Financial news

• HEALing power of the high street as iconic furniture store gets a revamp

  13-05-2023 23:01 via express.co.uk
  
  Heal's is seeking to buck the trend of large retailers deserting high streets to focus on trading online.
  
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• How to fly economy class but feel like you’re in business

  13-05-2023 22:00
  
  After Air New Zealand revealed new economy class sleep pods, we look at other ways to make a long journey in the cheaper seats a bit more bearableGet our morning and afternoon news emails, free app or daily news podcastFlying economy class can often feel like you are in a jail cell in the sky, particularly if you’re flying long haul.From cramped seats and toilet queues to waddling past luxurious business class seats, there is no end to the many ways airlines remind you of your class. Conti
  
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• BAE investigating alleged sabotage of next-generation Royal Navy warship

  13-05-2023 21:31
  
  BAE Systems says dozens of cables intentionally damaged on Type 26 frigate HMS Glasgow in Scottish shipyardAn investigation has begun into an alleged incident of sabotage onboard a next-generation Royal Navy warship at a Scottish shipyard.Dozens of cables on HMS Glasgow, which is expected to enter into service in the late 2020s, were “damaged intentionally” according to BAE Systems, the main contractor responsible for the construction and fitting out of the ship. Work has now restart
  
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• Martin Lewis: ‘We must stop calling it a student loan – this is a graduate tax’

  13-05-2023 20:06
  
  The consumer finance champion says most university leavers will spend the rest of their working lives paying off the cost of higher education• Read more: richer graduates in England will pay less for degree than poorer studentsThe consumer finance champion Martin Lewis has highlighted the impact of the new arrangements for student loans, saying some school-leavers may no longer consider a degree is worth the cost.“There is a fundamental misunderstanding about how student loans work, b
  
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• Martin Lewis: ‘We must stop calling it a student loan’

  13-05-2023 20:06
  
  The consumer finance champion says most university leavers will spend the rest of their working lives paying off the cost of higher education• Read more: Richer graduates in England will pay less for degree than poorer studentsThe consumer finance champion Martin Lewis has highlighted the impact of the new arrangements for student loans, saying some school-leavers may no longer consider a degree is worth the cost.“There is a fundamental misunderstanding about how student loans work, b
  
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• Tory anarchy breaks out as revolt looms on Brexit laws

  13-05-2023 20:00
  
  Ex-ministers attack Rishi Sunak’s leadership as pro-Johnson wing calls for lower taxesRishi Sunak was losing control of an increasingly anarchic Tory party on Saturday as former cabinet ministers openly criticised the direction of policy under his leadership and dozens of backbench MPs plotted a new rebellion over Brexit.Amid recriminations over the heavy Conservative losses in recent council elections, and with pro-Brexit MPs incensed that Sunak’s government is dropping plans to shr
  
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• Too tired to cook. Too easy to open a packet. It’s not our fault we eat junk | Rebecca Seal

  13-05-2023 19:32
  
  We’re shamed if we make ‘bad’ choices on diet, but Big Food and an overwork culture are the real culpritsWe live in a toxic food environment, and Big Food has extremely clever marketers and food scientists. That all of us eat a lot of Big Food’s produce means those people are very good at their jobs. It doesn’t mean we have failed if we eat what the industry makes.In the UK, about 50% of the average adult’s diet, and 65% of a child’s, is ultra-processed.
  
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• The Observer view on Brexit: Tories are paying the price for their dishonesty | Observer editorial

  13-05-2023 18:28
  
  Seven years after the referendum, the evidence of its tragic consequences for the country are mountingBrexit was sold to voters seven years ago on the basis it would be the answer to myriad problems. It would address Britain’s laggardly growth by putting rocket boosters under the economy. It would free up money to spend on an underfunded NHS. It would boost wages in low-paid jobs by reducing immigration levels. And it would reinvigorate our parliamentary democracy by returning sovereignty
  
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• Plunge in clinical drug trials makes Britain an urgent case for treatment

  13-05-2023 17:00
  
  With visions of the UK as a ‘life sciences superpower’ at risk, we report from Great Ormond Street hospital on what’s being done to give children access to new drugsFour-year-old Zunaira is watching the animated children’s series Love Monster on an overhead TV screen as she lies in a hospital bed with six electrodes stuck to her body.Her 10-year-old brother Zain is busy on his iPad on a chair next to her in the clinical research facility at Great Ormond Street Hospital (G
  
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• A moment’s silence, please, for the death of the Metaverse

  13-05-2023 17:00
  
  Meta sank tens of billions into its CEO’s virtual reality dream, but what will he do next?Dearly beloved, we are gathered here today to remember the metaverse, which was quietly laid to rest a few weeks ago by its grieving adoptive parent, one Mark Zuckerberg. Those of you with long memories will remember how, in October 2021, Zuck (as he is known to his friends) excitedly announced the arrival of his new adoptee, to which he had playfully assigned the nickname “The Future”.So
  
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• Why are UK food prices still rocketing and when will it stop?

