Financial news

• Help low-paid workers or face curbs to bosses’ pay, fund managers tell UK firms

  30-04-2023 16:43
  
  Investment managers join call for companies to pay real living wage across entire supply chainsMany of Britain’s largest employers must do more to increase pay for workers struggling with the cost of living crisis or face votes against pay increases for executives, investment managers have warned.Peter Hugh Smith, the chief executive of CCLA, an investment manager for the pensions of charities and church organisations, said many employers were failing “to do the right thing” an
  
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• Florida’s rightwing governor DeSantis backs Badenoch’s ‘war on woke’

  30-04-2023 16:38
  
  Republican expected to run for nomination supports UK business secretary’s attempt to stop the left ‘corrupting British society’Florida’s rightwing governor, Ron DeSantis, has backed UK business secretary Kemi Badenoch in taking on what he calls “the woke”.DeSantis, who is expected to challenge Donald Trump for the Republican nomination for the 2024 presidential electoin, met Badenoch and foreign secretary James Cleverly on a visit to London this week. Continu
  
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• British workers increasingly likely to work into their 70s, research suggests

  30-04-2023 15:15
  
  Cost of living crisis forcing some older people to stay in work as data shows 61% increase in number of over-70s in employmentBritish workers are increasingly likely to work into their 70s, according to research released on International Workers’ Day thatfound the cost of living crisis has left older people with little choice but to stay in employment.There were 446,601 people above the age of 70 still in work last year, a rise of 61% compared with 277,926 in 2012, said Rest Less, an onlin
  
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• Readers reply: which professions offer the best pay for the least amount of effort?

  30-04-2023 15:00
  
  The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical conceptsWhich professions offer the best pay for the least amount of effort? Anna Harrison, BoshamSend new questions to [email protected]. Continue reading...
  
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• King Charles urged to push for break up of UK’s ‘network of satellite tax havens’

  30-04-2023 14:19
  
  Tax Justice Network says monarch can lead push to revamp laws allowing ‘industrial scale avoidance’ totalling £152bn a yearKing Charles has been urged to call for the breakup of the “UK’s network of satellite tax havens” through which an estimated £152bn worth of tax is avoided every year, according to campaigners.Tax Justice Network, a coalition of researchers and activists campaigning against tax avoidance, are today calling on King Charles to use his
  
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• The biggest challenge facing US small businesses? Rising interest rates | Gene Marks

  30-04-2023 14:00
  
  Financial help is available to small businesses – but this funding is competitive, time-consuming and difficult to receiveThe Federal Reserve chair, Jerome Powell, has been warning for some time that it takes time for interest rate rises to filter through to the real economy. Well, here we are.Since March, 2022 the Fed has increased its federal funds rate – the rate it charges to its member banks to access money – from 0.25% to 5%. That’s a 20-fold increase in just a year
  
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• The Bank of England was right, inflation has made us poorer. But whose fault is it? | Larry Elliott

  30-04-2023 12:37
  
  Central banks are keen to blame the surge in inflation on anyone but central banksImagine you are a trade union official deep in negotiations with an employer over pay. Inflation is running at 10% and you know the company has lots of unfilled vacancies. You are seeking a wage settlement that at the very least maintains the spending power of your members.The backdrop to the pay talks is a war that has led to a sharp rise in the cost of energy. Gas and electricity bills have gone up, leaving membe
  
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• Pawn shops and bread queues: poverty grips Ukraine as war drags on

  30-04-2023 12:31
  
  People turn to handouts and pawning goods as Kyiv’s bustling bars belie reality of life in wartime for manyIn the Treasure pawn shop in Kyiv, Oleksandra, 40, a well turned out woman in a hooded wool coat and Nike trainers, has come to redeem her sewing machines. Like all those visiting the store, she does not want to give her family name.She says that when Russia invaded Ukraine in February 2022, she was working as an accountant for a firm that employed 14 people, who were all laid off bec
  
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• Forget buy-to-let: These property owners earn up to £36k a year and pay less tax

  30-04-2023 12:30 via express.co.uk
  
  Buy-to-let is falling out of favour as the cost and bother increasingly outweigh the rewards, but property lovers may find a more attractive investment opportunity in holiday cottages.
  
