Financial news

• US progressives call for urgent actions after court blocks student debt relief

  30-06-2023 19:52
  
  Democrats emphasize Biden still has power to pursue student loan forgiveness despite the supreme court striking down his planProgressive lawmakers and unions expressed outrage and made calls to action on Friday over the US supreme court ruling striking down Joe Biden’s $430bn student debt forgiveness plan.In a 6-3 decision, the conservative-leaning justices of the court blocked Biden’s attempt to forgive a proportion of 40 million Americans’ student loans. Continue reading...
  
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• Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis

  30-06-2023 17:56
  
  Liv Garfield seeks backing from Labour for reforms as government considers temporary renationalisation of Thames WaterThe chief executive of the water company Severn Trent is seeking backing from industry and the Labour party for British utility firms to be reformed as “social purpose” companies that would stay in private hands but give greater weight to the needs of customers, staff and the environment.Liv Garfield, who has run the FTSE 100 company since 2014, has this week written
  
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• Tesco price cuts for 500 everyday items - here’s how you can save on your weekly shop

  30-06-2023 17:44 via express.co.uk
  
  Tesco has come to the rescue of shoppers grappling with the cost of living crisis by announcing significant price reductions on more than 500 products.
  
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• DWP mistake sees 1,000 people owed 'special payment' - are you eligible?

  30-06-2023 17:29 via express.co.uk
  
  Around 1,000 benefit claimants in the UK could be in for a pleasant surprise as they may be eligible for a "special payment" from the Department for Work and Pensions .
  
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• Ping your heart out: how the UK fell back in love with the microwave

  30-06-2023 17:19
  
  Sales up as people try to save money on energy bills and top chefs extol ease and virtues of microwave cookingFrom the humble baked potato to spicy steamed fish, the microwave oven is having a resurgence as households turn to the ping dinner to help save money on energy bills.Almost one main meal a week is now cooked primarily with a microwave in the UK, according to the market research firm Kantar, which found usage rose 8% compared with last year. Continue reading...
  
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• Labour MPs urge Keir Starmer to commit to nationalising water firms

  30-06-2023 13:31
  
  Exclusive: Thames Water crisis prompts call for rethink on party’s decision to ditch nationalisation policyUK politics live – latest updatesKeir Starmer must consider nationalising water companies, Labour MPs have said, as the potential collapse of Thames Water means taxpayers may end up footing the bill for its debts.Last year the shadow chancellor, Rachel Reeves, ditched the Labour party’s policy to nationalise water, saying: “Within our fiscal rules, to be spending bil
  
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• UK house prices rise unexpectedly in June but annual rate falls

  30-06-2023 09:15
  
  Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming monthsBusiness live – latest updatesUK house prices have defied expectations by growing slightly in June but annual prices fell at the fastest rate since 2009 as soaring mortgage costs took a toll on the market, according to Nationwide building society.The surprise monthly rise of 0.1% reversed a 0.1% fall in May and confounded economist forecasts of a 0.3% fall. It pushed the averag
  
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• Imagine your child calling for money. Except it’s not them – it’s an AI scam | James Wise

  30-06-2023 09:00
  
  Fraudsters are being given more sophisticated ways to trick us into believing they are someone they are notThis year, I was sent a link to a video of myself, passionately explaining why I had invested into a new technology company. In the video I spoke enthusiastically about the great faith I had in the company’s leadership and encouraged others to try the service out. The problem was, I had never met the company nor used its product.It looked and sounded like me, right down to the fading
  
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• UK homes for sale for less than £500,000 – in pictures

  30-06-2023 08:00
  
  From a Grade II-listed cottage in an area of outstanding natural beauty to an end-of-terrace house in a town crowned the happiest place to live in Britain Continue reading...
  
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• Households urged to take meter readings as Ofgem price cap drops

  30-06-2023 08:00
  
  With more expensive rate ending, such a move will avoid energy suppliers making estimationHouseholds have been advised to submit a meter reading to their energy supplier ahead of the price cap change on Saturday to draw a line under usage at the higher rate and avoid having to pay a potentially higher estimated bill.About 27 million homes in England, Scotland and Wales can expect a modest drop in energy costs over the summer after the regulator Ofgem lowered the cap on a typical annual dual-fuel
  
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• Airline passengers in UK being let down by ‘toothless regulation’

  30-06-2023 07:00
  
  Which? calls for stronger legislation, saying no airline has been fined for breaching obligations in 20 yearsAirline passengers in the UK are being let down by toothless regulation, with no airline fined in the last 20 years for breaching obligations, the consumer group Which? has found.It called for urgent legislation to beef up the regulator’s powers, contrasting the lack of action in the UK over unpaid refunds or compensation with fines issued in other countries. Continue reading...
  
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