Financial news

• Bean genie Amelia gets foodies’ pulses racing with Bold legumes revolution

  19-07-2023 20:59 via express.co.uk
  
  Amelia Christie-Miller's start-up brand Bold Bean Co is scaling new heights with a cookbook, a British bean launch and an investment raise.
  
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• What are the UK rules on access to banking and how are disputes settled?

  19-07-2023 20:49
  
  Everyone has a right to a basic account but banks can deny customers additional servicesFull story: Ministers and regulator wade into rowNils Pratley: Farage has a point. Coutts should explain itselfAs the storm over the closure of Nigel Farage’s bank accounts at the private lender Coutts grows, here we look at the UK rules on the right to be banked and how account holders can complain if they feel they have been treated unfairly. Continue reading...
  
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• Nigel Farage has a point. Coutts should explain itself

  19-07-2023 20:46
  
  Bank for wealthy says it wants clients who are ‘disrupters and challengers’, but seems to find some less tolerable without the cashFull story: Ministers and regulator wade into Farage rowExplainer: what are the UK rules on access to banking?Let’s start with where Coutts was within its rights to dump Nigel Farage. The former Ukip leader, according to the memo of the meeting of the “Wealth Reputational Risk Committee”, was about to fall below the qualifying threshold
  
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• Asda’s profit margins at the pump have trebled, MPs told

  19-07-2023 20:30
  
  Competition regulator tells business committee of ‘significant change’ in retailer’s fuel pricingAsda’s profit margins on fuel have tripled since before the pandemic, according to the competition regulator at a bad-tempered parliamentary hearing where the supermarket chain’s co-owner repeatedly refused to explain its pricing strategy.Mohsin Issa declined to answer multiple questions on whether Asda had increased its profit margins on fuel since its takeover in 2021,
  
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• UK housing market forecast to avoid slump despite zero growth in prices

  19-07-2023 19:48
  
  Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyersBritain’s housing market is expected to avoid a slump triggered by rising interest rates, despite a drop in house price inflation to zero in May, according to analysts.The Office for National Statistics said a decline in month-on-month growth from 0.5% in April to 0% in May meant the annual rate of house price inflation dropped to 1.9%. Continue reading...
  
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• Inflation figures ‘excellent news' for mortgages as analysts predict rates have 'peaked'

  19-07-2023 18:26 via express.co.uk
  
  Mortgage interest rates could have already "peaked" following an unexpected drop in inflation in June.
  
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• What does the UK’s falling inflation rate mean for you?

  19-07-2023 16:43
  
  Whether you are working or retired, a homeowner or business owner, here is all you need to know UK inflation falls to 7.9%Which goods and services have risen most in price?Analysis: Rishi Sunak’s targets no longer seem so hard to hitThe UK inflation rate fell back to 7.9% in June. That meant it was lower than economists expected, but it was the 23rd month running that the main consumer prices index (CPI) has overshot the Bank of England’s 2% target. Although down from its recent peak
  
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• Savers urged to ‘move quickly’ as fixed rates soar - top savings deals today

  19-07-2023 16:24 via express.co.uk
  
  Savings interest rates have improved "across the spectrum", with some accounts offering up to 6.44 percent.
  
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• Two-child cap affects almost 200,000 families living in Labour-run areas

  19-07-2023 16:01
  
  Exclusive: Party holds power in seven of 10 local authorities worst hit by controversial benefit limitAlmost 200,000 families living in Labour-run councils are affected by the two-child benefit cap, a Guardian analysis has revealed, with the party holding power in seven of the 10 local authorities worst hit by the policy.Government data released last week shows that the four councils with the largest number of families where at least one child does not receive financial support due to the cap &n
  
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• POLL: What should replace the BBC licence fee?

  19-07-2023 15:12 via express.co.uk
  
  The BBC is required to have a new funding model agreed by 2028, but what do you think should replace the current licence fee? Vote and join in the debate below.
  
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• Santander boosts rates on savings accounts and renames products - full list of changes

  19-07-2023 15:10 via express.co.uk
  
  Santander is increasing rates on a range of accounts by between 0.15 percent and 0.5 percent.
  
