Financial news

• IMF revises UK growth outlook upwards, but country still worse than comparable economies – video

  11-04-2023 21:02
  
  In a bleak report from the International Monetary Fund (IMF), the UK is forecast to be one of the poorest performing major economies among the G7 nations in 2023.Although the IMF slightly upgraded its last forecast, it still anticipates a contraction in the UK economy this year. Contributing to the strong headwinds faced by the UK, the IMF underlined the mounting effects of elevated energy costs, persistent inflation and financial risks from raised interest ratesUK economy forecast to shrink by
  
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• Early-finish Fridays weren’t universally popular in the 1970s office | Brief letters

  11-04-2023 19:01
  
  Workplace trends | Child sexual abuse in Walsall | Noisy cars | Estate agent’s flight of fancy | The Year of the Four EmperorsIn the 70s, my workplace brought in Friday closing at 3.30pm (UK firms try to lure Gen Z workers with ‘early finish Fridays’, 6 April). Most office staff welcomed it, but the warehousemen huddled in a local pub: they feared that if they got home early, they’d have to go to the supermarket with their wives. One person complained that it was difficul
  
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• How can you comfort a sad, scared billionaire? Call them a ‘person of wealth’ | Arwa Mahdawi

  11-04-2023 18:11
  
  The filthy rich are fighting back against wealthism. They are assisted by media allies, who urge more neutral language to describe their gold-plated plightYou’ve heard of racism and sexism, but there’s a horrifying new -ism we all need to be aware of: wealthism. The obscenely rich, you see, are an increasingly persecuted minority, vilified in modern society. Wealthism is so deeply entrenched, that without even knowing it, you’re probably using anti-wealth language and making bi
  
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• 150,000 grandparents could be missing out on vital state pension uplift

  11-04-2023 13:08 via express.co.uk
  
  Grandparents are being urged to check if they are missing out on vital National Insurance credits that could boost their state pensions by thousands.
  
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• Woman 'obsessed' with method which slashed £589 supermarket bill to £87

  11-04-2023 12:58 via express.co.uk
  
  Coupons are increasingly being used by households to reduce supermarket shopping costs, with TLC's Extreme Couponing offering examples of how people can save money.
  
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• Sainsbury’s begins offering lower prices to Nectar card holders

  11-04-2023 12:20
  
  Supermarket’s loyalty scheme discounts follow Tesco’s successful Clubcard Prices dealsSainsbury’s has begun offering lower prices on more than 300 items to members of its Nectar loyalty card scheme in a move that will rival Tesco’s Clubcard scheme.The Nectar Prices scheme offers deals when members of the supermarket’s loyalty programme swipe their card or app in large stores or link to their account online, in a similar way to its rival Tesco’s successful Club
  
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• 'I asked daughter to contribute £75 to bills - she lashed out but has more spare cash'

  11-04-2023 12:15 via express.co.uk
  
  The mum said on Mumsnet her 18-year-old daughter refused to pay an increased amount towards bills despite having more disposable cash than her mum.
  
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• Blending hydrogen into gas heating ‘could add almost £200’ to UK bills

  11-04-2023 11:53
  
  Campaigners say potential energy plan would leave consumers bearing cost of building hydrogen economyBlending hydrogen into the UK’s gas heating systems could raise consumer bills by almost £200 for an average household, analysis suggests.The blending of natural gas with about 20% hydrogen, for use in home heating systems, is one of the key recommendations by the government’s hydrogen champion, Jane Toogood, in a report to ministers on how to produce and use hydrogen in the UK.
  
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• 'Is this real?’ Man in tears as Undercover Boss offers his family over £16,000

  11-04-2023 11:26 via express.co.uk
  
  Undercover Boss sees CEOs of companies go undercover to learn more about the day-to-day operations of their businesses and the people who operate them.
  
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• State pensioners with back pain could be eligible for benefit worth up to £5,300 a year

  11-04-2023 11:20 via express.co.uk
  
  Hundreds of thousands of eligible state pensioners are missing out on Attendance Allowance.
  
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• IMF says high interest rates 'temporary' and could slide back to pre-Covid levels

  11-04-2023 10:37 via express.co.uk
  
  Amid a period of surging mortgage rates, analysts predict interest rates are likely to revert to pre-pandemic levels.
  
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• Halifax is offering 5.5 percent interest rate to regular savers

  11-04-2023 10:15 via express.co.uk
  
  Halifax savers need to deposit between £25 and £250 each month with the interest paid at the end of the 12-month term.
  
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• Turned £10k into £61,800: How UK’s favourite Isa fund smashed cash and made savers rich

  11-04-2023 09:52 via express.co.uk
  
  The UK's most popular investment fund among stocks and shares Isa savers is fighting back after a tough 2022, adding billions to its value.
  
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• Retirement age rise to 70 'marks 23% cut to benefits' for ‘barely surviving’ seniors

  11-04-2023 09:23 via express.co.uk
  
  Older people face a significant cut to benefits if rumoured changes to the US Retirement Age take place.
  
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• New calls for 'enormous outgoing' council tax to be scrapped for older people

  11-04-2023 08:49 via express.co.uk
  
  Campaigners are calling for council tax to be "abolished" for state pensioners as some have to pay 30 percent of their state pension on the tax.
  
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• UK households turn to TV subscriptions as they cut back on nights out

  11-04-2023 01:01
  
  Consumers reduce spending on groceries, clothes and eating out as they seek to balance budgetsUK consumers cut back on groceries, clothes shopping and eating out last month but streaming and pay TV subscriptions jumped as cash-conscious viewers switched to nights in.The return of big hit series such as Succession, The Mandalorian and Ted Lasso fuelled a healthy 4.1% increase in spend on digital content and subscriptions in March, the highest year-on-year rise in five months, according to Barclay
  
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