Financial news

• ‘Skinny jab’ drug firm facing fresh inquiries after ‘serious breaches’ of industry code

  18-03-2023 20:38
  
  Pharmaceutical company behind blockbuster diet jab Wegovy confronts crises on multiple fronts, amid scrutiny of UK activitiesThe maker of slimming jab Wegovy was facing crises on multiple fronts this weekend, with the UK medicines regulator announcing a review of its operations at the same time as an investigation is under way into the approval of its injections for NHS use.In the last few days, Novo Nordisk has also been suspended from its pharmaceutical trade body and seen the loss of a key pa
  
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• Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue

  18-03-2023 20:09
  
  Workers reported to have received payouts from ‘modest’ pool of £15m-£20m following takeover deal by HSBCThe UK arm of the collapsed Silicon Valley Bank is reported to have paid millions of pounds in bonuses days after it was sold in a rescue deal for £1.Staff at Silicon Valley Bank UK (SVB UK) are said to have been given payouts from what has been described as a “modest” bonus pool of between £15m and £20m. The Californian-based bank collaps
  
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• The SVB debacle has exposed the hypocrisy of Silicon Valley | John Naughton

  18-03-2023 17:00
  
  US tech innovators have a culture of regarding government as an innovation-blocking nuisance. But when Silicon Valley Bank collapsed, investors screamed for state protectionSo one day Silicon Valley Bank (SVB) was a bank, and then the next day it was a smoking hulk that looked as though it might bring down a whole segment of the US banking sector. The US government, which is widely regarded by the denizens of Silicon Valley as a lumbering, obsolescent colossus, then magically turned on a dime, e
  
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• ‘ChatGPT said I did not exist’: how artists and writers are fighting back against AI

  18-03-2023 17:00
  
  From lawsuits to IT hacks, the creative industries are deploying a range of tactics to protect their jobs and original work from automationNo need for more scare stories about the looming automation of the future. Artists, designers, photographers, authors, actors and musicians see little humour left in jokes about AI programs that will one day do their job for less money. That dark dawn is here, they say.Vast amounts of imaginative output, work made by people in the kind of jobs once assumed to
  
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• Britons warned 'loyalty costing you hundreds': Millions could save over £1k by switching

  18-03-2023 15:37 via express.co.uk
  
  As the cost of living crisis continues, experts have highlighted the huge savings that could be made by millions of people who are feeling the squeeze.
  
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• Thérèse Coffey’s ‘eat turnips’ message leaves bitter taste after UK’s biggest grower gives up

  18-03-2023 15:00
  
  Environment secretary’s response to salad shortages suggests she was unaware vegetable farmer – in her constituency – was forced to quit due to costsIt wasn’t a cunning plan, but Thérèse Coffey sparked more interest in turnips than anyone since Blackadder when she suggested that people might eat them instead of tomatoes.The environment secretary’s response to salad shortages attracted more ridicule than Baldrick – even from Vladimir Putin, who su
  
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• Aviation chiefs rejected measures to curb climate impact of jet vapours

  18-03-2023 14:10
  
  Airline industry claimed science not ‘robust’ enough to implement new controls to combat climate warming caused by vapour trailsAirlines and airports opposed measures to combat global warming caused by jet vapour trails that evidence suggests account for more than half of the aviation industry’s climate impact, new documents reveal.The industry argued in government submissions that the science was not “robust” enough to justify reduction targets for these non-CO2 em
  
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• Bank offers competitive 4.40 percent interest rate on fixed savings account

  18-03-2023 13:14 via express.co.uk
  
  Savers can benefit from higher interest rates as banks compete to take the highest rates on the market.
  
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• Security guards at Heathrow to strike over Easter in pay dispute

  18-03-2023 12:17
  
  Holiday travel disruption likely as more than 1,400 union members set to walk out for 10 days from 31 MarchSecurity guards at Heathrow airport will go on strike over Easter in a dispute over pay, raising the possibility of holiday travel disruption.The Unite union has confirmed more than 1,400 of its members employed by Heathrow Airports Ltd (HAL) will strike for 10 days from 31 March. Continue reading...
  
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• ‘Very sensitive subject’: plan to take Welsh water for London stirs painful memories

  18-03-2023 12:00
  
  ‘Drowning’ of village of Capel Celyn to provide water to Liverpool in the 60s remains an emotive issueOn a February night 60 years ago, three young men battled through blizzard conditions to plant a bomb at a construction site in a lonely Welsh valley. Their target was a dam being built by an English privatised water company to supply water for Liverpool.To provide million of litres a day for the English city, the people in the small Eryri (Snowdonia) village of Capel Celyn were to b
  
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• Check how much you will get in retirement with our State pension calculator

  18-03-2023 11:25 via express.co.uk
  
  Britons may be forced to work longer as there are plans to increase the state pension age in upcoming years.
  
