Financial news

• British Gas offers energy debt grants as 820,000 homes face bills hike

  12-06-2023 17:03 via express.co.uk
  
  British Gas provides grants to Britons struggling to pay their energy bills and there is no need to be a customer to apply.
  
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• Households missing out on £1,000 a year in Pension Credit are urged to check

  12-06-2023 16:01 via express.co.uk
  
  One in three older homeowners eligible for Pension Credit but not claiming it are missing out on more than £1,000 a year.
  
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• The ‘work hard and you’ll get a good job’ mantra is no longer true – so what do I tell my kids? | Gillian Harvey

  12-06-2023 16:00
  
  How do we prepare young people for an uncertain future, when steady jobs are no more and they’ve seen their parents burn out?When I was a child, back in the relatively halcyon days of the 1990s, I had my fair share of angst – friendship problems, homework, sibling rivalry and appalling fashion sense. But one thing remained clear and stable: the advice I was given on how to achieve the best possible life.In those pre-digital days, this was imparted by a few trusted adults: teachers, r
  
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• Bank launches new savings account with market-leading 5.4% interest rate

  12-06-2023 15:24 via express.co.uk
  
  Recognise Bank is offering the most competitive rate for savers hoping to put money away for up to three years.
  
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• EasyJet cancels more than 100 Gatwick flights due to thunderstorms

  12-06-2023 15:03
  
  About 15,000 passengers affected by Sunday cancellations and knock-on effects on MondayThousands of easyJet passengers flying to and from Gatwick have had their flights cancelled due to storms in the last 24 hours.More than 54 of the budget carrier’s flights scheduled for Sunday evening did not operate due to what the airport described as “intense thunderstorms” in the area after the weekend heat. Continue reading...
  
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• HMRC announces 'major extension' to allow more people to boost state pension

  12-06-2023 14:44 via express.co.uk
  
  People can currently top up their National Insurance contributions over an extended period to increase their state pension payments.
  
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• Can you retire with £160,000? Top five cheapest places to retire for pensioner expats

  12-06-2023 14:11 via express.co.uk
  
  Britons wanting a "comfortable" retirement in the UK will need around £800,000 in their pensions, however retiring abroad could offer pensioners the same luxuries at a fraction of the price.
  
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• UK mortgage turmoil: Santander pulls new borrower deals as NatWest hikes rates

  12-06-2023 13:44
  
  Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed ratesSantander has become the latest major bank to temporarily pull its mortgage deals for new borrowers from sale, amid a fresh warning that further interest rate hikes may be needed to tackle inflation.Days after HSBC temporarily pulled down the shutters, Santander said it would stop accepting new applications for its “new business” residential and buy-to-let fixed and tracker rates a
  
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• 'We sold our three-bedroom semi for £400,000 and bought a whole French village instead'

  12-06-2023 13:23 via express.co.uk
  
  The couple said they now live "like millionaires" and have no plans to return to the UK
  
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• 'I was paying £230 a month now I pay £45': Man shares 'invaluable' tool to help cut bills

  12-06-2023 11:45 via express.co.uk
  
  As the cost of living continues to squeeze households, there may be ways to cut back on day-to-day spending.
  
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• Take back control of your retirement savings with a self-invested personal pension

  12-06-2023 10:54 via express.co.uk
  
  Many of us never feel in full control of our pensions, which are spread across a range of different company and personal schemes. This makes them hard to monitor and easy to mislay or forget. Something called a SIPP could transform that.
  
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• Extra time to grab £55k state pension booster as deadline extended - but don't waste it

  12-06-2023 10:04 via express.co.uk
  
  HMRC helplines have been getting jammed all over again as Britons race to take advantage of a once-in-a-lifetime opportunity to boost their state pension by as much as £55,000.
  
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• Older people hired as ‘money mules’ by gangs as cost of living crisis bites

  12-06-2023 10:00
  
  More people in their 50s and 60s are being recruited to allow their bank accounts to be used in scamsA growing number of people aged in their 50s and 60s are allowing their bank accounts to be used to move money illegally.Fraud experts say that among the increasing number being recruited as “money mules” – those who allow their bank details to be used to transfer criminals’ cash – are older account holders, as well as business owners who use company bank accounts. C
  
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• ‘This is just ruinous’: the Britons unable to afford their homes

  12-06-2023 08:00
  
  Millions are finding themselves priced out of renting and buying amid high inflation and mortgage ratesOut of reach? The tool that shows where you can afford to buy or rent in Great BritainThe cost of living crisis, spiralling mortgage rates and soaring rents have exacerbated property shortages in Britain to the extent that housing is now unaffordable in vast parts of the country for the typical earner.With the average British home now costing about nine times the mid-range income and average mo
  
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• Stranded at the airport after Goldcar refused our paper UK driving licences

  12-06-2023 08:00
  
  Hire car firm refused to honour a prepaid booking and rival firms had no spare vehiclesI was recently left stranded at Toulouse airport with my wife in tears after Goldcar refused to honour our prepaid booking because her paper driving licence was “not a valid document”.We have never had this problem before, and other firms based there, including Hertz, Budget, Alamo and Enterprise, all said they would accept it but had no cars available to hire. Continue reading...
  
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• Find out where you can afford to buy or rent in Great Britain

  12-06-2023 08:00
  
  In nearly half of postcode districts the typical household cannot afford to buy a home, while in others a sustainable rent is also out of reach. Use the map below to see where is affordable for you‘This is just ruinous’: the Britons unable to afford their homesMillions of Britons are living in areas where they are either unable to afford a mid-priced property, face a disproportionately high rent, or both, a Guardian analysis reveals.The analysis, which is explained fully further down
  
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• Martin Lewis urges Britons to check for state pension boost now as DWP announces new trial

  12-06-2023 01:01 via express.co.uk
  
  Nearly 1.4 million pensioners in Britain receive Pension Credit, but many more could be eligible and still aren't claiming it.
  
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