Financial news

• ‘My brother will pick it up, what’s your PayID?’ How to avoid this scam when selling goods online

  22-08-2023 23:57
  
  The popularity of online marketplaces has made them a fertile ground for fraudsters. There are several red flags to look out for when selling stuffGet our morning and afternoon news emails, free app or daily news podcastYou’ve done it. You’ve finally bought that new sofa you wanted so much. The old one is still perfectly good to sit on, so you jump online to try and get a little bit of cash for it.Every day, thousands of Australians list their unwanted things on online trading sites
  
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• How a Craigslist scam led me to home ownership at age 28

  22-08-2023 13:00
  
  I finally found a perfect little house in the countryside that was both affordable and accessible – but was it too good to be true?The Craigslist rental listing was fresh, less than a day old. Gazing at the little cottage in north Georgia, I could practically see a halo around it. The area was rural but not too isolated, the streets tree-lined and hilly. At just 925 sq ft, it looked perfect for a singleton like me. The $700 deposit was also very manageable – much too low, in retrospe
  
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• Inflation crisis leaves British workers needing £3k pay rise just to keep pace with costs

  22-08-2023 12:11 via express.co.uk
  
  The UK has been forced to contend with record-high inflation over the last almost two years which has resulted in a bad deal for workers desperately in need of a pay rise.
  
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• DWP alert as millions of pensioners set to receive £600 winter fuel payment

  22-08-2023 11:56 via express.co.uk
  
  Those born before September 25, 1957, and live in the UK, should be eligible to receive the extra cash.
  
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• Mortgage success: when porting could be the answer – The Crusader

  22-08-2023 11:23 via express.co.uk
  
  Borrowing rates up, property prices down and a mortgage maelstrom to contend with - what is a homeowner with a loan deal to do for the best when they want to sell up, buy again and move on with their life?
  
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• Inheritance tax shakedown as HMRC rakes in extra £273m and families overpay

  22-08-2023 11:15 via express.co.uk
  
  An increasing number of families are being dragged into the inheritance tax net due to years of house price increases, soaring inflation, and tax freezes.
  
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• NS&I launches new Green Savings Bond with ‘higher’ 5.7% interest rate

  22-08-2023 11:06 via express.co.uk
  
  Money invested in Green Savings Bonds continues to help finance green projects as part of the Government's Green Financing Framework.
  
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• Santander announces further round of mortgage rate reductions - ‘other lenders may follow'

  22-08-2023 10:41 via express.co.uk
  
  Santander has reduced interest rates on residential fixed rate mortgage products by between 0.02 and 0.2 percent.
  
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• Energy supplier to pay customers for shifting usage out of peak time - how to get involved

  22-08-2023 10:19 via express.co.uk
  
  OVO's initiative will pay customers for using less energy between the peak hours of 4pm and 7pm.
  
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• Superpower meltdown! China on brink of collapse and US could be next to crash

  22-08-2023 09:31 via express.co.uk
  
  The economic and political situation in China is even more desperate than it looks , but could the US go into meltdown, too? It could easily happen.
  
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• Pensioners need 'eye-watering' extra £68,700 for comfortable retirement as costs soar

  22-08-2023 09:17 via express.co.uk
  
  Pensioners need extra £68,700 for comfortable retirement as living costs soar
  
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• Jen and Emma Grede: meet the business brains behind Kim Kardashian’s Skims

  22-08-2023 09:00
  
  The husband-and-wife executives who run the multibillion-dollar shapewear brand may soon become as famous as the stars they work withJens and Emma Grede sweep into a side room at the upmarket Claridge’s hotel in London with a phalanx of personal assistants, makeup artists and friends in tow.Their names may not be familiar, but the couple are the multimillionaire co-founders and co-owners of Kim Kardashian’s lingerie and loungewear brand Skims, which is already worth £3bn &ndash
  
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• Top UK CEOs handed 16% pay rise as millions of workers squeezed – business live

