Financial news

• Google’s Black Founders Fund boosts prospects for startups

  23-03-2023 20:45 via express.co.uk
  
  Google for Startups' is inviting Black-led tech startups to apply for this year's Black Founders Fund.
  
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• Food banks supported 800,000 UK children in 2021-22, data shows

  23-03-2023 19:53
  
  One-fifth of UK population was in relative poverty after first year of pandemic, when support measures scrappedFamilies including 800,000 children were forced to turn to food banks to feed themselves as poverty levels started to rise again after the first year of the pandemic, the first official figures on UK food bank use show.The statistics came in official poverty data, which revealed that the reduction in relative poverty achieved during the first year of the Covid crisis in 2020-21 was temp
  
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• 'Really impressed': Woman ditches Lidl for M&S & 'couldn't believe' amount she got for £70

  23-03-2023 19:21 via express.co.uk
  
  The woman took to TikTok to share her delight at the amount of food she was able to buy from M&S for just £70.
  
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• TikTok CEO shown video threatening committee chair during Congress hearing – video

  23-03-2023 19:13
  
  TikTok's CEO, Shou Zi Chew, testified before US Congress on Thursday amid growing security concerns, with the Biden administration threatening to remove the app from the US entirely. During the hearing, Republican Kat Cammack showed Congress a TikTok video inciting violence towards the house energy and commerce committee, which named the chair of the committee in the captions. The video was uploaded to the platform 41 days ago and was still circulating despite company guidelines assuring users i
  
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• Nationwide Building Society CUTS mortgage interest rates - full list of changes

  23-03-2023 18:59 via express.co.uk
  
  Nationwide Building Society is making reductions of up to 0.45 percentage points across some products, including fixed and variable rates.
  
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• Britons urge Jeremy Hunt to abolish ‘evil’ inheritance tax

  23-03-2023 18:41 via express.co.uk
  
  A new Express.co.uk poll has shown widespread support among readers for increasing the inheritance tax allowance, with many suggesting it should be scrapped altogether.
  
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• Top things millennials and Gen Z save money for - like emergency fund or house deposit

  23-03-2023 18:20 via express.co.uk
  
  Millennials prioritise building an emergency fund for the future - but Gen Z have going travelling at the top of their priority list.
  
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• ‘How would you like to be in this dump?’: families’ horror at privately run UK care homes

  23-03-2023 18:09
  
  Operators are pocketing large sums from councils while relatives speak of shocking conditionsAfter watching his girlfriend suffer in a dementia home so poor that it faced possible closure, Donald Hedges reached a simple conclusion: “It’s a robbery of taxpayers’ money.”As it does for about a quarter of a million others in England, the state paid for Lilian Williams’ care. She lived in the privately owned Forest Edge care home in Southampton. Continue reading...
  
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• The Apprentice star shares 'biggest lesson' from Lord Sugar as she's set to turnover £3m

  23-03-2023 17:55 via express.co.uk
  
  As the latest series of The Apprentice comes to a close, it is interesting to look back at past winners and their businesses to see how Lord Sugar's investment made a difference.
  
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• Act now! Just two weeks to escape Hunt’s inheritance, capital gains and dividend tax grab

  23-03-2023 17:36 via express.co.uk
  
  Chancellor Jeremy Hunt is set to unleash a multiple tax raid in less than two weeks so don't hang around.
  
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• The lifetime Isa home-buying scheme is a flop, so why won’t the Treasury fix it? | Henry Hill

  23-03-2023 15:41
  
  They were designed to help first-time buyers, but lifetime Isas are so restrictive they risk turning into a financial trap for many young peopleOf all the counter-productive, demand-stimulating measures successive governments have introduced to try to palliate the effects of endlessly climbing house prices, the lifetime Isa may have the dubious honour of being the most perverse.Announced by George Osborne, although introduced under Philip Hammond’s chancellorship, it was designed as a vehi
  
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• UK interest rate rise: what it means for you

  23-03-2023 13:31
  
  How the new base rate of 4.25% might affect mortgages, house prices and credit cardsBusiness live – latest updatesAnalysis: Is this the end of interest rate rises?Bank of England raises interest rates to 4.25%The Bank of England has yet again raised interest rates, this time by 0.25 percentage points, taking the base rate to 4.25% in the 11th rise since December 2021. So what does this mean for your finances? Continue reading...
  
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• Pensioners to secure 'positive effects' of Bank of England interest rate hike to 4.25%

  23-03-2023 13:00 via express.co.uk
  
  Interest rates have continued to climb, with real world impacts for pensioners and pension savers.
  
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• 715,000 at risk of immediate rise in mortgage payments as interest rate rises to 4.25%

  23-03-2023 12:43 via express.co.uk
  
  The Bank of England has increased the Base Rate for the eleventh consecutive time to 4.25 percent in an effort to stem the UK's soaring inflation.
  
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• UK shoppers: which item in your basket has gone up most in cost?

  23-03-2023 12:21
  
  We would like to know about the key product that has risen in price the most in your shopping basket over the last yearThe UK’s annual inflation rate rose to 10.4% in February as prices continue to rise for a wide range of goods and services.If you live in the UK, we would like to hear your personal inflation stories. Tell us about the one product you rely on that has risen the most in cost. Where do you buy it and how much has it gone up by? Why is it a negotiable on your shopping list? C
  
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• Amigo Loans to be liquidated after failing to raise survival cash

  23-03-2023 11:33
  
  Those owed compensation will get 17p in the pound as sub-prime lender’s shareholders wiped out The sub-prime lender Amigo Loans is to be liquidated after it failed to raise enough money to fund compensation to customers.After months of trying to come up with a rescue plan, Amigo said it would stop lending with immediate effect and be placed into an orderly wind-down, with all surplus assets to be transferred to the creditors of its compensation scheme. The shares crashed 75% to 0.4p on the
  
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• Big banks are holding us to ransom and we’ll have to pay up again (and again)

  23-03-2023 08:30 via express.co.uk
  
  After the last banking crisis politicians and regulators promised us that it would never happen again. Yet here we are.
  
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• Missing part made my 2018 Jeep suddenly obsolete

  23-03-2023 08:00
  
  It just needed a new oil pump part but none could be found in the worldOur 2018 Jeep Compass has been waiting more than five weeks for an oil pump part. Our Fiat/Jeep dealer has now told us there was a production problem and the order with Fiat UK was cancelled. According to Fiat UK, the manufacturer needs an order of 200 before they’ll make it, and it could take up to a year to produce. The part could not be found anywhere in the world on the Fiat database. It seems incredible our four-ye
  
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• A third of care homes in England have considered closing due to rising energy bills

  23-03-2023 07:00
  
  Care England says there is ‘no justification for charging such financially crippling rates’ A third of care homes across England have considered closing during the past year because of “financially crippling” running costs, as concerns rise that gas suppliers are profiteering at the expense of small businesses.The energy regulator, Ofgem, has admitted that some suppliers may be charging small companies rates that cannot be justified by falling gas market prices. Continue
  
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