Financial news

• Doubts grow over number of NHS doctors helped by pension giveaway

  19-03-2023 19:00
  
  New figures reveal only 100 hospital doctors left NHS in 2022 due to voluntary early retirement, despite claims by Jeremy HuntThe number of hospital doctors that could be helped by Jeremy Hunt’s pensions giveaway has been cast into doubt, after new figures revealed that only 100 of them left the NHS last year due to voluntary early retirement.Criticism has mounted about the measure announced in the budget, which would scrap the up to 55% tax levied on lifetime pension pots worth just over
  
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• Why do we pay twice as much tax on earned income than on unearned income?

  19-03-2023 15:01
  
  The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical conceptsWhy do we pay twice as much tax on earned income than on unearned income? What would happen if the tax rates were equalised? Martin hPost your answers (and new questions) below or send them to [email protected]. A selection will be published next Sunday. Continue reading...
  
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• Thousands with medical conditions to get £172 a week from April - DWP issues full list

  19-03-2023 14:49 via express.co.uk
  
  The additional tax-free support is available even if someone is also working or has savings.
  
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• ‘This will be the end of nurseries’: preschools in England warn of closures amid free childcare expansion plan

  19-03-2023 10:00
  
  Jeremy Hunt has been told his budget giveaway will have a ‘catastrophic’ effect without more fundingA key plan to expand free childcare will “absolutely guarantee” the closure of more nurseries, the departure of staff and a fall in places if there is not a substantial increase in the funding behind it, Jeremy Hunt has been warned.An eye-catching pledge for a huge expansion of free childcare provision was a main giveaway in the chancellor’s budget last week. However,
  
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• Terrified by the banking crisis? What you need to do to protect your savings

  19-03-2023 08:30 via express.co.uk
  
  Shock headlines about the world's banking system plunging into yet another crisis have left many wondering if their own cash is safe.
  
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• If chancellor wants growth, why not rejoin the EU? | William Keegan

  19-03-2023 08:00
  
  Jeremy Hunt says the economy is his priority; but it and he are still really in thrall to the ideological blight of BrexitA budget for growth? Sorry, pull the other one. Below the spin, even the official forecasts are laden with gloom. Funnily enough, it is 50 years since one of Jeremy Hunt’s chancellarial predecessors, Tony Barber, produced a “budget for growth” that really worked – indeed, rather too well. It resulted in the “Barber boom”, when gross domesti
  
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• Pension warning as it 'may not be wise' to consolidate multiple pots

  19-03-2023 05:01 via express.co.uk
  
  Almost £27billion is currently being lost in forgotten pension pots, research shows.
  
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• ‘Heartbreaking!’: WASPI woman in tears after losing house as state pension age changes

  19-03-2023 05:00 via express.co.uk
  
  A Waspi woman has described losing her home after she said she was blindsided by changes to her state pension age, when speaking exclusively to Express.co.uk.
  
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• Interest rate rises in doubt as fear of new global crisis rattles central banks

  19-03-2023 01:05
  
  Concern about trouble in finance sector, plus renewed momentum in UK economy, could halt rises City analysts thought were a certaintyIn 2006 the US central bank completed a series of interest rate rises that took its base rate from 1% to 5.25%. The plan was to cool a booming economy, but ended two years later with the great financial crash.Earlier this month, the Federal Reserve was expected to push ahead with a 0.25 percentage point rise from its current range of 4.5% to 4.75%, this time to que
  
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• BBC chair Richard Sharp ‘helped friend get paid job’ advising corporation

  19-03-2023 00:40
  
  Caroline Daniel reportedly advanced by Sharp for role as adviser on editorial standards and impartialityThe embattled BBC chair, Richard Sharp, is facing a fresh row after reportedly helping a close friend land a paid role advising the corporation on editorial standards and impartiality.Sharp, 67, is under pressure to resign after it was revealed he had helped then-prime minister Boris Johnson secure a guarantee on a loan of up to £800,000 in 2020. Sharp was appointed as BBC chair weeks la
  
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