Financial news

• The Guardian view on Tory housing policy: profits ahead of people | Editorial

  12-05-2023 19:30
  
  No 10 blocked a vote-winning proposal to end leaseholding – wary of picking a fight with wealthy donorsThe leasehold system of property ownership in England and Wales is a feudal relic, a hangover from the middle ages when powerful families wanted to retain ownership of their land while maximising their earnings from it. In recent years it had seen homes created merely to provide an income for whoever owns the freehold. These archaic laws ought to be reformed out of existence. It was heart
  
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• Is running Royal Mail the most impossible job on the FTSE?

  12-05-2023 14:58
  
  As Simon Thompson resigns, leading the 507-year-old postal business looks increasingly like a poisoned chaliceRoyal Mail boss to step down after bitter dispute with unionsAs he sprang up on screen delivering another cheery missive from his car, Simon Thompson had a touch of the travelling salesman about him. It was early 2021 and the former Ocado executive was touring Royal Mail’s offices not long after taking the top job there, addressing his 100,000 new charges by video with his familiar
  
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• NHS waiting lists, inflation, national debt … one by one, Sunak’s pledges are crumbling | Polly Toynbee

  12-05-2023 11:00
  
  Despite Tory promises, 7.3 million people are waiting for an operation. Frantic activity in the government’s last days can’t correct its fatal decisionsThe NHS waiting list in England for hospital treatment has just broken its own record, rising to 7.3 million. Just before the data dropped, the Tories issued yet another murmured apology for missing an NHS waiting time target. A promise to treat all those who had been waiting 18 months for an operation by April had not been met &ndash
  
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• Government pushes for Britons to ‘get back to work’ in hopes to cut income tax by 2p

  12-05-2023 10:34 via express.co.uk
  
  The Government could have spied an opportunity to cut income tax by two percentage points for basic rate taxpayers, if they get thousands of people back to work.
  
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• Amazon updates credit card offering - customers could earn a bonus of £219

  12-05-2023 10:33 via express.co.uk
  
  Amazon has made significant changes to its credit card offerings which could over customers a bonus of around £219.
  
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• 'Our pension plans were ruined!' WASPI woman hits out at state pension age change

  12-05-2023 10:15 via express.co.uk
  
  EXCLUSIVE: A WASPI woman has described how the pension plans of millions of women have been "ruined" by lack of notice on a state pension age change.
  
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• State pension underpayments sparks urgent call to check your data is correct

  12-05-2023 10:04 via express.co.uk
  
  Britons are being urged to look into their state pension to avoid falling short of the full sum they are due in retirement.
  
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• State pension age changes could affect when you get free bus pass and free prescriptions

  12-05-2023 09:23 via express.co.uk
  
  The state pension age is set to increase in a few years with legislated changes to 67, and subsequently to 68.
  
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• State pension age will rise to 68 as plan laid out to tackle ongoing ‘tension’

  12-05-2023 09:22 via express.co.uk
  
  The state pension age will rise, with plans to hike this to 68 already being mulled over by the Government.
  
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• High school dropout is now a retired millionaire at 22 and brings in £11.9million

  12-05-2023 09:22 via express.co.uk
  
  The majority of people never became millionaires and do not have the option of an early retirement, however, some are able to achieve these goals at a young age.
  
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• BoE's Bailey has got it wrong again and again - and we're the ones paying the price

  12-05-2023 09:09 via express.co.uk
  
  I almost feel sorry for the Bank of England and its hapless Governor Andrew Bailey. It seems cruel to keep asking it to deliver economic forecasts when it's clearly so bad at making them.
  
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• UK declared 'fraud capital of the world' – is your area in the top 10 hotspots?

  12-05-2023 09:00 via express.co.uk
  
  Fraud is now the number one crime in the UK with an estimated one in 15 people affected each year.
  
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• Environment Agency pulls £50m scheme to protect homes in England from flooding

  12-05-2023 08:00
  
  Businesses that put together bids for flood doors, non-return valves and waterproof floors say they have spent tens of thousandsA £50m scheme to protect thousands of homes from flooding by the autumn has been pulled by the Environment Agency.Businesses that put together bids for the scheme to provide homes in England with flood defences including flood doors, non-return valves and waterproof floors, say they have spent tens of thousands preparing their bids. Continue reading...
  
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• Britain’s nimby homeowners: do you really want your children living with you for ever? | Gaby Hinsliff

  12-05-2023 08:00
  
  The argument for housebuilding may be one voters don’t want to hear, but politicians of all stripes should be making it anywaySometimes a crisis best reveals itself in the small things. A pile of laundry, that by now you didn’t imagine you would still be doing; the sound of the front door opening in the early hours and adult footsteps creaking up the stairs.Living with frustrated twentysomething children who should probably have flown the nest long ago, but can’t afford to move
  
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• Pump it up: UK householders on ditching their gas central heating

  12-05-2023 07:00
  
  Climate crisis and high fossil fuel prices motivated some to invest in heat pumps – how did their first winter go?The return of warmer weather could not have come soon enough for households worried about energy bills. For others, the change of season marks the end of their first winter without relying on gas for their heating.A small number of homes have installed heat pumps, which use electricity to channel warmth from the ground or the air into the home, and could play a major role in cu
  
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• Landlords to be given more powers to evict tenants for antisocial behaviour

  12-05-2023 07:00
  
  Michael Gove to introduce bill strengthening lessors’ rights in England as charities warn of impact for domestic abuse victimsLandlords in England will be able to evict tenants for antisocial behaviour more easily as part of a wider package of reforms to the rental market, after heavy lobbying by industry organisations and Conservative backbenchers.Michael Gove will use the renters’ reform bill, which could be introduced to the Commons as soon as next week, to strengthen landlords&rs
  
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