Financial news

• United canceled flights for thousands of passengers while the CEO took a private plane

  01-07-2023 22:52
  
  Scott Kirby apologized but blamed the disruptions last weekend on a shortage of FAA air traffic controllersUnited Airlines CEO Scott Kirby apologized Friday for hopping on a private plane to get out of the New York area earlier this week while thousands of United passengers were stranded because the airline canceled so many flights.“Taking a private jet was the wrong decision because it was insensitive to our customers who were waiting to get home,” Kirby said in a statement issued b
  
  Read more

• Football clubs were born to represent communities and fans, not owners | Jonathan Wilson

  01-07-2023 21:00
  
  As multi-club ownership shows, the game, especially in England, has lost sight of the notion of football as a civic goodWhat is a football club? It’s one of those questions that seem simple but turn out to be extremely difficult to give an answer to. Not all clubs are the same, and not all people will view a club in the same way, but – and this is perhaps especially true in an age in which it’s becoming more common for a single entity to own multiple clubs – it’s pr
  
  Read more

• Mum calls on airlines to take more care after easyJet loses son’s wheelchair

  01-07-2023 20:11
  
  Gillian Cloke says she wants to see dedicated space for mobility aids on planes after holiday in Paris partly ‘wrecked’ The mother of a disabled teenager whose holiday was partly “wrecked” after easyJet lost his wheelchair on a flight to Paris has called on airlines to take more care when transporting essential mobility aids.Gillian Cloke spent hours of the holiday phoning easyJet and seven local wheelchair hire companies after the airline lost her 17-year-old son Michael
  
  Read more

• Exclusive: UK water giants recruit top staff from regulator Ofwat

  01-07-2023 19:59
  
  Demands for an end to the ‘revolving door’ as ex-Ofwat directors are hired by key firmsTwo-thirds of England’s biggest water companies employ key executives who had previously worked at the watchdog tasked with regulating them, the Observer can reveal.Cathryn Ross, the new interim joint chief executive of Thames Water and a former head of watchdog Ofwat, is one of several ex-employees working for water companies in senior roles such as strategy, regulation and infrastructure. C
  
  Read more

• Advertisement

• Best of frenemies: can George Osborne and Ed Balls’s blokey bantz erase austerity’s scars? | Andrew Anthony

  01-07-2023 19:18
  
  The former adversaries are launching an economics podcast. Somehow I doubt there will be a reckoning with the pastWhat should senior politicians do after politics? Disappear into obscurity, earn enormous sums of money on the speech circuit or by lobbying for dodgy high-finance outfits, or start a buddyish podcast? The last example has been notably set by the former cabinet minister Rory Stewart and Labour’s one-time director of communications Alastair Campbell with their highly successful
  
  Read more

• If there’s such a thing as an inflation quota, has Britain already exceeded it? | Phillip Inman

  01-07-2023 18:00
  
  According to some theorists, the UK will have to keep prices flat for the next seven years to make up for the last three. Really?What if the UK has used up all its inflation allowance for the whole decade?This question assumes there is an optimum level of inflation – a 2% average – and that the UK has already used its entire allocation for the 2020s. Continue reading...
  
  Read more

• Minister orders halt to Cambridgeshire council’s four-day week trial

  01-07-2023 17:49
  
  Local government minister Lee Rowley says he has concerns about value for money for taxpayersA minister has ordered a Cambridgeshire council to end its “experiment” with a four-day working week.South Cambridgeshire district council had announced plans to extend its trial until next April but it has been overruled. Continue reading...
  
  Read more

• Haggle, slash and switch: five ways to cut household bills as UK prices soar

  01-07-2023 17:31
  
  Struggling to make ends meet? Here’s how you can negotiate and sleuth your way to lower utilities, insurance and smartphone costs• Rip-off Britain: why everything we buy now costs a fortuneYou don’t need to accept the price quoted. If there are other providers on the market you can switch to, you’re in a good position to negotiate a better deal. This includes, for example, car and home insurance, mobile phone and broadband, TV packages and breakdown cover. You can haggle o
  
  Read more

• Advertisement

• ‘It’s exhausting but I think I’m going to have to keep working’: the over-65s who can’t afford to retire

  01-07-2023 17:00
  
  Many of those who have left the workplace are being forced to return by the cost of living crisis to bolster their financesDee, 67, who lives in Accrington in Lancashire, left school at 14. She worked in factories, hairdressing shops and bars, and did secretarial temp work all over the country before she took a job at HM Revenue and Customs, where she worked full-time for 23 years.Last year, in May, she began her retirement, but after only a few weeks she realised that she could not afford it be
  
  Read more

• Chatbots are social media on steroids – trapping us in an even more tangled web | John Naughton

  01-07-2023 17:00
  
  Big tech now has even more to answer for. But salvation could come from an unlikely source In The Beginning Was The Internet, which was first switched on in January 1983 and designed from the outset as a platform for what became known as “permissionless innovation”. If you had a good idea that could be implemented using the network – and were smart enough to write the software to make it work – then the internet would do it for you, no questions asked.In the early 1990s,
  
  Read more

• As HSBC quits and hybrid working stays, is this the end for Canary Wharf?

