Financial news

• New triple lock threat: Labour 'untrustworthy' when it comes to protecting pensions

  27-07-2023 23:17 via express.co.uk
  
  EXCLUSIVE: Labour refuses to commit to keeping the pension protection in place if it wins power until it knows the state of the finances it will inherit.
  
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• ‘I found an iPad at a charity shop for £15 but it costs £156 - it’s a steal!’

  27-07-2023 20:38 via express.co.uk
  
  Content creators are documenting their thrifting experiences at Goodwill with some finding products which retail for hundreds of dollars.
  
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• Republicans shelve Zuckerberg contempt vote in ‘censorship’ inquiry ‘for now’

  27-07-2023 20:17
  
  House panel was to consider resolution on Meta chief for allegedly failing to turn over internal documents to investigatorsMark Zuckerberg, the chief executive of Meta, is no stranger to Capitol Hill, where he has sparred with Republicans and Democrats over how he runs his platforms. A Republican-led panel was set to vote on Thursday on a resolution to hold him in contempt of Congress, for allegedly failing to turn over internal documents on content moderation.However, House judiciary committee
  
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• Was Alison Rose held to a higher standard because she is a woman?

  27-07-2023 19:37
  
  Other bank bosses have faced more serious accusations without suffering the same level of political backlashWatching the spectacle that has played out over the past fortnight over Nigel Farage and his Coutts bank accounts, which resulted in the forced exit of one of the UK’s most high-profile and effective corporate leaders, two questions strike me: has the response been proportionate, and if not, why not?Alison Rose, who resigned on Wednesday as chief executive of NatWest Group, which own
  
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• Side hustle expert shares ‘stupid easy’ way to make £700 in three hours

  27-07-2023 19:29 via express.co.uk
  
  Content creators on TikTok are revealing the best side hustles ideal for those looking to make fast cash.
  
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• British Gas profits bonanza tells you energy price cap has failed | Nils Pratley

  27-07-2023 18:45
  
  Complaints should be directed at Ofgem and then government, as only it can make necessary reformsOutraged by the 889% increase in profits at British Gas? It’s an entirely reasonable view: an operating profit of £969m is one hell of a sum in a six-month period for a regulated business supplying the commodity products of gas and electricity.But complaints, in the first instance, should be directed towards the regulator Ofgem. The bonanza at British Gas is intended. Not to the precise m
  
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• One in three parents of under-fives struggling to afford childcare in England

  27-07-2023 18:36
  
  Government survey finds highest proportion since 2014 find it ‘difficult or very difficult’ to afford childcareA third of parents with young children in England say they are struggling to afford childcare, the highest number in almost a decade, according to a government survey.One in three of those with children aged four or younger who responded to the survey carried out by Ipsos on behalf of the Department for Education said they struggled to meet childcare costs in 2022. Continue
  
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• EU opens antitrust inquiry into Microsoft’s Teams software

  27-07-2023 17:45
  
  European Commission says bundling of app with other products may be anticompetitiveIt became one of the hits of remote working during the pandemic, but now the EU has launched an antitrust investigation into Microsoft’s bundling of its Teams video and chat app with some of its other products.The European Commission said the decision to bundle Teams with its Office 365 and Microsoft 365 packages may constitute anticompetitive behaviour. It is the EU’s first antitrust investigation int
  
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• ECB urged to pause interest rate rises amid recession fears

  27-07-2023 17:31
  
  Central bank raised rates by 0.25 percentage points in attempt to bring inflation down The European Central Bank has been urged to pause further interest rate rises amid growing recession fears after lifting them by 0.25 percentage points to a joint record high.Concerns that European property prices have slumped were cited by analysts among reasons for the central bank to freeze the cost of borrowing on its three key interest rates. Continue reading...
  
