Financial news

• Winning the lottery sends women rushing off to the divorce court. Men stay married | Torsten Bell

  25-03-2023 20:00
  
  Small grants give expectant families a boost, but the impact of larger sums depends a lot on the recipient’s genderWe think of our family as outside the financial world. But two new studies show that it’s not so simple.The state provides support for those of us lucky/silly enough to have children. Child benefit starts from birth, but you’ll probably know this phase called pregnancy exists. Continue reading...
  
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• 'Water unites us all': UN chief makes plea for unity to stave off crisis – video

  25-03-2023 16:56
  
  The United Nations' first meeting on water in nearly half a century drew towards a close on 24 March with hopes that it would spur political momentum and fears that too little is being done to tackle chronic water stress globally.There is no international binding agreement for water like the one reached for the climate in Paris in 2015, or any framework like that established to protect nature in Montreal last year, despite dire warnings of the risks humanity faces if water is not managed better.
  
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• ‘Working till we drop’: why women are on the front line of French pension protests

  25-03-2023 16:00
  
  With childcare and more part-time jobs, France’s women have to work longer for smaller pensions than their male colleagues, and their anger is risingAs the march against Emmanuel Macron’s pension reforms made its way along the Grands Boulevards north of Paris on Thursday, a group of women began singing and dancing in the dense crowd.Above the sound of police sirens, protestor chants and the clatter of tear gas grenades, the music was familiar; the words were not. A female activist gr
  
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• Sheikh Jassim submits second bid to buy Manchester United

  25-03-2023 11:39
  
  Qatar Islamic Bank chair placed offer late on Friday nightBid comes after week when sale had been thrown into doubtSheikh Jassim bin Hamad al-Thani has made a second bid to buy Manchester United, it is understood. The Qatar Islamic Bank chair – who is also the son of a former Qatari prime minister – placed his second-round offer late on Friday night.A source close to the bid says the Qataris remain confident of completing a takeover at Old Trafford despite rival interest from Sir Jim
  
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• TikTok banned on London City Hall devices over security concerns

  25-03-2023 11:31
  
  Move by Greater London authority comes after Chinese-owned app was blocked on UK parliamentary devicesLondon City Hall staff will no longer have TikTok on their devices in the latest ban imposed on the Chinese-owned social media app over security concerns.The Greater London authority (GLA) said the rule was implemented as it takes information security “extremely seriously”. Continue reading...
  
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• TikTok is part of China’s cognitive warfare campaign | Nita Farahany

  25-03-2023 11:15
  
  Militaries are racing to develop weapons that could one day directly assault or disable human minds. We ignore this broader context at our perilTranslated Chinese military reports suggest that warfare is shifting from destroying bodies to paralyzing and controlling the opponent’s mind. Making the Biden administration’s call for TikTok’s Chinese owners to sell their stakes in the app or face a US ban just the start of a protracted Whac-a-Mole game in a broader strategy to combat
  
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• John Lewis must regain its ‘soul’ to survive, says Mary Portas

  25-03-2023 10:41
  
  Retail expert urges troubled UK company not to lose sight of its values amid proposal to welcome outside investmentMary Portas, one of Britain’s leading retail consultants, has said the John Lewis group faces a battle to regain its soul, amid its potential move to welcome outside ownership.Portas, who advised David Cameron’s coalition government on the future of high streets, sent an open letter to the group’s chair, Sharon White, and Nish Kankiwala, who joins as the group&rsqu
  
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• Money coaches: the mentors who focus on financial health, not wealth

  25-03-2023 10:00
  
  A new breed of ‘personal trainer’ has a more user-friendly, holistic approach to how you spendDharmesh Patel was sceptical about how much he would get out of sessions with a money coach.“I thought it might just be about budgeting – how to manage the pot that I’ve got – but it was much more holistic: less about trying to grow your personal wealth and more about thinking about your financial health and wellbeing.” The 31-year-old from east London is now a
  
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• Rishi Sunak’s accountants urge retention of non-dom status

  25-03-2023 09:00
  
  Evelyn Partners recently confirmed PM made around £5m in past three years, mostly through investmentsRishi Sunak’s accountancy firm, a wealth management company that argued against removing non-domiciled status, has welcomed the government’s tax breaks for wealthy savers and promises to minimise clients’ capital gains tax.Evelyn Partners signed off on the three-page summary of the prime minister’s tax affairs which Downing Street released this week, showing that Sun
  
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• Five care chains thought to make £150m a year for low-rated homes in England

  25-03-2023 09:00
  
  Council are paying large sums for elderly care homes that are inadequate, need improving and not safe, finds Guardian researchFive of the largest private care chains are taking £150m a year in taxpayers’ money for places in English elderly care homes rated inadequate or requiring improvement, including some that are “not safe”, the Guardian has estimated.The leading earner from public funds is HC-One, a chain of 285 care homes majority-owned by a US private equity company
  
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• EU leaders insist their banks are 'stable and profitable'. So why do they keep crashing?