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• Holidaymakers face big rise in car hire costs abroad this summer

  18-03-2023 11:00
  
  Prices for popular destinations could be up almost 60% on 2022, analysis carried out for the Guardian showsPeople planning to hire a car abroad this summer face having to pay almost 60% more than they did before the coronavirus pandemic.New figures for six popular destinations show average car rental prices are continuing to rise, with the average cost coming in at about £565 for a week’s hire. Continue reading...
  
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• Energy bill warning as payments set to increase £67 a month as Government support ends

  18-03-2023 10:09 via express.co.uk
  
  Chancellor Jeremy Hunt confirmed ahead of his Budget speech that the Energy Price Guarantee will be extended for another three months.
  
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• State pension boost as falling inflation makes triple lock more affordable

  18-03-2023 09:46 via express.co.uk
  
  The survival of the state pension triple lock has been in serious doubt over the last three turbulent years but now there's finally some good news.
  
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• Hunt has just handed pension savers a nuclear weapon in the fight against inheritance tax

  18-03-2023 08:20 via express.co.uk
  
  Did Chancellor Jeremy Hunt know what he was doing when he scrapped the pensions lifetime allowance on Wednesday?
  
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• Jeremy Hunt’s ‘stealth’ income tax rise: here’s how it will affect you

  18-03-2023 08:00
  
  Millions of Britons face paying basic or higher-rate tax for first time. We look at how much it will cost and what you can doThe government’s decision to freeze income tax thresholds means nearly 3 million low- and middle-income Britons will have to pay basic or higher-rate tax for the first time this year while existing taxpayers will also have to stump up more.There was no mention of this in Jeremy Hunt’s budget speech but that is because he had already said in November that person
  
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• Jeremy Hunt’s ‘paltry sign-up payments’ won’t stop childminder exodus

  18-03-2023 08:00
  
  Experts say sweetener unhelpful as numbers in England fall to lowest in a decade amid increasing costs, stress and adminSign-up payments for new childminders will do little to address a crisis in the sector that has seen existing professionals leaving in droves, experts say, as the number of childminders in England reaches its lowest level in a decade.There were 28,500 childminders registered as of December 2022, according to Ofsted data, the lowest number since 2012 and 24% down from the more t
  
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• Trump deregulated railways and banks. He blames Biden for the fallout

  18-03-2023 07:00
  
  In true hypocritical manner, the ex-president has quickly forgotten why the two sectors are in shamblesWhen a fiery train derailment took place on the Ohio-Pennsylvania border last month, Donald Trump saw an opportunity. The former US president visited East Palestine, accused Joe Biden of ignoring the community – “Get over here!” – and distributed self-branded water before dropping in at a local McDonald’s.Then, when the Silicon Valley Bank last week became the seco
  
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• Jeremy Hunt backed Labour plan last year for tax break on NHS pensions

  18-03-2023 07:00
  
  Labour says chancellor had time to draw up more targeted changes rather than including wealthiest saversJeremy Hunt previously backed Labour’s idea of giving a pensions tax break only to NHS staff, despite ruling out such a move in this week’s budget because it would not come into force quickly enough.The chancellor was chair of the health select committee last year when members wrote a report calling for the NHS pension scheme to be overhauled to encourage senior doctors to stay in
  
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• ‘Thought it was a mistake!’ WASPI woman recalls finding out about state pension age change

  18-03-2023 05:01 via express.co.uk
  
  A self-employed woman recalled her shock at discovering her state pension age would change, three years before retirement, in an exclusive interview with Express.co.uk.
  
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• Britons warned forgetting 'key document' could cost thousands in inheritance tax

  18-03-2023 05:01 via express.co.uk
  
  To avoid difficulties in the future, Britons are reminded of an overlooked document that can help pass on wealth accurately, and without hassle. It could also impact inheritance tax.
  
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• Warning of ‘substantial’ food price hikes this year as bills go up next month

  18-03-2023 05:00 via express.co.uk
  
  Groceries inflation was at 17 percent in February and prices for everyday essentials at the supermarket may continue to increase, an expert has told Express.co.uk in an exclusive interview.
  
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• Dragon's Den star sought deal after show 'in first time ever' after 'one of best pitches'

  18-03-2023 05:00 via express.co.uk
  
  EXCLUSIVE: Successful Dragons' Den pitcher, Sam Jones told Express.co.uk what the future looks like for high-flying tech company Gener8 after securing a further £5.1million in funding.
  
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