Financial news

• Vote-grabbing gimmicks put pensions at risk | Letters

  07-06-2019 18:47
  David Blake, Edmund Cannon and Ian Tonks criticise James Brokenshire’s idea to let first-time buyers dip into pension funds for a deposit on a home, while Sue Ferns says we are still a long way off gender equality in pensionsWe view with deep misgivings the suggestion by James Brokenshire that first-time buyers be allowed to dip into their pension funds to help them get a deposit on a home (Report, 4 June). There is considerable evidence suggesting that people save too little for their old
  
  Read more

• Let’s move to Bognor Regis, West Sussex: it’s used to being the butt of jokes

  07-06-2019 17:30
  The seaside resort, whose name was immortalised by George V, is ripe for reinventionWhat’s going for it? Bognor is still waiting for its Brighton moment. Or its Margate moment. Even an Eastbourne moment would do. A House of Lords report demands that seaside resorts reinvent themselves, and Bognor’s local council has promised future creative digital hubs and, doubtless, co-working spaces and yuzu juice for all. Bognor is a curious beast. To the east, Butlin’s. To the west, the p
  
  Read more

• Millions could pay more for energy under price cap tweak

  07-06-2019 16:12
  Plan to change prepayment meter limit expected to raise bills by nearly £1 a weekFour million vulnerable households using prepayment gas and electricity meters could face higher bills under plans to tweak the energy price cap.A proposal from the Competition and Markets Authority risks raising bills by changing how the prepayment meter cap is calculated. Continue reading...
  
  Read more

• Mortgage UK: What is a mortgage? Repayment and interest-only mortgages explained

  07-06-2019 15:19 via feedproxy.google.com
  MORTGAGES are something which many people may look to get during their lifetime. There are different options when getting a mortgage. What’s the difference between a repayment mortgage and an interest-only mortgage?
  
  Read more

• Advertisement

• Overdraft charges BANNED: Can I claim my overdraft charges back?

  07-06-2019 14:25 via feedproxy.google.com
  OVERDRAFT charges will be banned from next April the Financial Conduct Authority has announced. Can you claim your overdraft charges back?
  
  Read more

• Universal credit advance: When do you find out if you can get an advance payment?

  07-06-2019 14:19 via feedproxy.google.com
  UNIVERSAL CREDIT payments are usually made around five weeks after the claim. It’s possible to apply for an advance, if a person needs help in paying bills or covering other costs.
  
  Read more

• Council tax when moving out: What happens when you move during council tax year

  07-06-2019 13:17 via feedproxy.google.com
  COUNCIL tax is a payment which many renters and homeowners alike will have to pay. What happens when an individual moves house? A look at the process of altering the council tax bill one will get when moving property.
  
  Read more

• Overdraft charges: Daily and monthly bank overdraft fees BANNED in major shake-up

  07-06-2019 12:58 via feedproxy.google.com
  OVERDRAFT charges per day and per month have been banned by the Financial Conduct Authority .
  
  Read more

• Advertisement

• The modern hunter-gatherer: how I tracked down a new credit card and foraged for dinner

  07-06-2019 11:38
  Dad-of-two Richard Woolley has a lot on his plate, so he thought it was about time he diversified – with a new balance transfer credit card and a foraging expedition …I can’t decide whether or not to sign my children up to the Cub scouts. On the one hand, they’re exactly the kind of kids for whom lessons in knot tying and a badge-based achievement system are totally thrilling prospects. Then again, we’re already locked into football and swimming classes, alongside
  
  Read more

• Credit control: a simple guide to finding the right card for you

  07-06-2019 11:38
  Looking to get a new credit card, but you’ve no idea where to start? Then have a read of this no-nonsense guide …Applying for a new credit card can be a daunting task. Not only is there the chance your application might be rejected – which in turn could have a negative impact on your credit rating (top tip: this is why it’s always a good idea to undertake a credit card eligibility check first!) – but trying to figure out which card is right for you is enough to mak
  
  Read more

• Pound US dollar exchange rate rises as Labour narrowly defeats Brexit Party in by-election

  07-06-2019 10:57 via feedproxy.google.com
  The pound-US dollar exchange rate edged higher today and is trading around $1.271 at the time of writing. The pairing has risen following Peterborough’s by-election result, which saw Labour win narrowly against the Brexit Party. Labour leader Jeremy Corbyn said: “Peterborough has shown clear support for Labour's programme to end austerity and invest in services and communities, rejecting a decade of Tory cuts and their disastrous handling of Brexit.”
  
