497,946 in the first quarter of this year – an i
  
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• Tax system does help reduce UK's inequality problem, says report

  27-05-2019 01:01
  IFS study shows Conservatives wrong to plan tax cuts, says John McDonnellThe UK tax system does help reduce the country’s wealth inequality problem, according to a report released on Monday by the Institute for Fiscal Studies, but benefits still do most of the heavy lifting.The findings were seized on by the shadow chancellor, John McDonnell, who said the IFS’s evidence showed that the government was wrong to plan tax cuts. Continue reading...
  
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