Financial news

• Britons could boost their income by £16,000 tax-free thanks to these five tax hacks

  28-08-2023 20:37 via express.co.uk
  
  Tax breaks and savings rules could help families boost their income by thousands of pounds.
  
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• Hundreds more rapid charging points installed in UK to help drivers go electric

  28-08-2023 19:32 via theguardian.com
  
  Fast charging stations that allow for longer journeys are being added in regions beyond LondonCharging companies are plugging the gaps in the UK’s high-speed charger network, with hundreds added this year outside London in a shift that will help end the “range anxiety” that holds back some would-be electric car buyers.The capital and the south-east still have far more chargers of all speeds – ranging from slow to rapid and ultra-rapid – than the rest of the country.
  
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• Nationwide Building Society raises savings interest rates for August - list of changes

  28-08-2023 19:14 via express.co.uk
  
  Savings interest rates are on the rise from building societies and banks, such as Nationwide.
  
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• UK flights disruption an 'evolving' situation, says Suella Braverman – video

  28-08-2023 18:22
  
  Suella Braverman says the disruption affecting Britain's incoming and outgoing flights is an 'evolving' issue. Thousands of air travellers around the world faced delays on Monday as Britain's air traffic control system was hit by a breakdown that was slowing takeoffs and landings across the UK on one of the busiest travel days of the year. Speaking from Manchester, the home secretary said engineers were working intensively to establish the cause.More than three hours after it reported the 'techn
  
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• ‘Like something out of The Flintstones’: the luxury flats causing fury in Folkestone

  28-08-2023 17:36 via theguardian.com
  
  They’ve been compared to termite mounds, doner kebabs, even piles of poo. We report on the outrage that has greeted plans for seaside towers in the once faded town – with one-bedroom flats costing almost half a million pounds A rippling white wall of luxury flats rises from the beach in Folkestone, the glazed bricks doing their best to gleam with summery seaside promise on an overcast day at the Kent coast. The building swells out in a broad arc towards the sea, bulging with curved b
  
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• $1trillion meltdown: Is the ‘most important company to civilisation’ about to crash?

  28-08-2023 16:51 via express.co.uk
  
  US tech stock Nvidia is the investment story of the year as its share price rockets due to the frenzy over the artificial intelligence . Yet has the excitement has gone too far?
  
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• £2,000 energy bill refund eases bereavement pressures – The Crusader

  28-08-2023 16:01 via express.co.uk
  
  The repayment of a £2,076 electricity bill debit is making a massive difference in more ways than one to a customer.
  
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• UK unions say cutting maternity pay for striking pregnant workers is ‘immoral’

  28-08-2023 13:44
  
  Unite and Unison join campaigners urging government to exempt strike days from maternity calculationsThe UK’s two biggest unions have backed calls for a review of the “immoral” system where pregnant workers lose a portion of their maternity pay if they go on strike.Unite and Unison joined campaigners in calling for the government to exempt strike days from maternity pay calculations so that new parents are not “penalised twice” for taking part in industrial action.
  
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• UK air traffic control hit by network-wide failure, airline says

  28-08-2023 13:27
  
  Glasgow-based Loganair warns of possible flight delays due to reported outage on Monday morningUK airspace has been hit by a network-wide failure for air traffic control systems, a British airline has said.Loganair warned customers on X, formally known as Twitter, that flights may be subject to delays due to the outage. Continue reading...
  
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• Will Starbucks’ union-busting stifle a union rebirth in the US?

  28-08-2023 13:00
  
  The NLRB has brought 100 cases against the coffee chain over anti-union activities – but it cannot punish the companyWith more than 340 victories at Starbucks stores across the US, the campaign to organize the coffee chain’s workers is one of the most successful union drives in a generation. But Starbucks’ fierce union-busting campaign has badly slowed its momentum and exposed deep flaws in US labor law that threaten other promising unionization efforts.Two years on since worke
  
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• ‘They would not listen to us’: inside Biden’s troubled $53bn chip plant

  28-08-2023 13:00
  
  Taiwanese microchip manufacturer TSMC blames struggle to build Phoenix plant on skilled labor shortage but workers cite disorganization and safety concernsPosed in front of an American flag and a large banner reading “A Future Made in America Phoenix, AZ,” Joe Biden told a crowd of assembled workers, supporters and media last December: “American manufacturing is back, folks.”Eight months on, the Phoenix microchip plant – the centerpiece of Biden’s $52.7bn US h
  
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• Ulez expansion: what you need to know – and how to get a charge-free car

