Financial news

• Brexit Britain win as world’s second-biggest fund manager snubs EU to open next UK office

  26-03-2023 23:51 via express.co.uk
  
  Vanguard is set to open an office in Manchester city centre in what would be a huge boost for the UK outside of the European Union.
  
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• Cost-of-living: Five years to reach spending power of before the pandemic

  26-03-2023 23:01 via express.co.uk
  
  Richard Hughes, chairman of the UK Office for Budget Responsibility, warns that consumers' spending power may take up to five years to recover to pre-pandemic levels, making it the biggest real drop in living standards on record.
  
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• Myopia in the Bank of England over companies’ profiteering | Letter

  26-03-2023 19:48
  
  Research showing that most price increases came from ‘companies seeking to maintain profit margins’ has not been noticed by the Bank, writes Bernie EvansThe myopic Andrew Bailey is being disingenuous to say the least when stating that “he had no evidence to support” the claim that companies are profiteering during this time of inflation (Bank of England boss urges firms to hold back price rises or risk higher rates, 24 March).What does he want? A signed confession from th
  
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• 'I began my budgeting business with £980 in 2021 & made £695,200 last year'

  26-03-2023 17:56 via express.co.uk
  
  The woman's "cash stuffing" business is on track to make $1million this year - having launched just two years ago.
  
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• Refill and help save the planet with eco cleaner Homethings

  26-03-2023 14:01 via express.co.uk
  
  The company's ground-breaking aim, to reverse the vast amounts of water used and carbon emitted in the production of everyday items, has led to revolutionary options for shoppers.
  
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• It may not be 2008 all over again – but this banking turmoil is not without danger | Richard Partington

  26-03-2023 13:48
  
  New approach is needed to get UK through looming credit crunch after failure of recovery from crashCrashing financial markets, depositors rushing to withdraw their money, and fears over the next domino to fall. Not since the 2008 financial crisis has the global banking system appeared so fragile, as the rapid increase in interest rates used to tackle soaring inflation sends shock waves through the City.In the turmoil of the past fortnight, the Swiss government-brokered rescue of Credit Suisse by
  
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• Consider yourself lucky if your small business worked with Silicon Valley Bank | Gene Marks

  26-03-2023 12:00
  
  Yes, there were some scary moments, it was poorly regulated and your bank failed to protect your money – but you got it backIf your business banked with Silicon Valley Bank then count yourself as very, very lucky.Yes, your bank failed to protect your money. Its managers made unwise investment decisions, it was poorly supervised and poorly regulated. But you still got your money back. Continue reading...
  
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• All UK honey tested in EU fraud investigation fails authenticity test

  26-03-2023 10:00
  
  Ten samples from Britain were suspected of containing cheap sugar syrupAdulteration of honey with cheap sugar syrup has been exposed in a new investigation by the European Commission, which found 46% of sampled products were suspected to be fraudulent. Ten honey samples from the UK all failed the tests. They may have been blended or packaged in Britain, but the honey probably originated overseas.This is not the first time tests have suggested that UK shoppers may be being cheated on their honey,
  
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• State pension age can't keep rising if we're dying earlier

  26-03-2023 08:37 via express.co.uk
  
  The Government's decision to scrap an early hike to the state pension age looks like good news. Until you learn the reason why.
  
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• Stocks and Shares Isa option turned £20,000 into £118k but 'savers need to be brave'

  26-03-2023 08:00 via express.co.uk
  
  Stocks and Shares Isa investors will be understandably nervous as the banking crisis sends global markets into meltdown days before the deadline for using this year's tax-free allowance.
  
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• 'Excellent way to gain income': 'Essential' tips to start a business with no funding

  26-03-2023 05:01 via express.co.uk
  
  EXCLUSIVE: It can be tricky to launch a business without capital, especially in today's volatile climate - but it is possible, and experts have shared their top tips.
  
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• ‘Vitally important’ pensions warning for people when they divorce

  26-03-2023 05:00 via express.co.uk
  
  Separating couples are often unaware of the rules around pensions despite them often being a huge asset, experts have exclusively told Express.co.uk.
  
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• Inflation ‘eating into’ state pension and Universal Credit payment increase

  26-03-2023 05:00 via express.co.uk
  
  Benefit payments from the Department for Work and Pensions , such as Universal Credit, Personal Independence Payment and the state pension will be awarded a rate hike in only a few weeks' time.
  
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• Debt warning: Households borrowing up to £715 to pay for the rising cost of living

  26-03-2023 05:00 via express.co.uk
  
  Households are increasingly finding it difficult to make ends meet due to the continuing cost of living crisis.
  
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