Financial news

• Martin Lewis explains 1257L tax code as fan gets £2,585 refund - 'millions are wrong!'

  21-03-2023 22:58 via express.co.uk
  
  Martin Lewis has issued an urgent warning as millions of people may be owed thousands if they are in the wrong tax bracket.
  
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• Best side hustles 2023: Britons could make over £2,500 a year by renting out driveway

  21-03-2023 21:45 via express.co.uk
  
  London, Glasgow and Cardiff are the top three best cities to earn extra income from your home in the UK.
  
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• ISA savings: Britons could lose over £338 each year following tax changes in Budget

  21-03-2023 19:48 via express.co.uk
  
  The upcoming cut in annual tax-free allowance for capital gains and dividend taxes means Britons with investments outside ISAs could end up paying hundreds more from April.
  
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• Pension pot offer won’t fix NHS workforce crisis | Letters

  21-03-2023 18:43
  
  The focus must be on retaining existing staff and reducing private sector work, writes consultant haematologist John Hanley. Plus letters from Robin Davies, Jo Pike and Orest MulkaA senior NHS official once told me that “workforce planning in the NHS is like astrology, but nowhere near as reliable”. Now that there is an emerging political consensus that the long-term solution to the NHS workforce crisis will require a better approach to planning, I am more optimistic about the future
  
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• PIP claimants could get ‘top up’ over £135 a week outside benefit via premiums

  21-03-2023 17:59 via express.co.uk
  
  There are three types of disability premiums available for adults which can be an extra cash boost on top of their benefits.
  
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• Just Eat planning to oust 1,700 couriers in the UK

  21-03-2023 17:52
  
  Takeaway delivery firm shifting back to gig economy model and ditching guaranteed sick and holiday payJust Eat is planning to oust 1,700 couriers in the UK as the takeaway delivery firm shifts back towards a gig economy model and scraps guaranteed minimum pay, sick pay and holiday pay.In addition 170 head office staff will have their contracts terminated as the firm attempts to cut costs in a highly competitive market. Continue reading...
  
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• Scottish Mortgage chair quits after governance row

  21-03-2023 17:38
  
  Fiona McBain’s independence was questioned by Amar Bhidé, who has also left board of FTSE 100 trustThe chair of one of the UK’s biggest tech investors is standing down after a corporate governance row.Fiona McBain, who has chaired Scottish Mortgage Investment Trust since 2017 and sat on its board for 14 years, will leave after the trust’s annual meeting in June. Continue reading...
  
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• BoE faces 'choice of poisons' as inflation soars and banks collapse

  21-03-2023 17:15 via express.co.uk
  
  The Bank of England faces a desperate choice when it decides whether to increase interest rates on Thursday. This is going to hurt, whatever it does.
  
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• Hunt’s pensions tax break expected to help ‘nearly as many bankers as doctors’

  21-03-2023 17:04
  
  Head of Resolution Foundation says other measures to retain NHS staff could have offered better value for moneyJeremy Hunt’s pensions tax break for the highest 1% of savers in Britain stands to benefit almost as many bankers as doctors, an economist has said, as the government insisted the budget giveaway was designed to cut NHS waiting lists.On a day of renewed pressure over the £1bn giveaway, Rishi Sunak argued that scrapping the tax-free lifetime allowance on pensions would encour
  
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• Santander launches new savings accounts range with competitive interest rates

  21-03-2023 15:40 via express.co.uk
  
  Santander's new ISA range boasts products with interest rates as high as 4.25 percent.
  
