Financial news

• Let's face it: nuclear power is hideously dear and far from ideal | Nils Pratley

  23-07-2019 20:23
  The government should be backing renewables, not tying itself to an expensive nuclear futureThat bill-payers got stuffed in the deal that brought the Hinkley Point C project into existence is beyond dispute these days. Even government ministers barely quibble with the National Audit Office’s assessment that consumers will be paying through the nose for 35 years. Instead, the defence has tended to run along these lines: don’t worry, we’ve triggered a “resurgence” in
  
  Read more

• A new prime minister is forced upon us | Letters

  23-07-2019 18:53
  Readers respond to the election of Boris Johnson as Tory leaderPlease can someone tell me that I’m not mad, and that this really is happening (Boris Johnson elected new Tory leader, theguardian.com, 23 July). The UK claims to be a democracy. Our next prime minister has just been chosen by the 92,153 members of the Conservative and Unionist party, who voted for Boris Johnson. The UK electorate numbers 45,775,800 voters. The UK population stands at 66,961,230. So about 0.14% of the populatio
  
  Read more

• BA loses legal action against pilot strikes

  23-07-2019 17:58
  Holidaymakers’ flights could be disrupted as court rejects airline’s challenge to actionBritish Airways has lost its legal attempt to block planned strikes by pilots, which could take place next month and disrupt the travel plans of hundreds of thousands of passengers.The pilots union, Balpa, can now call strike dates with two weeks’ notice. However. it has said it will not set dates until after further talks with the airline, which intends to take its case to the court of appe
  
  Read more

• Boris Johnson: From tax to pensions, what may Prime Minister role mean for YOUR finances?

  23-07-2019 16:03 via feedproxy.google.com
  BORIS JOHNSON has won the Conservative Party leadership race, meaning he will become the Prime Minister in the UK. He's addressed personal finance matters such as pension tax relief changes and an increased higher-rate income tax threshold. What could his new PM role mean when it comes to personal finance?
  
  Read more

• Advertisement

• Do Universal Credit claimants need to pay Council Tax? Who can claim reduced tax bill?

  23-07-2019 16:02 via feedproxy.google.com
  UNIVERSAL CREDIT is a payment which may be made in order to help those on low income or who are out of work with their living costs. Do those receiving Universal Credit payments need to pay Council Tax?
  
  Read more

• Pound LIVE: GBP rallies against dollar and euro as Boris Johnson named new Prime Minister

  23-07-2019 13:16 via feedproxy.google.com
  THE pound rallied today against the dollar and euro as Boris Johnson is named as the new Prime Minister.
  
  Read more

• Is pet insurance worth it? Owner looks for answers after missed check up saw claim REFUSED

  23-07-2019 13:14 via feedproxy.google.com
  PET INSURANCE policies may be taken out in order to provide the owner with peace of mind about the financial implications of their pet falling ill. However, after their claim was refused, one policyholder has been left wondering: Is pet insurance worth it?.
  
  Read more

• Pound euro exchange rate: GBP/EUR falls as BoE’s Saunders turns dovish, new PM in focus

  23-07-2019 12:38 via feedproxy.google.com
  This morning, the pound slipped against the euro and the pairing is currently trading around €1.110. On Tuesday, the pound edged down as one of the Bank of England’s most hawkish policymakers Michael Saunders warned the UK economy looks weak.
  
  Read more

• Advertisement

• Pound US dollar exchange rate: GBP/USD eases as Boris Johnson expected to become PM

  23-07-2019 12:32 via feedproxy.google.com
  The pound US dollar exchange rate dipped by -0.3 percent this morning, leaving the pairing trading around $1.243 ahead of the expected announcement of Boris Johnson as the next Prime Minister of the United Kingdom.
  
  Read more

• State pension UK: How much is state pension? How can you increase the amount you get?

  23-07-2019 12:21 via feedproxy.google.com
  STATE PENSION payments can be something which many people will rely on during their later years. How much is the state pension? What are the ways to increase the amount that one gets?
  
  Read more

• New UK nuclear plants could be paid for upfront by consumers

  23-07-2019 11:13
  Government plans to attract investors by making taxpayer help pay for cost overrunsThe government has confirmed plans for consumers to begin paying for new nuclear reactors before they are built, and for taxpayers to pay a share of any cost overruns or construction delays.In a consultation document launched on Monday night, officials said the model is “essential” to attract private investors to back the UK’s new nuclear ambitions at a price that is affordable for bill payers. T
  
  Read more

• What is tax allowance for over 65? The tax-free amount which pensioners can claim

  23-07-2019 09:11 via feedproxy.google.com
  TAX allowances mean that a person may be allowed to enjoy some of their income tax-free. What is the tax allowance for those who are aged over 65?
  
  Read more

• Expand credit unions as alternative to payday lenders, FCA urges

  23-07-2019 08:44
  Non-profit cooperatives should be encouraged to disrupt high-cost lenders, says regulatorThe financial regulator is calling for a government review of credit union rules to give vulnerable consumers a viable alternative to payday lenders.The Financial Conduct Authority said looser laws would allow credit unions to offer a wider range of products and services to customers. It said the move could help higher risk customers who often turn to expensive payday loans to make ends meet. Continue readin
  
  Read more

• Mortgage UK: Homeowner reveals how overpaying saw them become mortgage free 14 YEARS early

  23-07-2019 08:14 via feedproxy.google.com
  MORTGAGE agreements can be what enables a buyer to become a homeowner, however the average repayment period lasts 25 years. One homeowner has said that they managed to shed a huge amount of time off their mortgage term, thanks to making overpayments.
  
  Read more

• How is it our two year old toilet seats are ‘irreplaceable’

  23-07-2019 08:00
  We’re now at breaking point after buying the DIY store’s Cooke & Lewis bathroom rangeI read a Guardian report about (the lack of) B&Q’s Cooke & Lewis toilet seat replacements, and now have a similar situation with two of the range’s Lanzo toilets. Both seats have broken and I checked the B&Q website to see if there were any replacements in stock anywhere, but there weren’t. Both are less than two years old. Why is B&Q selling stock without making
  
  Read more

Follow @financialnwsUK on Twitter!