  25-03-2023 08:15 via express.co.uk
  
  The banking crisis started in the US but has quickly spread to Europe, just like the last banking crisis.
  
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• Strawberries instead of bin liners: poll reveals strange supermarket delivery substitutions

  25-03-2023 08:00
  
  Shoppers reported replacement items in 47% of UK deliveries, including 62% from Asda, in Which? surveyDog chews instead of chicken breasts? Strawberries in place of bin liners? These are just some of the strangest supermarket substitutions, according to a poll.Almost half of supermarket deliveries (47%) included a substitute item over the past 12 months, the survey for the consumer group Which? found. Continue reading...
  
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• Parking tickets: how to challenge paying a fine … and win

  25-03-2023 08:00
  
  As number of tickets issued by private firms in Britain hits record high, here are your optionsThe number of parking tickets issued by private companies has hit a record high, according to figures published this month.An analysis of Driver and Vehicle Licensing Agency data by the PA news agency shows the number of parking tickets issued by private firms in Britain soared by 24% in the second half of 2022 to reach 5.7m – an average of about 31,000 every day. Continue reading...
  
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• Britons urged to 'be aware' of important inheritance tax rule as underpayments increase

  25-03-2023 08:00 via express.co.uk
  
  While inheritance tax allowance thresholds controversially remain frozen, an expert shares the ways to reduce the potential of a sizeable tax burden.
  
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• State pensioners could increase payments by up to £14.75 per week

  25-03-2023 07:01 via express.co.uk
  
  The amount of extra state pension a person could boost their entitlement by depends on when they reach state pension age.
  
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• ‘Use it or lose it!’: Britons have only two weeks left to boost savings by up to £20,000

  25-03-2023 07:00 via express.co.uk
  
  The deadline for Britons to use the entirety of their ISA allowance and boost their savings is April 5, 2023.
  
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• State pension payment date changes occurs in two weeks - check when you’ll get sum

  25-03-2023 06:01 via express.co.uk
  
  The state pension change could impact when millions of people receive their payments.
  
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• Cash ISAs vs savings account: ‘Best place’ to put your cash as tax end deadline looms

  25-03-2023 05:01 via express.co.uk
  
  As the tax year end approaches, an expert has shared their thoughts on whether Britons should be making changes to where they keep their savings and using their ISA allowance.
  
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• Pension rule could see Britons save up to £180,000 for retirement next year

  25-03-2023 05:00 via express.co.uk
  
  Chancellor Jeremy Hunt announced drastic reform to the pension system last week, specifically around the lifetime allowance.
  
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• Man explains how he turned £4,500 into £120,000 business in six months with 'no plan'

  25-03-2023 05:00 via express.co.uk
  
  EXCLUSIVE: Teenage entrepreneur Charles Robinson netted himself six figures from a "simple" idea after dropping out of university during the COVID-19 pandemic.
  
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• ‘I didn't realise!’ Woman able to save £500 a year on energy bills via home improvements

  25-03-2023 05:00 via express.co.uk
  
  She was able to get a free EPC report which showed she could save a substantial amount by getting insulation for her roof space and attic room, she told Express.co.uk in an exclusive interview.
  
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• Yorkshire chief executive Stephen Vaughan spells out financial issues

  25-03-2023 01:32
  
  County sustained £3.5m cash shortfall this yearColin Graves interested in returning as chairmanThe Yorkshire chief executive, Stephen Vaughan, says anyone who could help assist the club with their financial difficulties would be “listened to seriously” for the chair vacancy, with Colin Graves having stated his interest in returning.Vaughan spelt out the issues facing the club to members at the county’s annual general meeting on Friday night, highlighting a £3.5m cas
  
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• First global water conference in 50 years yields hundreds of pledges, zero checks

  25-03-2023 01:15
  
  Non-binding commitments, paucity of scientific data and poor representation of global south left a lot to be desired at summitThe first global water conference in almost half a century has concluded with the creation of a new UN envoy for water and hundreds of non-binding pledges that if fulfilled would edge the world towards universal access to clean water and sanitation.The three-day summit in New York spurred almost 700 commitments from local and national governments, non-profits and some bus
  
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• State pension ‘smoking gun’ uncovered as ‘hundreds of thousands’ underpaid

  25-03-2023 01:01 via express.co.uk
  
  A "smoking gun" document could mean hundreds of thousands of women are being underpaid the state pension, an expert has warned.
  
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