Financial news

• ‘I saved £10,000 while travelling to Australia for free by looking after pets!’

  16-10-2023 21:34 via express.co.uk
  
  People are making big savings while travelling and revealing how others can do the same.
  
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• Savers urged to secure high fixed rate accounts as rates above 6% are ‘disappearing’

  16-10-2023 19:55 via express.co.uk
  
  The top-paying 6.2 percent account was recently removed from the market and other high rate fixed accounts will likely not be available for much longer, a group has said.
  
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• Families could save £950 on half term holidays by trying alternative destinations

  16-10-2023 18:00 via express.co.uk
  
  Families looking to get away for a beach holiday or a cultural break could save hundreds of pounds by going for a cheaper destination.
  
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• Bitcoin surges by 10 percent - skyrocketing past $30,000 in enormous boost for investors

  16-10-2023 17:12 via express.co.uk
  
  Cryptocurrencies, including Bitcoin, reported gains today amid speculation regarding the SEC approving the first exchange-traded fund for Bitcoin.
  
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• Is this the cheapest pint at a Wetherspoon pub in the UK?

  16-10-2023 16:35 via express.co.uk
  
  Drinkers can get a pint of Carling for less than £2.50 at one rural Wetherspoon pub, which is more than half of the price of pint at the most expensive location.
  
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• Britons urged to check if they have rare £2 and 50p coins that could be worth hundreds

  16-10-2023 14:36 via express.co.uk
  
  Rare coins that had printing errors or are scarcely available can fetch a high price online.
  
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• Household energy debt hits five-year high of £216 ahead of winter

  16-10-2023 14:16 via express.co.uk
  
  Over three million households are in debt to their supplier - up 11 percent from this time last year.
  
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• British Gas offers eight fixed energy tariffs - how they compare to the price cap

  16-10-2023 13:36 via express.co.uk
  
  The price cap fell by seven percent on October 1 for most households, however, there have been a handful of fixed tariffs introduced that could be worth considering instead.
  
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• Gain not pain for couple after help selling shares – The Crusader

  16-10-2023 13:07 via express.co.uk
  
  Fearing a monumental task and navigating daunting digital processes, a couple sought support from Crusader and expert guidance from shares registrar Equiniti.
  
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• Bank of England chief economist says there’s still ‘some work to do’ fighting inflation – business live

  16-10-2023 12:56
  
  Rolling coverage of the latest economic and financial news, with Brent crude over $90 per barrel and Asia-Pacific markets in the redRich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enoughHuw Pill then explains that the Bank of England needs to see evidence that the persistent component of inflation is falling.This is the parts of inflation that will still be there in 18 months or two years, when the impact of the Bank’s interest rate increases hav
  
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• M&S launches drive to fill 10,000 customer assistant roles this Christmas

  16-10-2023 12:40 via express.co.uk
  
  The number of new seasonal job roles available at M&S has increased by nearly 40 percent since last year.
  
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• ‘Mum lives on her own, carers provide companionship’: how one family found support for a loved one

  16-10-2023 12:36
  
  When a brother and sister realised their elderly mother required more care than they could provide on their own, they decided to bring in professional helpFour years ago, Mark Hornby and his sister Andrea faced a situation that will be familiar to many adults with ageing parents. Their mother, Margaret Wallace, then aged 79 and living alone in a large house just outside St Albans, was becoming increasingly frail as a consequence of Parkinson’s disease and osteoporosis. Because Mark lived n
  
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• ‘It’s such a rewarding job’: three professional carers on why they love supporting clients and their families in their homes

  16-10-2023 12:35
  
  The UK has an ageing population and many older people require assistance at home. Here, three people who provide that care reveal what their roles entail – and why they love the challenges and varietyAfter 40 years in the healthcare profession, Kate Herron could have decided just to enjoy her retirement. Instead the former nurse started a new career as a care professional with Home Instead Down and Lisburn, in Northern Ireland. “My daughters say I’m good at retiring but not ver
  
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• Solar-powered off-road car finishes 620-mile test drive across north Africa

  16-10-2023 09:00
  
  The Stella Terra was designed by students at Eindhoven University of Technology and completed trip without rechargingA solar-powered car said to be the first in the world capable of driving off-road over long distances without recharging has completed a 620-mile (1,000km) test drive across Morocco and the Sahara.The two-seat Stella Terra, designed by students at the Eindhoven University of Technology, completed the journey across a variety of challenging landscapes as part of a final test of its
  
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• We have £10,000 left after a house move – should we save it or overpay the mortgage?

  16-10-2023 08:00
  
  I think overpaying our loan won’t affect our monthly repayment as we’re on a two-year trackerQ After a recent house move we have about £10,000 in savings left over. We’re now on a two-year tracker mortgage while we navigate the uncertain economic times and rates.My question is: would it be best to put the savings we have into a one-year fixed-rate account and benefit from an interest rate of 6%, or just put the cash towards overpaying the mortgage?By saving it we’ll
  
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• UK lost out on £2bn in tax in 2021 as big tech shifted profits abroad, claim campaigners

  16-10-2023 08:00
  
  TaxWatch analysis estimates British arms of seven major tech firms paid £750m in corporation tax instead of possible £2.8bnThe UK might have missed out on as much as £2bn in tax in 2021 from big tech companies shifting their profits elsewhere, according to an estimate by a group campaigning for greater tax transparency.Seven of the biggest US-headquartered tech companies, including Apple, Microsoft and Google owner Alphabet, are estimated to have paid £750m in UK corporat
  
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• Russian diamonds being cut in India – in pictures

  16-10-2023 08:00
  
  The EU plans to limit trade in Russian diamonds in response to the country’s invasion of Ukraine. From 2024, the G7 is expected to introduce a direct ban on the importation of Russian diamonds and will also develop a mechanism for indirect bans that will limit their movement across the border. Eighty per cent of the world’s diamonds are cut and polished in the Indian city of Surat Continue reading...
  
