Financial news

• Lineker row threatens to topple BBC chiefs and hit Tory asylum plans

  11-03-2023 21:00
  
  Broadcaster forced to slash TV coverage, while BBC chair and director general face calls to resign over crisisThe row triggered by Gary Lineker’s suspension from the BBC was spiralling out of control on Saturday night as it threatened to bring down the corporation’s most senior leaders and even derail parts of the government’s controversial new asylum policy.The crisis reached new heights as the BBC was forced to dramatically scale down its TV and radio sports coverage and put
  
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• Warning coastal erosion in Norfolk will harm tourism as houses pulled down

  11-03-2023 20:24
  
  Councillor says continuing loss of land to the sea would damage local economy, which is heavily dependent on visitorsA councillor has warned that continued erosion of a Norfolk coastline could cause a dramatic decline in the local economy, after a seaside home was demolished.Several wooden properties, built on sand dunes at Hemsby, are perilously close to toppling into the sea due to coastal erosion. Continue reading...
  
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• Twenty hours on a Qantas plane: is this the future of aviation or a fresh hell in economy?

  11-03-2023 20:00
  
  Airline’s ultra long-haul flights are slated to begin in late 2025, but questions remain over the carbon footprint, price and effect on passengers’ bodiesFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastFrom late 2025, Qantas hopes to run the first of its “Project Sunrise” flights – up to 20 hours non-stop from the east coast of Australia to Europe and the US east coast.Australia&rsquo
  
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• The obesity jab may save the food industry’s bacon, but should it? | Martha Gill

  11-03-2023 20:00
  
  Semaglutide has reignited the debate over who is responsible for weight, and how as a society we tackle itSuppose there were such a thing as an “experience machine”, a contraption you could plug yourself into and live any life you wanted? Would you plug in? Or imagine we invented a type of zombie, a monster that looks, behaves and responds exactly like us but has no inner experiences? Would this creature have consciousness?Or how about this. Suppose there were a magical injection tha
  
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• Government to meet tech firms following collapse of Silicon Valley Bank UK

  11-03-2023 18:19
  
  Industry leaders expected to call for state intervention to avoid failure of hundreds of UK firmsThe UK government is coordinating an emergency meeting with tech firms, who are expected to call for state intervention to avoid the failure of hundreds of firms following the collapse of Silicon Valley Bank UK (SVB UK).The chancellor, Jeremy Hunt, also spoke with the Bank of England governor, Andrew Bailey, on Saturday morning, just hours after the collapse of SVB UK’s parent company, which ma
  
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• If the British economy can’t pay better wages, then it must shrink

  11-03-2023 18:00
  
  Vacancies are high, but pay is not rising. Nor will the Bank of England allow it to. That means something else has to giveSome of Britain’s biggest industries need to shrink and they need to start thinking about how to do it now.Hospitality is one. Manufacturing could be another. These sectors are among many to say they cannot find the workers they need at the price they have traditionally paid. Continue reading...
  
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• End credits: derelict British cinemas – in pictures

  11-03-2023 18:00
  
  Manchester-based photographer Darren Holden has been documenting derelict buildings for 20 years. He’s collected some of them in a limited-edition photo zine in collaboration with the Modernist gallery, immortalising deserted cinemas that date back to the golden age of British film in the 1930s and 40s. “A lot of places have fallen foul to arson and vandalism, so by documenting them I’m trying in my own way to preserve them,” says Holden.Continue reading...
  
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• BBC 'caving' in to Tory pressure on Lineker suspension, says Keir Starmer – video

  11-03-2023 17:42
  
  The Labour leader has said the BBC is not acting impartially by 'caving in' to Tory pressure and suspending Match of the Day presenter Gary Lineker. 'They've got this one badly wrong and now they're very, very exposed, as is the government, because at the heart of this is the government's failure on the asylum system,' he said, speaking after a speech to Welsh Labour in LlandudnoGary Lineker: BBC apologises to viewers after football shows axed and presenters pull out – live Continue readin
  
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• Users, advertisers – we are all trapped in the enshittification of the internet | John Naughton

  11-03-2023 17:00
  
  There is a new word for the degradation of online platforms, but it’s been happening for years. Why do we tolerate it?“Those whom the Gods wish to destroy,” says the adage, “they first make mad.” Actually, that’s overkill: the Gods just need to make people forget. Amnesia turns out to be a powerful narcotic and it’s been clouding our perceptions of what’s been happening on the internet for at least 25 years, namely the inexorable degradation of the
  
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• Old walls, new life? Britain’s builders embrace the retrofit revolution

  11-03-2023 17:00
  
  Refurbished offices can offer big carbon savings over the traditional approach of demolishing them and starting againA stone’s throw from London’s affluent Sloane Square, a 1980s redbrick facade hides a fully revamped office building, partially built from reclaimed materials. The new features include larger, opening windows, higher ceilings and two “green walls” of living plants on the outside. The car park at the rear has given way to almost 80 cycle spaces, along with l
  
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• Biden denies reports that Alaska oil drilling project has been approved

