Financial news

• Why electric cars win in the long run | Brief letters

  04-06-2023 17:31
  
  Electric v petrol | Boarding school bites | Sewage shares | Miliband militancy | Damp spiritsRowan Atkinson’s article misses the point (I love electric vehicles – and was an early adopter. But increasingly I feel duped, 3 June). While it is true that the manufacturing of an electric car produces twice the greenhouse gases of a petrol car, when you take the whole 20-year lifecycle into account, the electric car is a winner: it produces less than half the greenhouse gases of a petrol c
  
  Read more

• Thames Water accused of ‘flimsy PR stunt’ over bonus as boss’s pay swells

  04-06-2023 17:00
  
  Sarah Bentley lands £1.5m package despite saying she would shun bonus amid criticism of water companiesThames Water has been accused of conducting a “flimsy PR stunt” as it prepares to report that its chief executive has landed nearly double her annual salary with a £1.5m pay package – after announcing that she would shun her bonus amid intense criticism of Britain’s water companies.Sarah Bentley said last month that she and the firm’s finance chief, Ala
  
  Read more

• Holiday lets nearly negate supply of new homes in tourist areas, study shows

  04-06-2023 16:58
  
  Campaigners say second homes and holiday lets are taking homes away from residents in hotspots such as Devon and CumbriaThe supply of new homes in some tourist hotspots is being almost completely negated by the rise of second homes and holiday lets, analysis has revealed.In the Copeland area of the Lake District, which includes the beauty spot of Scafell Pike, there were 426 new homes created in the last three years. Over the same period, 407 existing homes were converted to commercial holiday l
  
  Read more

• Universal basic income of £1,600 a month to be trialled in two places in England

  04-06-2023 15:57
  
  Scheme to run for two years and participants will be monitored to see what effect it has on mental and physical healthA universal basic income of £1,600 a month is to be trialled in England for the first time in a pilot programme.Thirty people will be paid a lump sum without conditions each month for two years and will be observed to understand the effects on their lives. Continue reading...
  
  Read more

• Advertisement

• I moved from the city to the suburbs – and I can’t believe my luck | Emma Beddington

  04-06-2023 15:00
  
  A new study says you are more likely to become depressed living in the suburbs than in the city. For me, though, it’s living the dreamI moved to the suburbs in the spring of 2021, a classic post-lockdown move. My husband and I had been hot-desking between the bedroom and the kitchen table and we were all far too emotionally involved with the rat that frequented our bird feeder. I had wanted to move before Covid: the bed shook when buses went past, and the frequent drunken meltdowns on our
  
  Read more

• Manchester University students face expulsion over rent strike protest

  04-06-2023 13:33
  
  University taking disciplinary action against 11 students who occupied buildings during demonstrationsA group of Manchester University students face expulsion over a rent strike that saw more than 350 collectively withhold more than £2m.The university is taking action against 11 of its students in a bitter row over rising rents and what some students claim is a failure to provide adequate financial support to those who are struggling during the cost of living crisis. Continue reading...
  
  Read more

• UK property market lacks spring bounce but a crash is unlikely | Larry Elliott

  04-06-2023 12:03
  
  It’s reasonable to expect a fall in nominal house prices of at least 10%. That’s a chunky fall – and a welcome oneApril is supposed to herald the start of a British ritual: the house-buying season. Traditionally, it is the time when demand for homes picks up and the property supplements in the weekend papers are full of suggestions for sellers bidding to attract the interest of buyers.But not this year. According to the latest bulletin from the Bank of England, repayments on ex
  
  Read more

• Disabled children disproportionately affected by UK cost of living crisis

  04-06-2023 12:00
  
  Families who have extra costs because of a child’s disability are going without electricity or heatingDisabled children are being forced to go without electricity or heating because their families are being disproportionately harmed by the cost-of-living crisis, according to research by a children’s charity.The Childhood Trust said that the rising cost of energy bills and other inflation was affecting the families of children with special educational needs and disabilities (Send) eve
  
  Read more

• Advertisement

• ‘Fake bailiffs’ from private security companies carry out illegal evictions

  04-06-2023 09:00
  
  Criminal landlords are using uniformed security guards to force out tenants, says the charity Safer RentingVulnerable families are being tricked out of their rented homes by private security guards dressed like court bailiffs, a charity has warned.Safer Renting, a charity-run tenancy relations service operating in seven London boroughs, said criminal landlords were increasingly turning to private security companies to get tenants to leave their homes without a court order. Continue reading...
  
  Read more

• Savings alert as low income Britons could get a £1,200 cash boost with ‘unknown scheme’

  04-06-2023 08:01 via express.co.uk
  
  Savers are urged to sign up for the Help to Save scheme as it has been extended until 2025.
  
  Read more

• Record number of young in the UK ‘at risk of exploitation’ this summer

  04-06-2023 08:00
  
  Barnardo’s fears the cost of living crisis will leave families unable to afford holiday activities, leaving children prey to sexual predators online and criminal gangs on the streetA record number of children are at risk of sexual and criminal exploitation this summer as the cost of living crisis leaves the majority of families unable to afford activities over the holidays.The UK’s largest children’s charity, Barnardo’s, issued the warning after polling revealed six in 10
  
  Read more

• The money habits wealthy people follow that can help ‘anyone’ bolster their savings

  04-06-2023 05:01 via express.co.uk
  
  From investments and savings to mortgage overpayments, finance experts have provided some handy tips to help people better protect their money.
  
  Read more

• Britons could boost retirement pot by £25,000 in just five years with their ISA

  04-06-2023 05:01 via express.co.uk
  
  EXCLUSIVE: Investing £69 a month over a 20-year period could generate potential returns worth over £25,000, new research shows.
  
  Read more

• Prepayment meter bills to drop 18.4 percent with average bills to drop by £450

  04-06-2023 05:00 via express.co.uk
  
  The fall in the Ofgem price cap is good news but not all Britons will see their bills drop straight away, an expert has told Express.co.uk in an exclusive interview.
  
  Read more

• The CBI’s boss must battle not just its culture, but the competition too

  04-06-2023 01:05
  
  Rain Newton-Smith hopes to reanimate the scandal-plagued British lobby group this week: but is it still even a necessary voice?The CBI’s new boss, Rain Newton-Smith, faces a make-or-break moment on Tuesday, as the scandal-hit lobbying group’s members meet to decide its fate.She published a 30-page recovery plan last week, promising “a renewed CBI,” as she battles to bring the confederation back from the brink of extinction. Its 300 staff were warned last week that would m
  
  Read more

Follow @financialnwsUK on Twitter!