  13-05-2023 16:00
  
  Costs are falling yet shopping bills rise. Something doesn’t add up and experts point to ‘greedflation’ on the part of big retailers‘It’s diabolical because if I put my prices up people are going to stop coming to my shop,” says Bally Singh, owner of Hooked Fish and Chips about the hard decisions as high energy and food costs threaten his business.Singh’s fish and chip shop in West Drayton, in the outer suburbs of London, is one of 10,500 in the UK battl
  
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• Single-use vapes sparking surge in fires at UK waste plants

  13-05-2023 15:39
  
  The 1.3m disposable e-cigarettes discarded every week often end up in general waste and their broken batteries are highly flammableDisposable vapes are behind a dramatic rise in fires at recycling plants over the last year, raising the risk of a major blaze releasing toxic fumes and polluting air, industry experts warn.Recycling firms are now dealing with so many vapes that they are struggling to insure their facilities. Some are now using artificial intelligence to detect vapes and their lithiu
  
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• From bills to personal space: a therapist on how to survive grown-up kids moving back home

  13-05-2023 15:00
  
  The number of adult children living with parents in the UK keeps rising: two years ago, there were 4.9 million Empty nest syndrome, the sense of loss and emptiness many parents feel when their children leave the family home, is one of those transitional moments in life that is increasingly being deferred. Figures released from the 2021 census show that there is a notable increase in adult children living with their parents.Two years ago there were 13.6% more family homes containing children over
  
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• London’s Liverpool Street station redevelopment: on the wrong track?

  13-05-2023 14:00
  
  Proposing artificial light, a concourse one floor away from the platforms and the partial demolition of a listed building, a £1.5bn plan to redevelop this historic London railway terminus seems ill-conceived, even with Herzog & de Meuron on boardLiverpool Street station in London, grand old Victorian terminus, one of the busiest in the country by footfall – honoured by a place on the Monopoly board – plus the adjoining former Great Eastern hotel, where the vampire-hunter Va
  
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• ‘It doesn’t need regeneration’: Peckham’s charm under threat from gentrification plans

  13-05-2023 14:00
  
  The quirky appeal of Rye Lane is threatened by developer’s 14 high-rise flats, sayresidentsThere’s a scene in Rye Lane, a film said to be breathing new life into romcoms, where the two main characters stroll past a body-popping white-haired man in a spangly Yves Klein blue cowboy outfit, then continue their conversation sitting in giant high heels outside a shoe shop.The moonwalking cowboy is an actor, but the shoe shop is real – one of dozens of outlets inside Rye Lane market
  
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• Ministers not doing enough to control AI, says UK professor

  13-05-2023 13:45
  
  Stuart Russell, former government adviser, says ChatGPT could become part of super-intelligent machine that can’t be constrainedOne of the professors at the forefront of artificial intelligence has said ministers are not doing enough to protect against the dangers of super-intelligent machines in the future.In the latest contribution to the debate about the safety of the ever-quickening development of AI, Prof Stuart Russell told the Times that the government was reluctant to regulate the
  
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• State pension triple lock in new election threat – Sunak and Starmer must come clean now

  13-05-2023 12:07 via express.co.uk
  
  Politicians need to come clean and tell us if they are planning to scrap the state pension triple lock after the next election, a top pension expert has demanded.
  
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• Millions eligible for £200 free cash for energy bills but deadline looms - how to claim

  13-05-2023 10:01 via express.co.uk
  
  There are just weeks left to claim the £200 cash boost to help with energy bills.
  
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• UK charity shops: insiders’ tips on getting the best bargains

  13-05-2023 10:00
  
  ‘Thrifting’ is becoming popular in the cost of living crisis – and buying secondhand is more sustainable“Thrifting” is soaring in popularity as the cost of living crisis bites, and it’s more sustainable, too. So how can you become a pro and grab bargains at charity shops? Continue reading...
  
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• What has gone wrong at John Lewis and Waitrose – and can they survive?

  13-05-2023 09:00
  
  Sharon White has survived a staff rebellion, but the boss of middle England’s favourite retailer is under pressure to rethink her strategyAlmost a quarter of staff representatives voted against John Lewis boss Sharon White in a crucial confidence vote this week, it has emerged, raising questions about her plan to return the owner of 34 department stores and the Waitrose supermarket chain to profitability.Details of the vote count, published on the John Lewis Partnership website on Friday n
  
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• UK bank overdrafts: ‘I received £8,000 after I complained’

  13-05-2023 09:00
  
  People struggling with debt could get redress if their bank failed to make the right affordability checksA woman who was struggling with debt has received an £8,000 payout from a high street bank after making a complaint about her overdraft. Now thousands of other borrowers could be in line for refunds.Laura (she did not wish to give her surname) was £30,000 in debt, with £9,000 of that in overdrafts, and struggling to make ends meet when she searched online for a solution. Con
  
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• Popular easy access savings account pays just 0.7% but savers could get 3.71% instead

  13-05-2023 09:00 via express.co.uk
  
  The big banks are taking advantage of rising interest rates to boost their profit margins while giving loyal savers a rotten deal.
  
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• Lisbon revealed as best-value location for a European city break

  13-05-2023 08:00
  
  The Portuguese capital wins top spot ahead of budget-friendly eastern European destinations, according to new pollIn an annual travel survey which analysed typical tourist costs in 35 European cities, Lisbon has emerged as the best-value location for a city break on the continent – beating traditional budget-friendly eastern European destinations.The Post Office Travel Money City Costs Barometer found the Portuguese capital won the top spot ahead of runner-up Vilnius, Lithuania’s cap
  
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• Warning as renters need ‘over £500,000 pension pot’ - do you have enough?

  13-05-2023 01:01 via express.co.uk
  
  Renting in retirement is becoming more common, however, it could have serious impacts for finances in later life.
  
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• Soaring interest rates to cost UK mortgage holders £12bn in extra payments

  13-05-2023 01:01
  
  Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says Soaring interest rates will cost UK mortgage holders £12bn in extra payments, according to a leading thinktank which said the impact will be felt mostly by young families.In a report that emphasised the dramatic impact of higher borrowing costs, the Resolution Foundation said the Bank of England’s 12 consecutive rates rises since December 2021 had already cost homeow
  
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