Financial news

• House prices need to fall relative to income, Keir Starmer says

  17-05-2023 20:17
  
  Labour leader accuses Conservative government of killing the dream of home ownershipHouse prices need to fall in relation to people’s incomes, Keir Starmer has said, in a sign the Labour leader is willing to take on the objections of existing homeowners to get more people onto the property ladder.Starmer told the British Chambers of Commerce annual conference on Wednesday that he believed prices should come down to make homes more affordable as he accused the Conservatives of killing the d
  
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• 8 freebies you can claim if you qualify for PIP - it could be worth thousands

  17-05-2023 12:59 via express.co.uk
  
  Benefits like PIP are a gateway to other financial help in the form of 'freebie benefits' from the Department for Work and Pensions .‌
  
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• How you could become a millionaire in retirement without ‘lifting a finger’

  17-05-2023 12:37 via express.co.uk
  
  The public is being urged to start saving as early as possible to have any hope of becoming a millionaire once they retire.
  
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• Dave Ramsey explains how man, 53, with £24,000 and no savings can get by in retirement

  17-05-2023 11:34 via express.co.uk
  
  Dave Ramsey has urged a man to not panic despite owing $30,000 to the IRS .
  
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• NatWest to help farmers with £6.7bn as report reveals long term food security risks

  17-05-2023 11:18 via express.co.uk
  
  The UK must prioritise food security in the agricultural sector if it is to avoid continued shortages and production issues in the long term, a new report from NatWest Bank warns as the bank commits to £6.7 billion of lending to farmers.
  
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• Bank offers market-leading 5 percent interest rate on fixed savings account

  17-05-2023 10:59 via express.co.uk
  
  Allica Bank is offering the highest returns to savers looking to put away money for at least one year.
  
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• Woman shares how she made £7million at 25 and what you ‘need to know’ to be rich

  17-05-2023 10:38 via express.co.uk
  
  On TikTok, the entrepreneur shared how she lives a millionaire lifestyle having made a fortune while in her 20s.
  
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• Hunt addresses business leaders; Carmaker to meet UK minister to urge Brexit rules overhaul - business live

  17-05-2023 10:20
  
  Stellantis bosses are calling for a renegotiation of Brexit origin rules, saying the UK otherwise risks losing part of the country’s electric vehicle industryStellantis originally raised its concerns about the weak domestic supply chain for electric vehicle manufacturing in a submission to the the business and trade committee.You can view that document in full here. There aren’t sufficient battery production supply chains in the UK or Europe. This this is unlikely to change by 2025 o
  
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• Four in ten bargain-hunting Brits will only make a purchase if they get a good deal

  17-05-2023 10:00 via express.co.uk
  
  Clothing, insurance, and food are the top things Brits are likely to try and bag a bargain for.
  
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• Martin Lewis warns ‘millions’ are missing out on ‘lesser-known’ support to slash bills

  17-05-2023 09:33 via express.co.uk
  
  Up to 5.7 million households are missing out on an average of £160 a year in water bill savings by not claiming a social tariff, Money Saving Expert Martin Lewis told Good Morning Britain viewers.
  
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• 'Cash-stuffing' hack is saving internet users thousands - how does it work?

  17-05-2023 09:29 via express.co.uk
  
  This savings trick is encouraging millions of people on TikTok to put away more of their hard-earned cash.
  
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• Top savings account now pays 7% - see what interest rates you can get today

  17-05-2023 09:25 via express.co.uk
  
  As inflation continues to rage even best buy savings accounts cannot keep up but many now pay between five and seven percent so it pays to shop around.
  
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• Small firms could be entitled to thousands from insurers after Covid payment ruling

  17-05-2023 09:00
  
  In test case, UK financial ombudsman rules dental practice should be paid interest over delayed claim Hundreds of thousands of small businesses that claimed on their insurance during the Covid pandemic but had their payouts delayed could be owed thousands of pounds after a ruling by the UK’s financial ombudsman.In what campaigners say is a key test case, the complaints body has ruled that a dental practice whose claim had been initially declined but later approved should be paid interest b
  
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• Thames Water has failed us for four months after a flood

  17-05-2023 08:00
  
  A burst pipe in our street damaged our flat but we are still waiting for a repair and suffering the effectsFour months ago, a water pipe burst in our street and flooded the bathroom in our lower-ground-floor flat. The damage forced us to move out and we are still waiting for Thames Water and its insurer for a repair. When the burst pipe was discovered, the mains water was not shut off and it was five days before engineers came. By then, water had flooded a large area of the street and leaked thr
  
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• A US company is trying to trademark the shape of its lettuce – but this is just the tip of the iceberg | Arwa Mahdawi

  17-05-2023 08:00
  
  From Rebekah Vardy trademarking ‘Wagatha Christie’ to Drake’s ‘God’s Plan’, we live in a world where absolutely anything can be monetisedHannah Gadsby, a feted, award-winning comedian, has curated an exhibition at the Brooklyn Museum, about Pablo Picasso’s complicated legacy, called It’s Pablo-matic. This has absolutely nothing to do with the subject at hand – which is lettuce. Rather, I am alerting you to the exhibition because it’s pr
  
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• Liz Truss in Taiwan calls for ‘economic Nato’ to challenge China

  17-05-2023 07:15
  
  Former British PM says Taiwan is ‘on the front line of the global battle for freedom’ during trip that China has called a ‘dangerous political show’Free nations must commit themselves to a free Taiwan and must be prepared to back it up with concrete measures, Liz Truss has said in a keynote speech in Taipei, in which she called for an “economic Nato” to tackle Beijing’s growing authoritarianism.The former British prime minister said she had come to show
  
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• Housing crisis drives £1bn-a-year boom in UK self-storage

  17-05-2023 07:00
  
  Revenues rose to £990m last year as people unable to upsize their home opt to pile their possessions elsewhereBritons have packed away enough possessions to fill Buckingham Palace more than 60 times over as the housing crisis, enduring consumerism and a sentimental reluctance to let go of inanimate objects means self-storage is now on the brink of becoming a £1bn-a-year business.Self-storage units are proving cheaper than renting or buying a bigger home and are springing up alongside
  
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• Court rules Theranos founder Elizabeth Holmes must go to prison while she appeals sentence

  17-05-2023 04:23
  
  Holmes, who was charged with defrauding investors in her blood-testing start-up, hoped to stay out of jail while she appealed her convictionTheranos founder Elizabeth Holmes must begin serving her prison sentence while she appeals against her conviction on charges of defrauding investors in her failed blood-testing startup and must jointly pay $452m in restitution to the victims of her crimes, a court in San Francisco has ruled.Holmes, who rose to fame after claiming Theranos’ small machin
  
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• Cryptocurrency trading in UK should be regulated as form of gambling, say MPs

  17-05-2023 01:01
  
  Report says people betting on prices of such assets ‘should be aware that all their money could be lost’UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry.The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report publis
  
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• Bus fares: £2 cap in England extended to end of October

  17-05-2023 01:01
  
  Scheme will then continue for 13 months at £2.50 for a single journey, on back of £500m fundingBus passengers in England will be able to keep travelling for £2 after the government extended funding by another £500m, easing fears about a further decline in local services.The fare cap on most local buses, brought in as a temporary measure last year to boost patronage, will be extended until the end of October and then for another 13 months at £2.50 for a single journe
  
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