Financial news

• Nearly half of SMEs feel they can create a sustainable future for their business

  07-09-2023 19:43 via express.co.uk
  
  Research finds one in five small business owners have decided to re-invest their profits back into their trade - just so they can make ends meet this year.
  
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• The Guardian view on electric vehicles: UK boom could run out of juice before it begins | Editorial

  07-09-2023 19:31 via theguardian.com
  
  Britain’s transport needs to be low-carbon. State intervention is needed to coordinate the necessary investments to transform societyRishi Sunak’s decision this summer to keep the government’s target to ban petrol and diesel cars by 2030 was the easy bit. The hard stuff has barely been tackled. There is no feasible way to decarbonise transport without electric vehicles (EVs), which don’t spew out greenhouse gases. The good news is that the UK’s only dedicated manufa
  
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• Nasdaq plummets for third day amid interest rate rise fear: ‘We could fall into recession'

  07-09-2023 19:30 via express.co.uk
  
  The stock market has taken a hit over the last few days which has fuelled worry over a potential recession and more interest rate rises.
  
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• ‘I made £9,000 selling old Facebook furniture and paid off my debt - you can too!’

  07-09-2023 19:23 via express.co.uk
  
  Side hustles are useful ways for people to supplement their income and pay off any outstanding debt.
  
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• ‘I became a millionaire after quitting my pharmacist job to make towels'

  07-09-2023 19:18 via express.co.uk
  
  Side hustles are becoming millionaire-making jobs for those looking to leave traditional careers.
  
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• Don’t be fooled by rail ticket office promises | Letters

  07-09-2023 18:46 via theguardian.com
  
  The plan to cut staffing hours will make train travel a less attractive option, writes Sheila Cross. Plus letters from Lin Friend and Matthew PenningtonThe train operators’ claim that freeing station staff by closing ticket offices will improve customer service overall may sound sensible but is fallacious (Unions urge ‘final push’ to save England’s rail ticket offices, 1 September).What they don’t say is that they are cutting the hours when staff will be available &
  
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• Britons could slash their energy bills in half with genius little known hack

  07-09-2023 18:43 via express.co.uk
  
  As Britons continue to grapple with high energy bills, one user has found a way that could cut her bill in half.
  
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• New UK mortgage lender Perenna offers 30-year fixed-rate deals

  07-09-2023 16:05 via theguardian.com
  
  Startup bank’s deals range from 6.5% to 7.5%, ‘comparable with two-year fixes at the moment’A new UK mortgage lender is launching home loans that allow people to fix their rate for up to 30 years. It may also let them borrow more money than standard deals.Perenna claimed that by giving people certainty over what they pay for up to three decades, its deals would free borrowers from the interest rate turmoil that has caused many people to be hit with dramatically highermortgage c
  
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• Skipton to pay millions in interest after 60,000 members open Regular Saver account

  07-09-2023 15:40 via express.co.uk
  
  Skipton Building Society passed on the majority of recent Base Rate rises to savers, with the lowest variable rate now 3.25 percent.
  
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• Pension savers risk losing £270,000 as they cut back contributions to pay for daily costs

  07-09-2023 15:33 via express.co.uk
  
  A person could see their monthly pensions income cut in half if they don't keep up with their contributions.
  
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• 'It's delicious': Ryanair boss hit with cream cake in climate protest – video

  07-09-2023 15:10
  
  The Ryanair CEO, Michael O’Leary, was hit in the face with what appeared to be a cream cake in Brussels by protesters demonstrating against aviation pollution. The manager of the low-cost airline came to Belgium to hold a press conference about aviation strikes. He said cream cakes were his favourite, as he spoke to journalists with crumbs and cream all over his face Continue reading...
  
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• Provider launches new 'market-leading' cash ISA with 'attractive' interest rate

  07-09-2023 14:56 via express.co.uk
  
  The new account is designed to encourage people to grow their savings tax-free over the medium-long term.
  
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• 'Life will never be the same': Woman scammed out of £180,000 life savings online

  07-09-2023 13:58 via express.co.uk
  
  The scammers were said to have emotionally manipulated her as they spent six months building a close relationship with her.
  
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• Pet owners: share your experience of using veterinary services in the UK

  07-09-2023 12:07
  
  We’d like to hear from people with pets what kind of vet’s services they are using in the UK, and how they feel about the costs and value for moneyBritain’s veterinary sector is being scrutinised by the competition watchdog amid concerns about soaring costs and that pet owners are not getting value for money.We’re interested to hear from pet owners in the UK what their experience of using veterinary services is like. Continue reading...
  
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• Treating cancer in children: the story behind the dramatic increase in survival rates

  07-09-2023 11:49
  
  Cutting-edge research has driven huge gains in the understanding and treatment of children’s cancers, but those at the forefront of this progress insist there is still much work to be doneThe increase in survival of children and young people diagnosed with cancer has been astounding. In the 1970s in the UK, just 36% of children (aged 0-14 years) survived for 10 years beyond a cancer diagnosis. Now, it’s about eight in 10.According to Laura Danielson, children’s and young people
  
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• UK house prices suffer sharpest fall in 14 years

  07-09-2023 09:33 via theguardian.com
  
  Halifax says prices fell by 4.6% as high interest rates dents homebuyer demandBusiness live – news updates UK house prices suffered their sharpest annual drop in 14 years, as the seasonal summer slump and high mortgage costs dragged on sales.Data released by Halifax, Britain’s biggest mortgage lender, said on Thursday that prices fell by 4.6% in August, marking the biggest year-on-year decrease since 2009. Continue reading...
  
