Financial news

• Jeremy Hunt slammed for ignoring crisis-hit care sector in 'disappointing' Budget

  16-03-2023 23:01 via express.co.uk
  
  Chancellor Jeremy Hunt made no mention of the UK's crisis-hit social care sector in his Budget speech.
  
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• Don’t gamble your data: Britons urged to watch out for 'expert' scam tactic

  16-03-2023 22:47 via express.co.uk
  
  Gambling is a big industry that attracts scammers because of the easy access to people willing to part with money and enables firms to gather enormous amounts of personal data.
  
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• Martin Lewis warns Britons with low energy use face steep bills hike next month

  16-03-2023 22:13 via express.co.uk
  
  Martin Lewis warned Britons with low energy usage that they need to start "budgeting" as they will be "paying more" for their energy bills from next month.
  
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• 'It is the wrong priority': Labour commits to reverse Hunt's pension savings tax cut – video

  16-03-2023 20:55
  
  Rachel Reeves, the shadow chancellor, accused Jeremy Hunt's budget of causing the 'biggest hit to living standards since records began'. She criticised Hunt for giving 'a huge handout to the richest 1% of pensions savers' while neglecting the needs of working people and businesses.Reeves stated that the pension reforms, which remove the higher tax rate on pension savings for people who have saved over £1m, were 'the wrong priority, at the wrong time, for the wrong people'. She vowed that L
  
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• Jeremy Hunt battling to justify pensions giveaway to the top 1%

  16-03-2023 19:59
  
  Move will have no impact on NHS retention of doctors, say economic thinktanksBudget 2023: key points at a glanceWhat the budget means for people on a range of incomesJeremy Hunt is battling to justify his budget pensions giveaway to the 1% after two leading economic thinktanks warned it could have no impact on NHS retention while opening up a vast new loophole for tax avoidance.The Institute for Fiscal Studies and the Resolution Foundation both said it was doubtful the £1bn tax break would
  
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• The Guardian view on Hunt’s childcare plans: jobs aren’t all that matter | Editorial

  16-03-2023 19:55
  
  The chancellor wants to get more parents into work – but additional free hours won’t fix this broken systemOn hearing that Jeremy Hunt plans to extend the offer of 30 free childcare hours to children under three, many parents will have breathed a collective sigh of relief. The prominence of childcare in his budget is evidence of how far opinion has shifted. Though a vital part of the economy, childcare has long been treated as a domestic issue. Parents have been expected to conjure u
  
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• Child Benefit rates are rising next month - how much more you can expect

  16-03-2023 19:28 via express.co.uk
  
  Child Benefit payments are increasing by 10.1 percent next month along with many other benefits including Universal Credit.
  
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• 'Come to Russia for turnips': Vladimir Putin mocks western vegetable shortage – video

  16-03-2023 18:56
  
  Russia's president, Vladimir Putin, suggested the UK and other European countries should go to Russia for vegetables amid a food security and cost of living crisis. There was a note of schadenfreude in Putin's voice as he gleefully touted the resilience of the Russian food sector. 'Foreign analysts predicted us a depression and a decline in the consumer sector, they promised empty store shelves, a massive shortage of goods, and the failure of the service sector,' he said. Addressing the Rus
  
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• Men are also juggling jobs, childcare and housework | Letter

  16-03-2023 18:23
  
  The idea that women are the only ones in these trenches is no longer true, writes Mathew LeeIn response to your letter on juggling jobs and childcare (14 March), I strongly oppose the idea that women are the only ones juggling the demanding world of simultaneous childcare and careers. I have a demanding job, but work from home, so I’m the one receiving or picking up our kids in the afternoon, prepping dinner, and twice weekly caring for our three children – four years old and under &
  
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• Top 'dream' country to retire to has 'lower cost of living' and 'friendly communities'

  16-03-2023 18:15 via express.co.uk
  
  Would-be expats said they would most like to retire to the warmer climes of Spain.
  
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• People in England: how will you be affected by council tax rises?

  16-03-2023 17:39
  
  We’d like to hear from people in England about how much more council tax they will have to be paying from April, and what the higher charges will mean for themCouncil tax bills will rise by up to 5% for the majority of people in England on 1 April, with nine out of 10 councils raising council tax as part of their attempts to balance their budgets.More than half of local authorities in England plan to raise council tax by the maximum possible amount. Continue reading...
  
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• Where will the budget's magic nursery places come from, Jeremy Hunt? | Rhiannon Lucy Cosslett

  16-03-2023 17:17
  
  The chancellor’s early-years promise may seem a tasty carrot for voters, but most of it won’t be delivered until after an electionWednesday’s budget announcement represents the largest expansion of free childcare England has ever seen, and from a Tory government. I can’t believe that I actually typed that sentence. Extending the 30 free childcare hours to children aged nine months to two years will cost £4bn and will, the chancellor claims, cut families’ child
  
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• As banks fold, house prices crash and financial crisis looms - how scared should we be?