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• Big banks rake in £300m charging holidaymakers transaction fees on debit cards overseas

  19-07-2023 15:04 via express.co.uk
  
  Some banks are charging holidaymakers up to 2.99 percent on overseas transactions.
  
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• Big change to child benefit could help thousands of parents avoid HMRC fines

  19-07-2023 14:31
  
  People earning more than £50,000 a year and their partners will not need to fill in self-assessment tax formThousands of parents could be freed from the chore of having to fill in a self-assessment tax form after the government announced changes to a tax charge that affects higher earners.Ministers have said that in future, those in work who are affected by the “high income child benefit charge” – which affects people earning more than £50,000 a year and their partn
  
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• Thousands shaved off property prices as mortgage broker predicts further falls

  19-07-2023 14:16 via express.co.uk
  
  The average UK house price fell by 0.4 percent in May 2023, offering some hope for those looking to get on the property ladder.
  
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• 'If all adults get £75 a week, NHS would save billions and child poverty reduced’ - study

  19-07-2023 14:16 via express.co.uk
  
  Giving every adult £75 a week could save the NHS billions and help reduce child poverty a study has found.
  
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• Europe heatwave: what should you do about travel plans across the continent?

  19-07-2023 11:00
  
  Sweltering temperatures and wildfires are leaving holidaymakers on edge – and insurers won’t pay out for every scenarioAs temperatures in southern Europe remain high, many holidaymakers due to fly out soon will be wondering whether they still want to travel. Here we look at what rights you have in these situations. Continue reading...
  
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• ‘I converted my garden shed into an affordable tiny home for only £12,000’

  19-07-2023 10:35 via express.co.uk
  
  TikTok content creators are documenting their new tiny homes, which are considered a new and more affordable way of living.
  
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• 'We're winning!' Today's inflation dip was good news - next month will be even better

  19-07-2023 10:27 via express.co.uk
  
  This morning's large drop in consumer price inflation is the first decent piece of news we've had in some time, and we should enjoy it. Plus there's more to come.
  
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• UK inflation rate falls by more than expected to 7.9%

  19-07-2023 08:01
  
  CPI rate back on downward path after unexpectedly sticking at 8.7% in MayBusiness live updates – latest newsUK inflation fell by more than expected in June to 7.9%, official figures show, as the Bank of England considers raising interest rates for a 14th consecutive time.The Office for National Statistics said the annual inflation rate as measured by the consumer prices index resumed a downward path after unexpectedly sticking at 8.7% in May. The drop exceeded City forecasts for a decline
  
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• Barclays cut my expat mother off from vital care home funds

  19-07-2023 08:00
  
  She is living with dementia and found the bank’s demand for a signed letter very stressfulI hold lasting power of attorney (LPA) and manage the finances for my 85-year-old mother, who lives with dementia in a Spanish care home. For the last seven months we have been unable to access her money to pay her care home fees, because Barclays has suspended her account.I became aware of this last December after receiving an error message when trying to log on. When I rang I was told the account wa
  
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• No, Rishi Sunak, ‘rip-off’ degree courses aren’t the problem – failed education policy is | William Davies

  19-07-2023 07:00
  
  Should anyone need yet more proof that higher education is an area not best left to the market, this absurd ‘crackdown’ is itThe UK has some of the world’s leading toll bridges. But a minority of toll bridges fail to deliver good outcomes for their drivers. Figures show that nearly three in 10 drivers have still not reached their destination within an hour of crossing a toll bridge. The government will crack down on these rip-off toll bridges, reducing the number of drivers the
  
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• From the archive: Tampon wars: the battle to overthrow the Tampax empire – podcast

  19-07-2023 06:00
  
  We are raiding the Guardian Long Read archives to bring you some classic pieces from years past, with new introductions from the authorsThis week, from 2020: For decades, one company has ruled the world of tampons. But a new wave of brands has emerged, selling themselves as more ethical, more feminist and more ecological Continue reading...
  
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