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• Tesco angers shoppers by cutting value of Clubcard reward scheme

  21-03-2023 14:28
  
  Chain says customers will double rather than triple value of points when spending them from mid-JuneTesco has angered shoppers by announcing that it will be reducing the value of its popular Clubcard reward scheme from 14 June.The UK’s biggest retailer said that after that date, shoppers would be able only to double the value of their Clubcard points – rather than triple them as now – when they spent them with one of its reward partners on a restaurant meal, day trip or cinema
  
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• Network Rail boss compares year of strikes to Iraq war

  21-03-2023 14:15
  
  Andrew Haines says ‘warfare’ with workers is over but bosses need to ‘build the peace’ The boss of Network Rail has compared the past year of train strikes to the Iraq war, saying rail leaders need to “build the peace” with workers in a way that British and US victors over Saddam Hussein failed to do.Andrew Haines, the chief executive of the body responsible for Britain’s railway infrastructure, said the “warfare” was over but the lessons of
  
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• BoE 'must slash interest rates to 3% and print £50bn now' to avert depression

  21-03-2023 11:00 via express.co.uk
  
  The Bank of England needs to slash interest rates and pump £50billion into the economy to prevent a full-blown depression as the banking crisis intensifies, experts warn.
  
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• The improbable rise of landlord influencers: ‘I’m not taking advantage of anybody’

  21-03-2023 07:00
  
  Buy-to-let property videos are increasingly popular on TikTok and other social media platforms. But is this a route to financial freedom or a get-rich-quick scheme doomed to fail?James Coupland started his Instagram account more than 10 years ago, posting unremarkable photos showing him with his mates, or in the gym. After giving up on a career as a footballer, he was studying for a sports performance degree while trying to make a name in fitness. But none of his posts were getting more than a f
  
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• Sunak cares nothing for the 99% – and after his pensions hike for the rich, they know it | Polly Toynbee

  21-03-2023 07:00
  
  The PM and his chancellor thought they could hide the greed in plain sight, but focus groups show voters are aware – and angry“Welcome to the pensions gold rush” and cheers for “The ultimate inheritance tax dodge”. Tory newspapers’ money pages whoop up the “super-charged” pensions tax giveaway to the wealthy: “The bigger your pot, the greater your savings.” Today, Labour forces a vote in the Commons against the chancellor’s surpri
  
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• Lack of data makes government claims about English childcare ‘meaningless’

  21-03-2023 07:00
  
  Only 15% of local councils collect data on proportion of parents who are able to access sufficient childcareThe government’s claims that there are enough childcare places in England are “meaningless” as councils collect little to no information on whether provision meets local demand, experts have said.Local authorities are responsible for ensuring that the provision of childcare is sufficient to meet the requirements of parents in their area under section 6 of the Childcare Ac
  
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• Is it time to delete TikTok? - podcast

  21-03-2023 04:00
  
  Western governments are telling their staff to remove the popular social media app from their work phones amid security fears. Alex Hern reports on why time could be running out for TikTok’s current ownership modelThe UK has joined the US, Canada and the EU in ordering its government officials to remove the TikTok app from their work devices amid fears of a security threat. Government officials in the west say that TikTok’s ownership by the Chinese tech giant ByteDance puts sensitive
  
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• Why is Labor holding on to the stage-three tax cuts? Politics with Amy Remeikis – video

  21-03-2023 01:15
  
  As Anthony Albanese and Jim Chalmers remain resolved to leave Scott Morrison's stage-three tax cuts in place, what does that say about our politicians' ability to respond to changing circumstances? Guardian Australia's political reporter Amy Remeikis examines why even after the government announced it was going to spend almost $400bn on submarines over the next 30 years, it is still willing to take $250bn out of the budget in revenue over the next 10 years to help wealthy Australians► Subs
  
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• English letting agents who ban children breach equality rules, says ombudsman

  21-03-2023 01:01
  
  Nurse with four children challenges the practice after landlords and letting agents refuse to rent to them Blanket bans on letting properties to families with children discriminate against women and are against the sector’s code of practice in England, the Property Ombudsman has ruled, after an NHS nurse and mother challenged the practice.Lexi Levens, 33, and her four children were forced to register as homeless after they were handed a no-fault eviction on Christmas Eve and no landlords o
  
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