Financial news

• End to universal credit’s Covid top-up is fuelling rise in poverty, warns IFS

  09-07-2023 12:41
  
  Pandemic’s £20 benefit uplift led to sharp fall in households living in poverty but replacement is far less effectiveThe scrapping of the government’s £20-a-week pandemic boost to universal credit has set back the fight against poverty and led to an increase in the number of families struggling on low incomes, a leading thinktank will reveal this week.Research by the Institute for Fiscal Studies seen by the Guardian shows that the emergency programme of universal credit (
  
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• From car insurance to tolls: what Britons need to know before driving to mainland Europe

  09-07-2023 11:00
  
  Do you need breakdown cover and which firms are offering the best deals?Before you start packing up the car to drive to mainland Europe, there are a couple of things to consider – namely insurance, breakdown cover, and how you will pay for any tolls.All UK car insurance policies automatically give third-party cover while in EU countries, plus a few others, including Switzerland. However, most people will want to take their comprehensive cover with them, meaning they may need to talk to the
  
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• Cheers! Pubs and shops enjoy summer boost despite inflation

  09-07-2023 10:59 via express.co.uk
  
  Jeremy Hunt to make a speech at London's Mansion House to set out his vision for growth and defeat inflation.
  
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• Pension and Isa crash alert as just seven 'overhyped' AI stocks prop up entire market

  09-07-2023 10:10 via express.co.uk
  
  2023 is turning out to be another tough year for pension and stocks and shares Isa investors. Just seven big US companies are holding up the entire stock market, and they look dangerously overhyped.
  
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• How one man's 'side hustle' has made him $30,000

  09-07-2023 10:01 via express.co.uk
  
  One man's side hustle has transformed his life and become a $30,000 second career.
  
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• Side hustles 'should no longer be just an option' as Britons make an extra £24,000 a year

  09-07-2023 08:00 via express.co.uk
  
  There are five side hustles that could earn up to £1,000 and over each month which people could use to supplement their income.
  
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• ‘It’s like a hostile environment’: London’s creative core at risk as artists in poverty quit

  09-07-2023 07:00
  
  UK capital as ‘huge generator of wealth’ under threat as a third of visual artists struggle to pay for studiosWhat makes Britain’s capital city so magnetic? Familiar landmarks? The nightlife? Or its financial, fashion and art trades? Maybe. But behind the glamour and money a network of artists is giving London the crucial appeal of a place where new things happen, while working on the edge of poverty.A survey released on 13 July is to reveal just how close many of London’
  
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• Dragons' Den pitchers turned down £90,000 - then went on to make £19million in sales

  09-07-2023 07:00 via express.co.uk
  
  The Dragons' Den cast "really loved" the product but the entrepreneurs ended up rejecting the offers which had been made.
  
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• Man who saves £200 each month explains how he gets £50 bonus every time

  09-07-2023 05:00 via express.co.uk
  
  The man gets a 25 percent boost on his savings thanks to putting the cash into a Lifetime ISA.
  
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• Nuclear option to the fore as Tories prepare to unveil roadmap to net zero

  09-07-2023 01:05
  
  Energy security secretary Grant Shapps will this week outline plans for Britain’s atomic power’s renaissance and 2050 emissions commitmentIn London’s Science Museum sit full-size turbine engines that tell the story of 300 years of steam power. This week, the museum will play host to the government’s dreams for a new industrial renaissance – this time for nuclear energy.The secretary of state for energy security and net zero, Grant Shapps, has chosen the venue to set
  
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• Jeremy Hunt to unveil pension fund deal aimed at helping fast-growing firms

  09-07-2023 01:01
  
  Chancellor expected to reveal ‘compact’ agreement with some of UK’s largest investment firms in Mansion House speechThe chancellor, Jeremy Hunt, will reveal plans to release billions of pounds from British pensions to help fund fast-growing companies, as part of wider government efforts to boost growth and attract more business to the UK.Hunt is expected to tell an audience of City leaders and chief executives on Monday that the government has reached a so-called “compact
  
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