  01-07-2023 17:00
  
  The bank will leave London’s Docklands in 2027, and others will follow as need for office space reduces and staff seek better work environmentsJust over 20 years ago, HSBC moved into its new headquarters in the former docklands area of Canary Wharf in London, a silvery tower designed by the leading architects Foster + Partners that was then the second tallest in Britain. It was a financial factory for 8,500 workers, built with precisely the dimensions and the regularity, as well as what wa
  
  Read more

• Rip-off Britain: why everything we buy now costs a fortune

  01-07-2023 16:34
  
  As the cost of living crisis bites, consumers are asking how so many businesses have maintained or raised their profits• Haggle, slash and switch: five ways to cut household bills as UK prices soarDavid Cameron was famously asked the price of bread a decade ago and struggled to answer, saying instead he used an electric breadmaker. The answer was around 47p.Then, the Tories were struggling to deal with a cost of living crisis and were accused of being out of touch. Now, here we are again a
  
  Read more

• ‘Unbelievable’: E.ON’s rogue legal action ruins family’s finances

  01-07-2023 11:00
  
  An error by the energy supplier resulted in a reader being unable to switch mortgage or use an overdraftIf you think you’ve had a bad experience with your energy supplier, spare a thought for Helen Kane*. Because of E.ON, the 43-year-old has a county court judgment (CCJ) on her credit file, which means she is unable to switch lenders, adding an extra £2,400 a year to her mortgage payments.Last week her bank cancelled her overdraft without warning, and she is facing a £2,000-plu
  
  Read more

• Bank of England adviser warns triple lock must change - ‘it can’t last much longer’

  01-07-2023 10:00 via express.co.uk
  
  The Bank of England adviser said the state pension triple lock policy does not fairly reflect the needs of state pensioners and suggested some alternatives to how the state pension increase could be determined.
  
  Read more

• Ford Money boosts interest on four savings accounts with rates up to 4.85 percent

  01-07-2023 09:01 via express.co.uk
  
  Ford Money savers can benefit from increased interest rates on three fixed term ISAs, as well as its Flexible Saver.
  
  Read more

• Pensioners with arthritis or joint pain may get an extra £407 a month - can you claim?

  01-07-2023 08:01 via express.co.uk
  
  Britons are being urged to check whether they're claiming all of the financial support they may be eligible for as many may be missing out on hundreds each month.
  
  Read more

• Energy bills: how a visit from a ‘green doctor’ can help Britons save

  01-07-2023 08:00
  
  The Groundwork charity gives free advice to households struggling with costs“It’s crucifying me to top up,” says Ralph Breach, 61, as he sits on the sofa in his basement flat in Cliftonville, Margate. “I just seem to be forever going to the shop to put the electric on. I seem to be digging myself into a hole. Anything is worth a try.”That “anything” is an appointment with Green Doctor, a free advice service aimed at vulnerable households struggling with
  
  Read more

• Direct Line ordered to review five years of car claims after underpayments

  01-07-2023 08:00
  
  Insurer told to reassess vehicle write-offs to identify any unfair settlementsBritain’s second-biggest car insurer, Direct Line, has been ordered to go back through five years of claims after admitting it had underpaid some customers who had their cars and vans written off.After an investigation into the car insurance market that began in December 2022, the Financial Conduct Authority (FCA), this week ordered Direct Line to conduct a review of claims where vehicles had been written off &ld
  
  Read more

• Councils in England hit by ‘unsustainable’ £450m bill for free bus passes

  01-07-2023 08:00
  
  LGA says services being put at risk by huge cost and calls way Whitehall funds scheme not fit for purposeCouncils in England are being hit by a “completely unsustainable” annual bill of more than £450m to prop up the free bus pass scheme, according to an analysis.The Local Government Association (LGA), which calculated the figure, said the enormous cost was putting services at risk. Continue reading...
  
  Read more

• Lowered Ofgem price cap will still leave a quarter in fuel poverty, says group

  01-07-2023 07:00
  
  Campaigners say many households may miss out on state help after closure of energy price guaranteeOfgem’s energy price cap cut: how the changes affect youMore than a quarter of households in Great Britain will remain in fuel poverty even though the regulator Ofgem has lowered the price cap for domestic energy, campaigners have warned.The cap, which limits what suppliers can charge per unit of gas and electricity, falls from Saturday 1 July to the equivalent of £2,074 a year for the u
  
  Read more

• From Airbnb to Xbox: brand Barbie goes for big bucks with 100 partnerships

  01-07-2023 07:00
  
  The maker of the Barbie doll, Mattel, is hoping to launch a franchise of films on the back of an overwhelming mass of merchandiseWhen Margot Robbie first read the script for the Barbie film, which she stars in and co-produced, her first thought was: “They’re never going to let us make this movie.”Mattel, the doll’s manufacturer, had jealously guarded her image for more than 60 years. It would never agree to a movie that not only riffed on Barbie’s sometimes controve
  
  Read more

• Britons embracing cashless living explain how they took the leap — 'best thing I ever did'

  01-07-2023 06:00 via express.co.uk
  
  Britons have shared their experiences of becoming cashless, with one pensioner describing the move as the "best thing I ever did".
  
  Read more

• Pensioners struggling to pay energy bills discover they can get £16,086 annual boost

  01-07-2023 05:01 via express.co.uk
  
  Every year, millions of people lose out on billions of pounds in grants, benefits and financial support.
  
  Read more

• ‘I make extra £400 a month from home - my side hustle is where the money is'

  01-07-2023 05:01 via express.co.uk
  
  EXCLUSIVE: Georgia Hughes said it would be "make or break" some months without her clothes renting side hustle.
  
  Read more

• How to structure pensions when approaching retirement amid ‘volatile’ investment market

  01-07-2023 05:00 via express.co.uk
  
  People who will soon be retiring must take ‘critical' action to make sure they understand how their investments work, an expert has told Express.co.uk in an exclusive interview.
  
  Read more

• How to find your NS&I number if you lose it and want to check your Premium Bonds

  01-07-2023 05:00 via express.co.uk
  
  A person will need their NS&I number and password to log into their account or when they call the Government-backed savings provider to discuss an issue.
  
  Read more

Follow @financialnwsUK on Twitter!