Financial news

• ‘Crunch’ vote on CBI’s future is unlikely to be the end of the story | Nils Pratley

  05-06-2023 20:01
  
  Poll is as much about who doesn’t vote as who does, with BCC launch of rival business council potentially a significant moveWe must reserve judgment until the Confederation of British Industry’s extraordinary general meeting on Tuesday has taken place, but it is entirely possible that the supposed “crunch” vote on the organisation’s future will instead deliver a mushy message. The outcome could be confusing and open to interpretation.Why? Well, since several high-pr
  
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• UK banks pull hundreds more home loan deals as fixed mortgage rates rise

  05-06-2023 19:53
  
  Mortgage market turmoil prompts record numbers of people to take out loans of more than 35 yearsHundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage deals are continuing to ratchet upwards, the latest data reveals.The continuing turmoil in the mortgage market is also prompting record numbers of people to take out loans of more than 35 years in an attempt to make their monthly payments more affordable. Continue
  
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• The UK area paying more inheritance tax than both Wales and Northern Ireland

  05-06-2023 18:53 via express.co.uk
  
  Variations in house prices could answer for the sharp contrast between inheritance tax bills across the regions of Great Britain.
  
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• Repair win for car owner after write-off fears – The Crusader

  05-06-2023 17:03 via express.co.uk
  
  Being able to soldier on with a trusted older vehicle is often the most affordable and preferable solution compared to getting a disposal settlement from their insurer.
  
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• Women’s private pensions worth 35% less than men’s in Great Britain

  05-06-2023 16:48
  
  Survey is first major government study into what has been termed ‘the great gender pension chasm’Business live – latest updatesWomen’s private pension pots in Great Britain are typically worth 35% less than those of their male colleagues by the time they reach 55, according to the first major government study into what has been termed “the great gender pension chasm”.Having analysed the data for both sexes between 2018 and 2020, government researchers conclude
  
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• Women face £57,000 pension shortfall - but you could boost pot by thousands

  05-06-2023 16:20 via express.co.uk
  
  The gender pension wealth gap between men and women has hit 35 percent, nearly doubling since 2021, new DWP data shows.
  
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• Terrified you’re making too many pension withdrawals? This simple rule will tell you

  05-06-2023 15:15 via express.co.uk
  
  Millions of Britons face the very real danger of running out of retirement savings in later life because they are withdrawing too much pension too soon.
  
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• Universal Credit misconceptions explained as payment rules change

  05-06-2023 15:12 via express.co.uk
  
  Universal Credit supports millions of people on low incomes providing regular payments to help towards their basic costs.
  
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• NatWest is offering competitive 4.5 percent interest rate on cash ISA

  05-06-2023 14:36 via express.co.uk
  
  NatWest is offering a competitive interest rate for cash ISA savers looking to invest for two years.
  
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• Lloyds Bank and Barclays to close another 63 branches - check if yours is on the list

  05-06-2023 13:25 via express.co.uk
  
  Barclays has announced it will close another 10 branches while Lloyds Bank is to shut 21 Lloyds Bank outlets, 15 Halifax branches and 17 Bank of Scotland outlets.
  
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• Dear Jeremy Hunt, I’d love to get a job. But thanks to your social care crisis, I can’t | Denise Wilkins

  05-06-2023 13:00
  
  I had no other choice but to give up my career to become my mother’s full-time unpaid carer – and there are millions like meThe chancellor, Jeremy Hunt, has been calling for people to get back to work. But there’s one group of people he’s overlooked. Many unpaid family carers like me would love to return to full-time employment. But the failure of successive governments to fix our broken social care system has left us to shoulder caring responsibilities that actively stop
  
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• 'Anxious' Nationwide customer devastated after losing £1,000 in banking app scam

  05-06-2023 12:44 via express.co.uk
  
  Britons are warned it can take less than five minutes for scammers to take one's personal information and defraud them.
  
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• Britain’s best stock turns £1k into incredible £456,000. Should you buy it now?

  05-06-2023 12:01 via express.co.uk
  
  Investing in the shares of individual companies is risky but it can be hugely rewarding if you pick the right stock.
  
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• Dave Ramsey warns woman in £242,000 debt her life will 'crash down' if she doesn’t change

  05-06-2023 11:02 via express.co.uk
  
  Dave Ramsey warned a caller that her life would "come crashing down" if she does not make big changes in her life.
  
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• Mortgages: UK lenders continue to raise rates and pull deals

  05-06-2023 11:00
  
  Record 19% of all loans taken out by first-time buyers in March were for 35 years or longerBusiness live – latest updatesMortgage market misery has stepped up for homebuyers as lenders continue to increase borrowing rates and pull deals, prompting record numbers to take out loans of more than 35 years in an attempt to make monthly payments more affordable.A record 19% of all loans taken out by first-time buyers in March were for terms of 35 years or longer, with more than half taking a loa
  
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• Fury as council clerical error sends residents’ cleaning bills soaring

  05-06-2023 10:00
  
  People living on Brent council’s housing estates were landedwith what they felt was an unaffordable increase in chargesThousands of residents in a London borough have seen cleaning costs for their estates increase up to fivefold in the space of three years.After lobbying by homeowners and tenants, Brent council has been forced into a U-turn following a “clerical error” which saw almost 130 estates run by the local authority being charged too much for cleaning. Continue reading.
  
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• We can’t get a mortgage to help us buy a listed property. Should we find another way?

  05-06-2023 08:00
  
  The seller failed to get conversion warranty but bought retrospective one, while broker suggested secured loan to usQ My husband and I have recently sold our first home in the south-east and now have £300,000 in our bank account. We would like to buy a beautiful property farther north for the agreed price of £380,000. It is a three-bedroom flat that is over two floors in the top half of a Georgian house (it includes an attic conversion) with its own private entrance. However, there a
  
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• Travel insurance: how UK holidaymakers can get the best deal

  05-06-2023 08:00
  
  It is vital to weigh up reducing the upfront cost of a policy against what is covered and any excessThe UK global health insurance card (GHIC) allows holidaymakers to use state healthcare in European countries, so it is invaluable if you fall ill or are injured while abroad. It was introduced to replace the European health insurance card (Ehic) when the UK left the EU. If you still have one, there may be no need to replace it straight away – it will be valid until its expiry date. Continue
  
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• Apple won’t repair my three-year-old MacBook Pro for free

  05-06-2023 08:00
  
  There was a known fault with screens, but the free repair only applies to models produced earlierRecently my three-year-old £1,300 Apple MacBook Pro’s backlight stopped working, rendering the screen completely black and usable. The laptop still works if attached to another screen, so the computer itself is clearly fine.When I took my device into an Apple store, the technician kindly informed me that the problem I am having is a repeated, known one with 13-in MacBook Pro laptops and t
  
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• No point in food price measures without targeting small stores, Which? warns

  05-06-2023 01:01
  
  Consumer group tells chancellor ‘blanket approach’ will not address poor households’ access to affordable foodUK ministers’ efforts to reduce soaring food shopping bills “won’t touch the sides” without measures to make small grocery stores more affordable for low-income households, the chancellor has been warned.Which?, the consumer group, has written to Jeremy Hunt over concerns that a blanket approach to lowering supermarket bills will not address the
  
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