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• Why Britain has become the top destination for US ‘bleisure’ invasion

  30-04-2023 12:00
  
  American visitors to the UK have risen sharply in number – and it may be because they are choosing to mix business with leisureIt’s the travel trend that never quite took off. Ever since American trader Ben Hockett made millions during the 2008 global financial crisis by trading online from an Exmouth pub, travel marketers have tried to sell the concept of mixing holidays with work.But now blended travel – or “bleisure”, as it was known in the 00s heyday of portmant
  
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• Biden denies ‘bomb train’ permit to ship liquid gas through populated areas

  30-04-2023 12:00
  
  Gas giant New Fortress Energy’s cars would have taken a route from Pennsylvania to New Jersey, hauling its explosive cargoThe Biden administration’s transportation department has denied a special permit request from gas giant New Fortress Energy that was needed to run up to 200 liquified natural gas “bomb train” cars daily from north-east Pennsylvania to a New Jersey shipping terminal.The proposal’s opponents warned prior to the recent East Palestine wreck that a de
  
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• Politicians have a point, police numbers really do affect the levels of crime | Torsten Bell

  30-04-2023 11:31
  
  While tackling crime is complex, a US study found that a 10% increase in officers on the streets reduced violent crime by 13%Police officers are back in the headlines – and for once not because of terrible misconduct.The government announced mission accomplished last week on its manifesto commitment to recruit 20,000 extra coppers. Labour hit back, saying this was just reversing the government’s own cuts since 2010. The reality is somewhere in between: there has now been an increase
  
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• UK cracks down on cold calls and text scams offering financial products

  30-04-2023 09:01
  
  Government to extend powers to target fakes and fraudsters Cold calls offering financial products will be banned as part of a government crackdown on fraud following evidence that millions of people are being targeted each week.Once the ban is in force, anyone being offered phoney cryptocurrency schemes or fraudulent insurance can assume they are a scam. Continue reading...
  
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• BoE promised us inflation would fall - now financial experts are betting it won't

  30-04-2023 09:01 via express.co.uk
  
  A host of expert bodies led by the Bank of England keep assuring us that inflation is about to plunge. Money managers are betting it won't happen.
  
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• Danger and deja vu: what 2011 can tell us about the US debt ceiling crisis

  30-04-2023 09:00
  
  Congress appears to be facing its biggest debt standoff in years – and the consequences of default could be disastrousAngry at the size of the government debt, House Republicans have passed a bill that ties spending cuts to any lifting of the US’s debt limit. A tense fight is escalating, with Democrats refusing to budge and hard-line Republicans digging in. Without a solution, economists and others warn, the US could be plunged into an “economic catastrophe”.You can be fo
  
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• Will no party admit that Britain blundered on Brexit? | William Keegan

  30-04-2023 08:00
  
  Polling reveals most voters can now see through the referendum’s lies much more clearly than their leaders ‘Half a league, half a league, / Half a league onward. / All in the valley of Death, / Rode the six hundred.” Why does Tennyson’s great poem come to mind as the local garage waits for a spare part to be delivered from Turin to fix a problem with my Fiat?In pre-Brexit days, thanks to Margaret Thatcher’s great achievement in integrating the British economy into t
  
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• The Observer view on generational inequality: the redistribution of wealth requires political nerve | Observer editorial

  30-04-2023 07:01
  
  It’s time for baby boomers to share their spoils with the young, or else trouble lies aheadThe promise that living in an affluent society with a healthy economy holds out is that successive generations will enjoy ever-greater opportunities. But in the UK that intergenerational covenant is under threat, thanks to a housing market that means falling numbers of people will own their own home, and an ageing society in which today’s young people will shoulder the burden of higher taxes to
  
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• Save £80 on energy bills by taking advantage of warmer temperatures

  30-04-2023 06:00 via express.co.uk
  
  Britons can cut their energy bills by reducing their use of the tumble dryer during the warmer months of the year, an expert has exclusively told Express.co.uk.
  
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• 'I believe I have the right to retire!' Retiree's hobby becomes vital income as costs soar

  30-04-2023 05:01 via express.co.uk
  
  EXCLUSIVE: A 67-year-old woman has described taking on part-time work after reaching state pension age, as she grapples with rising bills.
  
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• Are you at risk of a ‘cash leak’? Acting now could save '£495 a year in household cash'

  30-04-2023 05:01 via express.co.uk
  
  Britons are warned that failing to carry out essential home maintenance checks could end up costing on average £1,885 more per job if they are left too late.
  
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• Savings warning as inflation slashes value of cash - how to beat the trend

  30-04-2023 05:00 via express.co.uk
  
  Inflation remains high with the latest figure at 10.1 percent as Britons face rising prices for energy bills and other essentials.
  
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• Dad ‘sacrificed a lot’ to retire early at 32 - now has assets worth £10million

  30-04-2023 05:00 via express.co.uk
  
  EXCLUSIVE: One man had to sacrifice a lot in his twenties, but has been able to make millions and retire early.
  
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• Twitter to let publishers charge users per article read, says Elon Musk

  30-04-2023 04:49
  
  Musk calls the one-click move a win for both the public and media organisationsTwitter CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per-article basis with one click, calling it a win for both the public and media organisations.The feature, to be rolled out in May, will enable users who do not “sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article”, billion
  
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