Financial news

• Hiring boom fading but three-quarters of UK firms still struggle to find staff

  08-10-2023 23:30
  
  Staffing difficulties worst in hospitality sector, finds BCC poll, with separate research showing recruitment intentions falling in UKThree-quarters of UK firms are still struggling to recruit staff, research has found, but the post-pandemic “jobs boom” appears to be in decline, with hiring intentions continuing to fall last month.A survey by the British Chambers of Commerce found that 73% of the almost 5,000 companies it polled had faced hiring difficulties in the July to September
  
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• The logic of charging VAT on private school fees | Letters

  08-10-2023 18:56
  
  A two-tier education system based on wealth has a negative effect on the society we all live in, says Nick Richards. Plus letters from Stewart Goacher, Ian Bourne, and Chris JonesPriyanjali Malik says Labour will alienate “swathes” of middle-class voters by introducing VAT on private school fees (Letters, 3 October). Given that only 6.5% of pupils in the UK are privately educated, the word “swathes” seems an exaggeration.Dr Malik also says it is the business of the parent
  
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• Ed Miliband to announce Labour plan to boost energy independence and cut bills

  08-10-2023 18:05
  
  Exclusive: Party says bill would enable UK electricity system to be fully based on clean power by 2030UK politics live – latest updatesEd Miliband is to announce Labour’s plan for an energy independence act that would boost Britain’s energy independence and cut bills for families.The party says the bill will enable a Labour government to establish a UK electricity system fully based on clean power by 2030, with the largest expansion of renewable power in Britain’s history
  
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• Tories have taken 'sledgehammer' to foundation on which good life can be built, says Rayner – video

  08-10-2023 17:12
  
  Speaking at the annual Labour party conference in Liverpool, the party's deputy leader, Angela Rayner, said: 'And now the simple things in life are crumbling. A decent job., a secure, affordable home, and a strong community. Simple things this government has snatched away from working people'UK politics live – latest updates Continue reading...
  
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• ‘Living in fear’: the renters in England facing two-month ‘no fault’ evictions

  08-10-2023 17:00
  
  Charities fear landlords are pushing evictions through before the renters’ reform bill becomes lawWhen Kitto Haywood moved into their eighth-floor flat in Manchester last year, they planted tomatoes, strawberries, garlic, carrots and mint in pots on the balcony. It had taken five months to find an ideal home after moving from Brighton. “I finally felt like we were going to be there long-term,” says Haywood.But over the summer, Haywood, 24, let the plants wilt. On 21 May they re
  
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• Labour sets target of 1.5m new homes over five years

  08-10-2023 15:27
  
  Keir Starmer says Labour will challenge planning laws and review rules on building on green beltUK politics live – latest updatesKeir Starmer has said the UK must “get real about where we’re going to build” to solve the housing crisis, as Labour pledged to review rules about building on the green belt.Speaking to BBC One’s Sunday with Laura Kuenssberg at the start of Labour’s annual conference in Liverpool, Starmer said his party would set a target of 1.5m new
  
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• ‘It’s soul-destroying to have one customer on a Saturday’: Is the party over for the UK’s pubs and clubs?

  08-10-2023 14:00
  
  Reeling from Brexit, Covid and soaring energy costs, UK pubs and clubs are calling time on opening all week. Can they survive?It was Saturday night and the Dodo was dead. “I can’t really explain how soul-destroying it is when you have one gentleman in at 7.30pm on a Saturday,” said publican Lucy Do.Until the pandemic, the name of this smart west London pub had managed not to be a hostage to fortune. Do’s pub is an award-winning modern community boozer in Hanwell, a stripp
  
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• Born poor, stay poor: what my $120,000 student debt says about class in the US

  08-10-2023 14:00
  
  I was the first in my family to go to college and I teach at an Ivy League school. I’m still broke – and I probably always will beI owe $120,000 to the American government, which I accrued chasing the American dream. Yes, I am yet another person who was taken in by the predatory lending practices of student loans.The story of my education is classically American: problematic student is deemed talented, teacher with heart goes out of his way to invest in the student, turns out the stu
  
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• Pensioners can get thousands extra by making sure they claim these key state benefits

  08-10-2023 12:21 via express.co.uk
  
  Inflation may have fallen slightly but life is still a struggle for millions of pensioners who need to claim all the state benefits due to them, just to keep their heads above water.
  