  16-03-2023 16:58 via express.co.uk
  
  After the year we've just had, the last thing we need is a full-blown banking crisis and global financial meltdown.
  
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• Is TikTok’s ‘shoppertainment’ sales model pushing Gen Z into debt? Just look at the numbers | Iona Bain

  16-03-2023 16:50
  
  #TikTokMadeMeBuyIt videos have been viewed more than 40bn times, as users share their experiences of the ‘infinite loop’“An infinite loop of shoppertainment.” That might sound like the premise for a new Black Mirror episode. But it’s actually marketing blurb from TikTok. As part of its sales pitch to brands, the Chinese-owned platform tells its clients it is “at the forefront” of persuading online consumers to part with their cash. It boasts of a unique
  
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• Martin Lewis highlights savings scheme he's a 'big fan' of as extension announced

  16-03-2023 16:44 via express.co.uk
  
  Martin Lewis said he supports the Help to Save scheme which has been extended for another 18 months.
  
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• ‘Competitive!’ Building society increases savings interest rate on ISA account

  16-03-2023 16:21 via express.co.uk
  
  One of the UK's most well-known building societies has announced it is raising the savings interest rate of one its products.
  
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• Universal Credit payments to rise next month - how much will you get from DWP?

  16-03-2023 15:57 via express.co.uk
  
  Benefit claimants, including those on Universal Credit, are due to receive a significant payment rate boost in the coming weeks.
  
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• What is Jeremy Hunt’s pensions giveaway and who gains most?

  16-03-2023 15:43
  
  Chancellor’s changes have been criticised as a multibillion-pound handout to Britain’s wealthiestJeremy Hunt’s multibillion-pound tax giveaway to Britain’s wealthiest pension savers is coming under fire from various quarters, with Labour vowing to reverse the move andothers saying it is like using a sledgehammer to crack a nut.Financial firms have said the changes to pension allowances could let high earners who can afford it build up pension pots worth as much as £
  
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• Small business, big vision: nine tips for export success

  16-03-2023 12:34
  
  From gaining new qualifications to securing finance, here are nine ways to help you sell goods and services internationallyExporting goods and services for the first time – or expanding your exports to a new country – can be a hugely rewarding experience. But it can also seem an intimidating task.The good news is that help is out there, with a wide range of free government support to help you successfully sell overseas. From building an export plan to gaining market intelligence, her
  
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• Is the price right? And six other questions small firms ask about exporting

  16-03-2023 12:31
  
  From identifying potential markets to protecting your trademark, it’s so much simpler to export when you tap into the knowledge of a specialistIf you own or run a small business, the world is your oyster. But if you want to make the most of the opportunities out there, the know-how of an expert on exporting can make all the difference.The Department for Business and Trade (DBT) has international trade advisers (ITAs) who partner with businesses in England to help them explore opportunities
  
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• UK renters can’t afford their mouldy, exorbitant homes – now they can’t afford to complain either | Elle Hunt

  16-03-2023 12:30
  
  Some landlords are hiking rents in response to requests for repairs – too many see their tenants purely as sources of profitThe flat was always going to be damp; they’d come to terms with that. But water dripping from the ceiling and fur growing on the walls seemed like a problem for the landlord to fix. Caroline and Kyle had already raised the issue of mould in their flat four months ago, when it suddenly got worse.I’ve seen pictures. There’s a fine black dusting along t
  
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• ‘Each country has its challenges’: small businesses share their exporting tips

  16-03-2023 12:29
  
  Selling goods or services internationally can help your company grow. Four business owners reveal what they’ve learned from exportingWhile exporting goods or services can often prove transformational for small businesses, the idea can seem unrealistic at first, with many put off by a lack of experience or the cost. In fact, for businesses looking to explore new ways of diversifying and growing, exporting could very well be the next logical step. We met four SME owners with experience of ex
  
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• Turns £6k into £10k: Over-50s can get 'instant' 40% return on pension savings

  16-03-2023 08:15 via express.co.uk
  
  Millions are preparing to invest this year's Isa allowance as the deadline looms but they mustn't overlook the tax benefits of paying money into a pension instead, an expert is warning.
  
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• Cancer could kill me, but I face an NHS fine over prescriptions

  16-03-2023 08:00
  
  I haven’t paid since I was diagnosed in 2020 but now realise I needed an exemption certificateYou recently reported on pregnant women being fined for claiming free prescriptions without having received an exemption certificate. I am very worried, because I was diagnosed with stage 3 inflammatory breast cancer in early 2020 and was told I was entitled to free prescriptions for five years (if I lived that long!).I’ve therefore not paid for one since, but now realise that I never receiv
  
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