Financial news

• Elderly losing out as lack of online access means higher prices

  12-08-2023 23:01 via express.co.uk
  
  Elderly facing higher costs as internet exclusion leads to inability to find cheaper online deals, study shows.
  
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• Biased Bank of England blames pay for inflation, never profit | Phillip Inman

  12-08-2023 18:00
  
  Data suggests prices are rising even though production costs are flat. Yet wages remain policymakers’ chief concernThere is a chart in the Bank of England’s latest report on the economy which illustrates that price gouging may still be a factor in pushing up inflation.What unions and academics have complained about for more than two years – and policymakers at the central bank have downplayed – is that corporate profits could be pumping up inflation as much as rising wage
  
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• ‘Flexibility has made all the difference’: three UK workers on returning to the office

  12-08-2023 17:15
  
  From the enthusiastic office worker to the neurodivergent person who has discovered a new ability to focus, Britain’s workforce has clearly been divided by the pandemicHugh Adams, 62, works for the charity Brain Tumour Research, in Milton Keynes. Although he has the option to work up to two days a week from home, he prefers to spend 25 minutes driving into the office every day. Continue reading...
  
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• Bailiffs making record profits collecting debt for councils in cost of living crisis

  12-08-2023 15:23
  
  Charities call for an end to the outsourcing of public debt as firms’ turnover rises nearly 50% in a yearBailiffs hired by councils to recover unpaid debts have seen their profits rise to record levels during the cost of living crisis, company filings show.Newlyn Group, which is hired by councils to recover unpaid traffic fines and council tax, saw its turnover from debt collection increase by 43.8% to £25.8m in the year to December 2022, while its gross profit rose to £15.5m.
  
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• The 'lesser known yet effective method' to reduce your inheritance tax bill

  12-08-2023 15:01 via express.co.uk
  
  EXCLUSIVE: Inheritance tax receipts reached the highest monthly total on record in June amidst rising house prices, asset inflation and frozen allowances.
  
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• Labour backers want a wealth tax but here’s a warning: they won’t stop at the wealthy

  12-08-2023 11:21 via express.co.uk
  
  I'm one of a handful of Brits who knows what it's like to pay a wealth tax. If Labour's financial backers get the way, there'll soon be a lot more of us.
  
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• How six UK couples manage family finances now the pressure is on

  12-08-2023 11:00
  
  Who pays what has long been a tricky balancing act but the cost of living crisis has put an increasing strain on budgetsBeing on the same page financially is essential within a relationship, particularly now, with the cost of living crisis putting household budgets under unprecedented pressure.The squeeze on finances has inevitably taken its toll on some couples, whether it is the strain caused by higher housing costs or disagreements about reining in spending. A recent survey from the credit ca
  
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• NS&I increases Premium Bonds prize fund rate - how to 'increase your chances of winning'

  12-08-2023 09:01 via express.co.uk
  
  Premium Bonds odds will improve to 21,000 to one - the best level since the April 2008 prize draw - in Septembers upcoming £1million prize draw.
  
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• Inheritance tax thresholds explained: From Nil-Rate Bands to rules for married couples

  12-08-2023 08:01 via express.co.uk
  
  EXCLUSIVE: Express.co.uk spoke to a tax expert to find out how to utilise inheritance tax thresholds to receive the "maximum" benefits.
  
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• Virgin Media customers threaten to not renew deals over email problems

  12-08-2023 08:00
  
  Some broadband consumers still cannot access messages or old emails have yet to be restoredCan you imagine being told that you can’t access your emails for the next three weeks? No access to work or family messages, your expensive holiday booking, or the tickets to a gig that were emailed over. What would you do?That is the situation a number of Virgin Media customers say they have found themselves in this summer, and it has left some so furious that they are threatening to not renew their
  
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