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• UK house prices tumble 4.6% in August as high interest rates cool demand – business live

  07-09-2023 08:27
  
  UK house prices are falling at fastest pace since 2009 on annual basis, reports HalifaxBank of England governor expects ‘quite marked’ fall in UK inflationLooking ahead, Halifax predicts there will be “further downward pressure on property prices” through to the end of this year and into 2024.Kim Kinnaird, director of Halifax Mortgages, explains:While any drop won’t be welcomed by current homeowners, it’s important to remember that prices remain some £40
  
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• Ulez exemption for my scooter has been a paperwork nightmare

  07-09-2023 08:00
  
  We even had to get a signed letter from the Piaggio group in support of the application, which has been rejected twiceWe live in an area covered by the expanded ultra-low emission zone (Ulez). My husband drives a Piaggio Vespa Granturismo 200 L scooter, which is exempted from the charge because, although its status is Euro 2, its nitrogen oxide emissions are below 0.15g/km. To apply for this exemption, Transport for London (TfL) requires a copy of the vehicle’s conformity certificate, the
  
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• Relax. AI robots won't take your job - 5 reasons why you're more intelligent than them

  07-09-2023 07:00 via express.co.uk
  
  The artificial intelligence revolution is expected to destroy hundreds of millions of jobs but don't panic. Today's workforce has secret powers that mere machines will never match.
  
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• Offshore wind expecting to lose out in auction for UK financial help

  07-09-2023 07:00
  
  Energy industry experts say steep rise in costs could result in few projects submitting bidsBritain’s offshore wind industry is expecting to lose out on financial help for projects toward meeting the UK’s climate goals, because soaring inflation means developers are not able to compete for crucial government support.Ministers are expected to announce the results of the latest auction for financial support contracts this Friday, but energy industry insiders suggest it could be a damp
  
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• Number of Britons facing significant internet outages doubles in a year

  07-09-2023 07:00
  
  Two-fifths of UK adults disconnected for three hours or more with one in four left without service for nearly a weekThe number of Britons who have experienced their internet connection failing for at least three hours has almost doubled in the last year, with irate consumers now ranking broadband outages as a bigger frustration than roadworks or public transport delays.In the past year, two-fifths (41%) of all UK adults – 22 million consumers – have had their internet disconnected fo
  
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• Most English schools handing out clothes and food to children

  07-09-2023 07:00
  
  Survey finds cost of living crisis has increased both number of children needing extra support and level of needHoley shoes and abscessed teeth: Oldham school sees impact of cost of living crisisSchools are handing out clothing and food to children amid the cost of living crisis, while teachers report deteriorating hygiene among pupils as families cut back on brushing teeth, showering and even flushing the toilet.According to a survey of schools in England, nine out of 10 said they were providin
  
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• Holey shoes and abscessed teeth: Oldham school sees impact of cost of living crisis

  07-09-2023 07:00
  
  At Beever primary, staff regularly step in to give children breakfast or provide uniformsEnglish schools handing out clothes adn food to childrenKatie Greaves is the pastoral lead at Beever primary school in Oldham, Greater Manchester, and sees first hand the impact of the cost of living crisis on her pupils and their families.Usually on the first day of the new school year, children arrive kitted out in smart new uniforms. This year it was different. Continue reading...
  
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• Councils going bust, schools crumbling, the NHS in crisis: the answer is more tax | Larry Elliott

  07-09-2023 07:00 via theguardian.com
  
  Labour can raise £50bn from the wealthy to pay for public services without introducing a new one-off wealth taxSchools at risk of falling down. Councils going bust. If ever there were any doubts that the Tories are on course to be booted out at the next election, then the events of the past few days have surely dispelled them. The government is a shambles and needs to be put out of its misery.As with any party that has been in power a long time, past policy errors have started to become gl
  
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• Britons least likely to say work is important to them, world study finds

  07-09-2023 06:01 via theguardian.com
  
  UK losing belief that hard work brings better life, and fewer millennials now think work always comes first, survey indicatesIn the great “live to work or work to live” debate, Britons have traditionally been seen to fall into the first group. But research appears to turn that reputation on its head.According to a study of 24 countries, Britons are less likely than people from elsewhere to place importance on work. Increasingly, they also no longer believe that hard work brings a bet
  
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• UK social mobility at its worst in over 50 years, report finds

  07-09-2023 01:01
  
  Institute for Fiscal Studies finds stark disparities in earnings based on geography and ethnicityMoving up the social ladder in Britain has become harder than at any point in more than half a century for children born into poor households, according to the country’s foremost economic thinktank.Exposing a striking breakdown in social mobility, the Institute for Fiscal Studies (IFS) said those growing up in the north of England and the Midlands, as well as those from a minority ethnic backgr
  
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• UK owners of smart home devices being asked for swathes of personal data

  07-09-2023 01:01 via theguardian.com
  
  Which? said firms are gathering far more data than needed for products to functionSex and politics: car driver data grab is ‘privacy nightmare’EU unveils ‘revolutionary’ laws to curb big tech Owners of smart home devices are being asked for swathes of personal data that is then potentially shared with social media firms such as TikTok, research has found.The consumer champion Which? found companies appear to be gathering far more data than is needed for products to functi
  
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• Google faces multibillion-pound lawsuit from UK consumers

  07-09-2023 01:01
  
  Lawsuit claims search engine stifled competition, contributing to rising cost of living for consumersGoogle faces a new multibillion-pound lawsuit from UK consumers accusing the company of contributing to cost-of-living price rises.The lawsuit, on behalf of every consumer in the UK, says that Google has stifled competition in the search engine market, which caused prices to rise across the UK economy. Continue reading...
  
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