Financial news

• ‘I found a draft copy of the first Harry Potter book for £1 - but it may be worth £20,000'

  01-09-2023 18:32 via express.co.uk
  
  Harry Potter is one of the biggest book and film franchises in the world and a £1 draft copy of the first novel could be sold for up to £20,000 at an auction.
  
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• Money advice demystified: what do financial advisers and wealth managers do?

  01-09-2023 15:27 via theguardian.com
  
  A fear of being judged about your lack of knowledge or the state of your finances can stop people from seeking help. But financial advisers can be more human than people thinkMany of us will be familiar with so-called financial phobia. The world of finance can often seem intimidating, deterring people from planning their finances and ensuring they are on track to meet their short- and long-term life goals. But there is another, more specific phenomenon that can prevent people from seeking profes
  
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• Financial planning in turbulent times: how being prepared can help

  01-09-2023 15:24 via theguardian.com
  
  If you know you’re on track to hit your long-term savings goals, you’re less likely to make costly mistakes when economic turmoil strikesThe French author and aviator Antoine de Saint-Exupéry famously wrote that a goal without a plan is just a wish. It can pay to bear those words in mind when thinking about your future life plans – particularly when it comes to funding them. Financial planning might seem like a daunting bit of extra admin, but it basically entails making
  
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• Building Society launches new fixed ISA with ‘attractive’ 5.6% interest rate

  01-09-2023 15:24 via express.co.uk
  
  Tipton and Coseley Building Society's new ISA product has earned an "excellent" Moneyfactscompare rating.
  
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• Octopus Energy to take on nearly two million customers in Shell deal

  01-09-2023 13:54 via express.co.uk
  
  The move will take Octopus Energy's retail supply arm to 6.5 million customers.
  
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• From packed lunches to uniforms, how the back-to-school UK costs stack up

  01-09-2023 13:00 via theguardian.com
  
  Trousers are £1.90 more than 2018, and trainers £6.57 more … add an item to our visual tool to see how prices have risen in the past five yearsParents braced for the back-to-school rush have an extra problem on their plate this year, with the cost of a packed lunch rising by almost three times the UK rate of headline inflation.A typical packed lunch, made up of a sandwich, an apple and a small yoghurt, costs £2.17 – 32p more a serving than a year ago and equivalent
  
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• Cost of attending university expected to rise by £5,000 this academic year, study finds

  01-09-2023 12:50 via express.co.uk
  
  The top essential items students need - but fear they won't be able to afford this year - include a mobile phone, laptop, and desktop PC equipment.
  
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• Calls to scrap ‘political sop’ inheritance tax rule meaning you could pay extra £140,000

  01-09-2023 12:43 via express.co.uk
  
  EXCLUSIVE: An expert has suggested bringing in a tiered system for inheritance tax to make the system fairer.
  
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• Biden’s student loan repayment program: four things you should know

  01-09-2023 12:00
  
  Student loan experts give their advice on payments restarting for millions of Americans in OctoberMillions of Americans will see their expenses rise sharply this fall. Federal student loan payments are back after a pause of more than three years. Interest will start accruing again on 1 September and borrowers will make their first payments in October.More than 40 million Americans have federal student debt, averaging about $37,000 a borrower. While Joe Biden’s loan forgiveness program was
  
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• National Grid to pay Britons to reduce electricity usage this winter

  01-09-2023 11:34 via express.co.uk
  
  Households are being invited to take part in the demand flexibility service to help limit demand on the electricity grid.
  
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• DWP alert as changes to benefit payments coming this month - are you affected?

  01-09-2023 11:12 via express.co.uk
  
  As September begins, those on benefits are reminded of the upcoming financial changes that are set to happen this month.
  
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• Direct Line to pay £30m to overcharged car and home insurance customers

  01-09-2023 10:49 via theguardian.com
  
  Company breached rules that state existing policyholders should not be charged more than new onesDirect Line will pay about £30m to customers who were charged more than they should have been to renew car and home insurance policies.The UK’s second biggest car insurer said it discovered the overcharging problem after the incorrect implementation of the new pricing practice regulation that came into force in January last year. Under the rules, existing customers should not be charged m
  
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• 'No relief' for homeowners as house prices fall by 5.3% a year - biggest fall since 2009

  01-09-2023 09:58 via express.co.uk
  
  The typical home is now worth £259,153, an annual drop of around £14,600 compared to August last year, data from Nationwide shows.
  
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• UK house prices fall at fastest rate since 2009, says Nationwide

  01-09-2023 09:27 via theguardian.com
  
  August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021Business live – latest updatesUK house prices fell 5.3% in August compared with the same month last year, the fastest annual drop in 14 years, according to Nationwide Building Society.The lender said the fall, which was the biggest since July 2009, when the global economy was in the depths of the financial crisis, was driven by soaring mortgage costs, which are putting off potential buyers
  
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• Full list of bank branches closing this September including Lloyds, NatWest and Barclays

  01-09-2023 09:13 via express.co.uk
  
  With online banking becoming increasingly popular, high-street banks across the UK are closing their doors for good this year.
  
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• NS&I announces Premium Bonds winners for September - have you won £1million?

  01-09-2023 08:44 via express.co.uk
  
  Two lucky winners have bagged a prize for £1million, one of whom bought their winning Bond just last year.
  
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• English homes for sale within walking distance of schools – in pictures

  01-09-2023 08:00 via theguardian.com
  
  From a stone farmhouse dating back to 1769 to a 1970s house near a bustling London neighbourhood Continue reading...
  
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• Weizenbaum’s nightmares: how the inventor of the first chatbot turned against AI – podcast

  01-09-2023 06:00
  
  Computer scientist Joseph Weizenbaum was there at the dawn of artificial intelligence – but he was also adamant that we must never confuse computers with humans Continue reading...
  
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