  Read more

• German factories hit by 'horrible' export fall as Brexit stockpiling ends - business live

  07-06-2019 10:26 via theguardian.com
  Rolling coverage of the latest economic and financial news, including disappointing German data and the latest US jobs reportLatest: Bundesbank slashes growth forecastsIntroduction: Germany had a bad AprilEconomist: It’s a horrible start to Q2Factory output fell 1.9%; exports tumbled 3.7%UK sales tumble as Brexit stockpiling slows 9.26am BST The news that Germany’s economy struggled so much in April has sent European stock markets.... higher!The main indices are all up around 0.7%, l
  
  Read more

• Pound euro exchange rate rises as German factories struggle against trade and Brexit

  07-06-2019 10:25 via feedproxy.google.com
  This morning the pound has risen against the euro, and the pairing is currently trading at around €1.128. The Eurozone’s largest economy continued to show signs of vulnerability to headwinds from Brexit and trade tensions on Friday, with figures revealing that Germany’s industrial output and exports fell further than forecast in April.
  
  Read more

• City regulator bans high overdraft fees to reform 'dysfunctional' market

  07-06-2019 09:41 via theguardian.com
  Vulnerable consumers are disproportionately hit by excessive charges, says FCAThe City regulator has accused UK banks of causing “significant harm” to their most vulnerable customers as it pushes ahead with a ban on excessive overdraft fees.The Financial Conduct Authority (FCA) said it will stop the practice of high street banks imposing higher penalties for unarranged overdrafts than for agreed overdrafts, among a number of new rules announced on Friday. Continue reading...
  
  Read more

• Why tariffs could be Trump's undoing | Ross Barkan

  07-06-2019 08:00 via theguardian.com
  Even otherwise spineless Republican senators are alarmed at Trump’s trade wars – because tariffs are hurting crucial 2020 battleground states
  In the end, it was not the ceaseless lying, the Muslim ban, the alleged obstruction of justice, the pandering to white supremacists, the demonization of immigrants, or the climate change denialism that most outraged Donald Trump’s party. The norm-shattering president finally became too much for Republican politicians when he threatened to
  
  Read more

• Two-bedroom city centre flats for sale – in pictures

  07-06-2019 08:00 via theguardian.com
  Live in the middle of the action with these urban apartments, from London to Glasgow Continue reading...
  
  Read more

• Storm-battered Indiana farmers fear new Trump tariff tempest

  07-06-2019 08:00 via theguardian.com
  Tornadoes and worse hit the state’s corn belt recently but trade wars with China and Mexico threaten ‘a very big impact’The sun is finally shining in Indiana and the farming community is frantic. The ground is sodden. Storms and worse have swept the corn belt this spring. Memorial Day, the official start of summer, was marked by tornadoes and hail.Angie Williams and her father Bruce have just started planting on their 1,000-acre farm in Avon, Indiana. “My dad is 64 and he
  
  Read more

• Do we need black people on our banknotes? | Afua Hirsch

  07-06-2019 07:00 via theguardian.com
  I hesitated before supporting the campaign for representation. But the Bank of England’s feeble response convinced me it’s neededUsually, when a new campaign to rectify our national failure to acknowledge black ingenuity in building modern Britain comes along, I support it enthusiastically. I’ve backed the critique of our statues, for example, which promote white supremacists as heroes and ignore people of colour; and of our curriculum, which promotes ignorance about the racial
  
  Read more

• Huawei must raise 'shoddy' standards, says senior UK cybersecurity official

  07-06-2019 02:42 via theguardian.com
  GCHQ technical director says he hasn’t seen anything that reassures him company is taking necessary security steps China’s Huawei Technologies needs to raise its “shoddy” security standards which fall below rivals, a senior British cyber security official said on Thursday, as the company came under increasing pressure internationally.The US has led allegations that Huawei’s equipment can be used by Beijing for espionage operations, with Washington urging allies to b
  
  Read more

• Zuckerberg's Hawaii estate: battle's latest turn 'devastates' local family

  07-06-2019 02:07 via theguardian.com
  After the Rapozo family blocked their billionaire-backed cousin from buying land, the tables have suddenly turnedThe March auction was a rare win for the underdog: a group of Hawaiian relatives were able to block their distant cousin from buying up one of four small parcels of land for sale on the island of Kauai. The outcome was shocking because that distant cousin, the retired professor Carlos Andrade, had the backing of one of the richest men in the world: the Facebook CEO, Mark Zuckerberg, w
  
  Read more

Follow @financialnwsUK on Twitter!