  22-08-2023 08:50
  
  Data from the High Pay Centre thinktank shows FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9mThe bosses of the UK’s 100 biggest listed companies collected an average £500,000 pay rise last year, while many of the millions of people working for them saw their pay growth fail to keep up with soaring inflation, our wealth correspondent Rupert Neate writes.FTSE 100 chief executives received an average pay rise of 16% last yea
  
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• Microsoft submits new Activision Blizzard deal to UK regulator

  22-08-2023 08:48
  
  CMA opens new investigation into acquisition as tech firm offers to sell cloud gaming rights to UbisoftMicrosoft has filed changes to its proposed takeover of the video game maker Activision Blizzard, in a bid to win over the UK competition watchdog which previously blocked the $69bn (£54bn) deal.The Competition and Markets Authority (CMA) on Tuesday said it would investigate the new proposals, under which Microsoft will not acquire cloud rights outside Europe for existing Activision deskt
  
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• Keir Starmer: I wouldn’t be able to go to university today

  22-08-2023 08:46
  
  Labour leader says sluggish economy has driven up prices and is holding back students and apprenticesUK growth will be the slowest in the G7 in 2024, Labour analysis of the latest economic forecasts shows, as Keir Starmer said that the economic climate would prevent him from going to university today.The opposition said the economy was “stuck in a low-growth trap” that had led to higher taxes, higher prices in the shops, and the British people worse off. Continue reading...
  
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• Energy bills: 13m British homes ‘did not turn on heating when cold last winter’

  22-08-2023 07:01
  
  Which? survey finds about half of households with annual income of under £20,000 made such a decisionMillions of Britons did not switch on their heating during cold snaps last winter in an attempt to save on their energy bills as the cost of gas and electricity soared.Almost nine in 10 households tried to cut back on their energy usage last winter, while almost half of all British households, or 13m homes, said they did not turn on their heating when it got cold, according to a survey of 4
  
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• FTSE 100 bosses ‘given average pay rise of £500,000 in 2022’

  22-08-2023 06:00
  
  CEOs received average increase of 16% while pay of many working for them failed to keep up with inflationThe bosses of the UK’s 100 biggest listed companies collected an average £500,000 pay rise last year, while many of the millions of people working for them saw their pay growth fail to keep up with soaring inflation.FTSE 100 chief executives received an average pay rise of 16% last year, taking their median pay to £3.9m, up from £3.4m in 2021, according to research by
  
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• Third of working tenants in England ‘lack savings to pay rent if they lose job’

  22-08-2023 01:01
  
  Half have maximum of a month’s worth of rent put by as costs rise, Shelter survey findsA third of working tenants in England do not have enough savings to pay rent if they lose their job, putting them at risk of losing their home, according to research by the housing charity Shelter.Record rents and the rising cost of other household bills are putting tenants’ finances under pressure and mean many are unable to set money aside for emergencies. Continue reading...
  
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• Overhaul poultry farming to tackle spread of bird flu, urge campaigners

  22-08-2023 01:01
  
  Report argues chickens should be kept in much smaller flocks and given more spaceThe industrial poultry farming sector needs to be radically restructured to stop the spread of bird flu, says a report that argues wild birds are victims rather than the main vectors of the disease.Bird flu is spiralling out of control and being spread by intensive poultry farms, according toreport by the campaign group Compassion in World Farming (CIWF). Continue reading...
  
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• Customer data used for unwanted romantic contact, UK poll shows

  22-08-2023 01:01
  
  Almost one in three people aged 18-34 have been messaged by staff after giving personal details to a businessAlmost one in three people aged 18-34 have received unwanted romantic contact after giving their personal information to a business, a UK poll has shown.The Information Commissioner’s Office (ICO) has called for recipients of such texts to come forward to help the regulator gather evidence of the impact of this phenomenon.The ICO has an online form for people who want to report an e
  
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