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• ‘Millstone of debt’: how risky investments left Camberley struggling for funds

  16-10-2023 08:00
  
  After bankruptcy of Birmingham, Surrey town’s Lib Dem leader says ‘We can see the iceberg coming’A trickle of shoppers wanders past the faded concrete facade of a former House of Fraser and into The Square, a leaky glass-roofed retail complex that squats in Camberley town centre.“It would be really nice if it was a really good department store, but I think everyone’s shopping online now, aren’t they?” says Kerry Summerley, on the hunt for maternity tight
  
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• I couldn’t stop Parcelforce delivering my £2,000 wedding dress to a scammer

  16-10-2023 08:00
  
  After selling my dress on Facebook Marketplace I realised my mistake but the courier said it couldn’t interveneI sold my wedding dress, worth £2,000, on Facebook marketplace, and it was only after the parcel was collected by Parcelforce that I realised I’d been scammed.It was due to be delivered the following morning and its offices were already shut so I spoke with an agent on the out-of-hours chat and explained it was critical the delivery be cancelled. They promised to put t
  
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• ‘Housebuilders just want the cheapest thing possible’: how futureproof are new-build homes?

  16-10-2023 08:00
  
  Homeowners and renters in new-build properties are frustrated by reliance on gas amid energy crisisThe government’s delays in implementing low-carbon building regulations have benefited housebuilders and property developers by billions of pounds over the last eight years, while UK households shoulder the cost of soaring energy bills amid the energy crisis.The sector, which is a significant Conservative donor overall, has saved at least £15bn since 2015 by building homes to old standa
  
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• Green spaces in poorer parts of England more likely to be built on, study finds

  16-10-2023 08:00
  
  More deprived areas have fewer parks and public places protected by official local green space designationGreen spaces in poorer parts of England are less likely to be protected against being bulldozed and developed than those in more affluent areas, according to a new study.Overall the number of designated local green spaces has increased by more than 700 in the past 12 months. But today’s report, by rural charity the CPRE, reveals that parks, public spaces and small areas of trees in mor
  
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• Digital legacy: how to organise your online life for after you die

  16-10-2023 08:00
  
  A will deals with money and possessions but your online accounts and content matter tooMaking a will enables you to set out what will happen to your money, possessions and property when you die but, in the online era, it’s also important to consider your digital estate.This means everything from PayPal accounts to social media and photos stored in the cloud that may hold financial or sentimental value. Continue reading...
  
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• SUVs emit more climate damaging gas than older cars do, study finds

  16-10-2023 07:00
  
  Exclusive: UK climate campaign group Possible calls for ‘polluter pays’ tax based on vehicle sizeThe increasing popularity of ultra-heavy SUVs in England means a conventional-engined car bought in 2013 will, on average, have lower carbon emissions than one bought new today, new research has found.The study by the climate campaign group Possible said there was a strong correlation between income and owning a large SUV, which meant there was a sound argument for “polluter pays&rd
  
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• Households in Great Britain at risk of losing winter energy help, charity warns

  16-10-2023 07:00
  
  National Energy Action says about 800,000 bill payers missed out on £150 rebate last year after government made changes to schemeHundreds of thousands of struggling households in Great Britain risk missing out on government help to pay their energy bills this winter if they fail to make an application for financial support that opens on Monday, according to fuel poverty activists.About 800,000 bill payers missed out on an energy bill rebate of £150 last winter through the government&
  
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• UK inflation expected to fall to 6.5% in September

  16-10-2023 06:00
  
  Fall from 6.7% in August signals prices are still rising as higher cost of oil feeds throughHeadline inflation eased again in September, official figures are expected to show this week, while pay growth is slowing.Economists polled by Refinitiv expect the Office for National Statistics (ONS) to say annual inflation fell slightly to 6.5% in September from 6.7% in August. However, that is still well above the Bank of England’s 2% target. Continue reading...
  
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• ‘Our health data is about to flow more freely, like it or not’: big tech’s plans for the NHS – podcast

  16-10-2023 06:00
  
  The government is about to award a £480m contract to build a vast new database of patient data. But if people don’t trust it, they’ll opt out – I know, because I felt I had to Continue reading...
  
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• UK house prices rise at slowest post-summer rate since 2008 crash

  16-10-2023 01:01
  
  Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit homeUK house prices are rising at the slowest rate for this time of year since the 2008 financial crash, according to new data that highlights the impact on the housing market of higher interest rates.The average new asking price rose by 0.5% in the month to 7 October to £368,231, but it was the smallest post-summer bump since the 2008 crisis, according to property website
  
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• Water metering should be compulsory in England, advisers likely to say

  16-10-2023 00:00
  
  Exclusive: expert panel will tell government there is no other way to manage higher demand as stress on supplies intensifiesWater metering should be made compulsory for all households in England, the government is likely to be told this week, as water supplies come under pressure from increased demand and more frequent droughts and floods.Strain on the UK’s water networks is increasing under the more extreme weather conditions generated by the climate crisis and, under increasing demand, i
  
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