  28-08-2023 10:00
  
  The biggest change to London’s roads in decades launches on Tuesday. Here’s how avoid the feeHeathrow visitors told to beware of new chargesNo 10’s stance reverses ‘decades of progress’, says KhanReaders’ views: ‘Planet and health more important than cars’Despite the recent backlash, the expansion of London’s ultra-low emission zone (Ulez) is happening. On Tuesday the zone will double in size to reach outer London, a change that means owners
  
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• How can the US and China prevent a war? | Nouriel Roubini

  28-08-2023 10:00
  
  The two countries need to pursue policies that will reduce economic tensions and foster cooperationThe US and China remain on a collision course. The new cold war between them may eventually turn hot over the issue of Taiwan. The “Thucydides trap” – in which a rising power seems destined to clash with an incumbent hegemon – looms ominously. But a serious escalation of Sino-American tensions, let alone a war, can still be avoided, sparing the world the cataclysmic conseque
  
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• Feeling the heat: how extreme weather is pushing up UK home insurance costs

  28-08-2023 10:00
  
  Subsidence claims rise as climate crisis causes heatwaves, storms and floodingRecord temperatures, flash floods, storms – the UK’s weather is becoming more extreme, and it is having an impact on our homes. Last summer’s heatwave caused subsidence cases to triple at one major insurer, and experts say that the damage wrought by wild weather could mean we all end up paying more for home insurance.Data from Halifax Home Insurance shared with Observer Cash gives an insight into the
  
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• Average child goes through 945 school uniform items during their school life, study finds

  28-08-2023 10:00 via express.co.uk
  
  This costs parents nearly £150 each academic year - as well as a whopping £924.70 over their child's school life, just on the energy costs of washing and drying uniform items.
  
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• UK financial firms ‘may be lending over £174m a month to at-risk gamblers’

  28-08-2023 09:00
  
  Bank data analysis suggests lenders could be unwittingly fuelling gambling problems by extending creditFinancial institutions in the UK may be lending more than £174m a month to people who are using a risky proportion of their income on gambling, an analysis of the spending patterns of loan customers suggests.The credit technology firm Abound looked at the open banking data of people who applied for its loans and used artificial intelligence to assess all their financial transactions over
  
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• No 10’s Ulez stance reverses ‘decades of clean air progress’, says Sadiq Khan

  28-08-2023 08:00
  
  Rishi Sunak’s lack of support for expanded scheme risks stunting Londoners’ lungs, says mayor in run-up to Tuesday’s launchReaders’ views: ‘Planet and health are more important than cars’Ulez expansion guide: what you need to knowRishi Sunak has “put decades of progress on clean air into reverse” and now risks “stunting the lungs” of London’s children by failing to support the expansion of the capital’s ultra-low emissions z
  
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• I have a joint mortgage and want to pay up early. What are the implications?

  28-08-2023 08:00
  
  I have recently inherited money and would like to pay off my share on the flat I own with a friend to avoid soaring interest ratesQ I own a flat with my friend as tenants in common. We have a deed of trust and each own exactly half the flat. Our mortgage eventually will be paid off in five to seven years.The interest rate is high and I worry that at the end of our two-year fixed term it will be even higher. I have come into some inheritance money and want to pay off my share of the mortgage. Con
  
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• How can our car insurance renewal go up by a shocking 180%?

  28-08-2023 08:00
  
  We do very few miles and have four years’ no-claims discountI had been reading about the rising cost of car insurance but I was still shocked when our renewal quote for this year arrived from Aviva, which had shot up from £893 to £2,531. An increase of more than 180%.I can’t understand why. We have four years’ no-claims discount and do 6,000 miles a year (we only really use the car to visit the grandparents with our children). Continue reading...
  
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• ‘Bank of family’ to help a record number of UK house buys this year

  28-08-2023 07:00
  
  Affordability problems for first-time buyers mean parents, grandparents and siblings are stepping in to helpThe “bank of mum and dad”, where homebuyers rely on their parents to get a foot on the property ladder, has long been a key part of the UK housing market.But continued pressure on budgets means other relatives including siblings are now being recruited to the cause, and this newly named “bank of family” is forecast to help finance a record number of house buys this
  
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• At least 26 English councils ‘at risk of bankruptcy in next two years’

  28-08-2023 01:01
  
  Research from body representing 47 authorities says many could follow Slough, Croydon, Thurrock and Woking into collapseAt least 26 councils in some of Britain’s most deprived areas are at risk of effective bankruptcy within the next two years, according to a leading local government group, which says many authorities simply have “nothing left”.Britain’s local government network has been shaken by a string of financial collapses in the past two years, starting with Slough
  
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