  11-03-2023 16:55
  
  Signing off on the Willow plan would place the president’s political career in conflict with climate-minded DemocratsThe Biden administration has denied reports that it has authorized a key oil drilling project on Alaska’s north slope, a highly contentious project that environmentalists argue would damage a pristine wilderness and gut White House commitments to combat climate crisis.Late Friday, Bloomberg was first to report citing anonymous sources that senior Biden advisers had sig
  
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• Farage, Fox and rolling outrage: the inside story of GB News

  11-03-2023 16:42
  
  It’s the channel that loves to whip up anger, where hosts promote conspiracy theories and scaremongering, and its editors are convinced it is the voice of the peopleIf you have not been watching GB News as much as I have in the past week, you may well not hold the belief that a principal focus of the world’s current affairs is the village of Kegworth in Leicestershire.A fortnight ago, a hotel in the village was taken over by Home Office agencies to house 250 asylum seekers. GB News l
  
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• Drinkers ‘face double digit tax hike’ as Jeremy Hunt may target alcohol in Budget

  11-03-2023 13:33 via express.co.uk
  
  Jeremy Hunt is set to deliver his Budget this coming week - but drinkers could face disappointment.
  
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• ‘Dominoes are falling!’ New financial crisis warning as US banking crash spreads to UK

  11-03-2023 11:35 via express.co.uk
  
  Banking stocks, the US dollar, bond prices and Bitcoin have all crashed as the world stands on the brink of a new financial meltdown. How bad will it be?
  
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• Four groups of Britons may be due a refund or discount on BBC licence fee - check now

  11-03-2023 11:23 via express.co.uk
  
  Some Britons could be able to secure a refund or a discount on the BBC licence fee.
  
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• Pay-per-month pedalling: test-riding five subscription bikes

  11-03-2023 11:00
  
  We tried five bikes from Swapfiets, Buzzbike and Brompton to see what you get for your monthly moneyFor people new to cycling, buying a bike can seem daunting. Aside from the outlay, there is maintenance, and what if you decide you just don’t enjoy pedalling around?This is where subscription bikes come in. An increasingly common idea in continental Europe and now in parts of the UK, these let you rent a bike by the month or year, generally with a lock and mechanical support. As well as for
  
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• Pensions: why do those retiring face ‘massive’ losses despite FTSE highs?

  11-03-2023 10:00
  
  Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year• Deadline extended for NI top-ups that can mean £55,000 extraA former government pensions minister is warning of “massive losses” for pensioners retiring this year, with big providers telling older customers their funds have plummeted by 20% or more over the past 12 months.The losses come despite the UK’s FTSE 100 stock market index hitting record highs in recent weeks. What
  
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• NatWest offers 6.17% interest rate through ‘go-to’ savings account

  11-03-2023 09:30 via express.co.uk
  
  NatWest is offering one of the leading interest rates on the market at present.
  
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• 'Worst country in the world': You'll never guess which land loathes Brits the most

  11-03-2023 09:11 via express.co.uk
  
  The British used to be proud of their own country, now we only want to see the worst. We've turned into our own worst enemies.
  
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• Prescription costs will rise in April - but Britons could save ‘more than £100 a year’

  11-03-2023 08:36 via express.co.uk
  
  Prescription charges will increase from next month - but many Britons could save on costs.
  
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• UK state pensions: later deadline for NI top-ups that can mean £55,000 extra

  11-03-2023 08:00
  
  By plugging gaps in their national insurance record, some people can increase their entitlement• Why do those retiring face ‘massive’ losses despite FTSE highs?Pay £800 now and, if you live a long time, get back £5,500-plus in total. If you can afford to hand over £8,000, it could be £55,000 or more. That, in very simple terms, is the pensions deal being offered to many people by the government, experts say.The deadline for taking advantage of what has be
  
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• Kefalonia claims the title of best Greek island in Which? Travel survey

  11-03-2023 08:00
  
  Scenery, sandy beaches and solitude are key to the Ionian island’s appeal, according to the report, which put party-loving Mykonos in last placeKefalonia, the largest of the Ionian islands, with its emerald-coloured mountains, secluded coves and underground lakes, has been crowned the best Greek island by Which?.Abundant sandy beaches, scenery uninterrupted by high-rise buildings and access to much-sought-after solitude sealed the deal for the island, off the west coast of mainland Greece,
  
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• Hundreds of Nationwide customers paid £250 - how to apply for cash boost

  11-03-2023 07:01 via express.co.uk
  
  There were 917 winners in the first prize draw for Nationwide's Start to Save account.
  
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• Interest rates may rise to 4.75% in UK as Bank of England looks to stop ‘major recession'

  11-03-2023 05:00 via express.co.uk
  
  Experts are warning that interest rates may continue to rise for the foreseeable future as the cost of living crisis continues.
  
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• Hunt urged to introduce windfall tax on energy suppliers as energy bills rise

  11-03-2023 05:00 via express.co.uk
  
  The Chancellor is being called to implement a windfall tax to help mitigate the rising cost of living on everyday families.
  
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• Britons could find ‘thousands of pounds’ for retirement with 10 top tips

  11-03-2023 01:01 via express.co.uk
  
  Britons could have "thousands of pounds" sitting in lost pensions, but trouble may arise when it comes to finding them, an expert has said.
  
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