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• Keir Starmer’s dilemma over economy: should he sell voters security or change? | Larry Elliott

  08-10-2023 12:03
  
  Cautious Labour approach at conference has risks yet something more transformative may raise concerns about trustUK politics live – latest updatesFifteen years ago this month, the global financial system was in turmoil. Banks were on the point of collapse and were only saved by a mixture of state ownership, injections of capital and frenetic efforts by central banks to pump cheap money into the system.Gordon Brown was Britain’s prime minister at the time and won praise for the leader
  
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• Five hardship grants to help with energy bills this winter - British Gas to EDF

  08-10-2023 12:00 via express.co.uk
  
  From smart thermostats to energy bill grants, eligible Britons can claim hundreds of pounds worth of support this winter.
  
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• 'I'm quitting work at 39 to live off Universal Credit - I've had enough'

  08-10-2023 11:40 via express.co.uk
  
  The woman said she was fed up of having to move from 'job to job' due to her chronic pain and fatigue.
  
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• The robots are coming, but older workers have less to fear than they might think | Torsten Bell

  08-10-2023 11:33
  
  Lessons from history show that technological change doesn’t affect employment in the way some people believeWe need to talk about economic change – how fast it’s happening and what it looks like when it does. Everyone says technology means economic change is accelerating, and that when the robots arrive the result is current, largely older, workers losing their jobs.That kind of change can happen, especially if driven by more than technology. The speed, and geographical concent
  
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• If Keir Starmer is our next PM he’s going to hate every minute of it (and so will we)

  08-10-2023 11:28 via express.co.uk
  
  Labour Party leader Keir Starmer is on course to be the next Prime Minister but he faces a torrid time in power. Everyone's going to hate him.
  
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• PayPal account drained of £1,800 in 'gut-wrenching' raid of business owner's finances

  08-10-2023 11:00 via express.co.uk
  
  EXCLUSIVE: The hackers were able to access his PayPal account and steal his money and personal details.
  
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• 'I've made £10,000 from my repairs side-hustle on Airtasker - now I can do what I want'

  08-10-2023 11:00 via express.co.uk
  
  EXCLUSIVE: In a "good month", Jay Khan can earn £2,000 to £3,000 carrying out repairs locally.
  
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• Does your 12 year old have a pension yet? The best financial advice for every stage of your child’s life

  08-10-2023 11:00
  
  Whether they’re five or 55, how to support your children with moneyFor many families, the financial pressure caused by the cost of living crisis means it is hard to manage the daily expense of rearing children, let alone simultaneously save up to help them after they finally leave home.The money involved in providing even a minimum standard of living until they are 18 is big anyway. The estimate, which includes housing and childcare, is almost £160,000 for a couple and nearly £
  
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• Brits warned 850,000 at risk of losing £150 from bank accounts by Friday

  08-10-2023 09:55 via express.co.uk
  
  Brits need to apply for the Warm Home Discount by Friday, October 13 or face not getting it in time.
  
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• Inheritance tax warning over 'misleading' form after person overpays by £30,000

  08-10-2023 08:00 via express.co.uk
  
  EXCLUSIVE: A solicitor warned people can easily misunderstand the exemptions and allowances involved in calculating inheritance tax.
  
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• The UK towns where house prices are rising faster than anywhere else in the country

  08-10-2023 07:30 via express.co.uk
  
  The cluster of towns is witnessing a sharp rise in house prices which is much larger than anywhere in the country - including London.
  
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• Boon for savers as interest rates on ‘attractive’ accounts rise to nearly 6%

  08-10-2023 01:01 via express.co.uk
  
  Savings accounts have received a boost in recent months thanks to central banks raising interest rates.
  
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