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• Twenty renters fighting over each flat in Britain? I worry I’ll never find a place to call home | Anonymous

  27-07-2023 17:26
  
  Soaring rents, intrusive questions, baffling rules: landlords and agents behave as they please because tenants are 10 a pennyEarlier this year I found myself served notice on my flat after complaining to my landlord that he shouldn’t swear at us, his tenants. That is the standard I have grown to expect in the private rented sector, where ego runs roughshod over legal rights. With no way of challenging the notice, I needed to arrange some viewings – and fast.I found a friend who was w
  
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• ITV warns it is in ‘worst ad recession since financial crisis’

  27-07-2023 17:21
  
  Broadcaster’s earnings more than halve in first half but studios business performs stronglyITV has warned it is in the midst of the worst advertising downturn since the 2008 financial crisis.The broadcaster, which is behind hit shows including Love Island and I’m a Celebrity … Get Me Out of Here!, said earnings more than halved in the first six months of the year as it came up against a “very tough” advertising market and as it invested in its ITVX online streaming
  
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• Jim Ratcliffe’s charity cleared by regulator after preliminary investigation

  27-07-2023 16:23
  
  Foundation set up by Sir Jim Ratcliffe, the UK’s richest person, had provided funding for a luxury clubhouse at ski clubThe Charity Commission has closed a preliminary investigation into concerns about governance at a charity set up by the UK’s richest person, Sir Jim Ratcliffe, which helped fund a £16m luxury clubhouse for an exclusive French Alps club where he and his daughter have skied for years.The UK charity watchdog announced on Thursday that it had closed its “reg
  
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• Prime targets: why are teenagers so obsessed with energy drinks?

  27-07-2023 16:00
  
  Alarm is spreading over kids’ thirst for the highly collectible, highly caffeinated Prime Energy, but it’s not first time companies have marketed energy drinks for childrenA year and a half ago, two YouTubers and sports stars, Logan Paul and KSI, once rivals in the boxing ring, came together to fight a common enemy: Gatorade. They channeled their energies, and their combined 40 million social media followers, into a rival fruit-flavored sports drink they called Prime Hydration.Their
  
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• Putin promises free grain to six African nations after collapse of Black Sea deal

  27-07-2023 15:56
  
  President says Russia will replace blocked Ukrainian exports after it abandoned pact on passage of shipsRussia-Ukraine war – latest news updatesVladimir Putin has promised free grain supplies to six African nations as Moscow seeks to capitalise on the collapse of the Black Sea grain deal.Speaking on the first day of a Russia-Africa summit in St Petersburg, the Russian president claimed his country would be able to replace Ukrainian grain exports blocked by Moscow’s decision to abando
  
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• Michael Gove tells landlord L&Q: ‘You have failed your residents’

  27-07-2023 14:30
  
  Social housing landlord ordered to pay tenants compensation after findings of severe maladministrationUK politics live – latest updatesMichael Gove has told Britain’s second biggest social housing landlord: “You have failed your residents.”The secretary of state for levelling up, housing and communities has called the chief executive of L&Q to a meeting after the housing ombudsman ordered the landlord to pay tenants more than £140,000 in compensation after a spe
  
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• Tell us: have you had a UK bank close your account?

  27-07-2023 11:52
  
  We are interested in hearing about how ‘debanking’ incidents affect people’s lives following the resignation of NatWest’s chief executive after Farage rowFollowing the the resignation of NatWest chief executive Alison Rose due to a row over the closure of Nigel Farage’s bank accounts with the private bank Coutts, we want to hear about people’s experiences of losing their bank accounts.If you are in the UK and have been ‘debanked’, tell us about the
  
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• Wizz Air faces millions in payouts over flight delays

  27-07-2023 10:46
  
  CAA starts enforcement action after finding budget airline’s treatment of passengers was unacceptableWizz Air could be forced to pay out millions of pounds to passengers after the UK airline regulator started enforcement action against the budget carrier in response to an avalanche of complaints over unpaid refund claims.The Civil Aviation Authority (CAA) said it had been in contact with Wizz Air for several months after it received a high volume of complaints about the airline’s fai
  
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• You need £285,000 for a comfortable retirement - here’s how to get it

  27-07-2023 07:30 via express.co.uk
  
  The cost of retirement continues to rise as pensioners need a staggering £285,000 of savings to enjoy a "moderate" standard of living during their final years. Ideally, you need even more than that.
  
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• UK electrical safety charity calls for e-bike batteries to be regulated

  27-07-2023 06:00
  
  Twelve people have died in suspected e-bike and e-scooter blazes since 2020 in UKE-bike and e-scooter batteries should be regulated in the same way as fireworks after a spate of fatal fires in the UK, a safety charity has said.Lithium-ion cells that power the increasingly popular vehicles should be approved before sale to prevent greater loss of life, said Electrical Safety First (ESF). At least 12 people have died in suspected e-bike and e-scooter blazes since 2020 in the UK. Continue reading..
  
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