Financial news

• MPs warn banking chiefs not to 'frustrate' PPI claims

  07-11-2023 23:01 via express.co.uk
  
  MPs have warned banking chiefs not to "frustrate" legitimate legal cases being pursued as part of a new wave of Payment Protection Insurance claims.
  
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• Martin Lewis 'giant baboons' warning as Britons face insurance price surge

  07-11-2023 22:42 via express.co.uk
  
  Money saving expert Martin Lewis has warned people never to allow their insurance plans to auto-renew as both car and home plans surge.
  
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• Relief for homeowners as mortgage rates likely not to rise after Bank of England decision

  07-11-2023 19:33 via express.co.uk
  
  Homeowners have been straddled with constant rises in mortgage rates in recent years but this appears to be ending soon.
  
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• UK food inflation may be gone by Easter, claims boss of major retailer

  07-11-2023 19:01
  
  Upbeat comments by Associated British Foods CEO come as grocery price rises fall to single digits for first time in 18 monthsFood inflation could be all but gone by Easter, according to the owner of Kingsmill bread, Twinings tea and Silver Spoon sugar – as long as there are no further shocks to the global system.George Weston, the chief executive of Associated British Foods (ABF), which also owns the Primark budget clothing chain, said: “Food price inflation hit 20% last year and by
  
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• To pay for pensions and care, tax those who are really rich, not older homeowners | Letter

  07-11-2023 18:54
  
  Rowan Adams responds to Polly Toynbee’s suggestion that ‘the money is right there for the taking, in wealthy pensioners’ assets’Polly Toynbee says that to pay for pensions and care, “the money is right there for the taking, in wealthy pensioners’ assets” and that “one in five over-65s live in households with assets worth more than £1m” (During Covid, callous Tories knew this about old people: they’re very expensive, 3 November).Bu
  
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• A truer picture of how much childcare costs parents in England | Letter

  07-11-2023 18:54
  
  Alison Smith says the idea that the government offers any kind of meaningful help to parents, especially mothers, who are interested in maintaining their careers is laughableI applaud you for attempting to quantify the costs of childcare for your readers, but your calculator is undercounting the true amount (How much parents have to spend in England – interactive calculator, 6 November).Begin with the fact that your calculator tops out at 50 hours a week. Unfortunately, the brutal reality
  
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• Married couples could be eligible for £252 savings boost from HMRC - how to apply

  07-11-2023 18:40 via express.co.uk
  
  Marriage Allowance is a popular HMRC benefit which can bolster a household's savings significantly.
  
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• Loan comparison site for people with bad credit scores launches in the UK

  07-11-2023 18:15 via express.co.uk
  
  Up to 1.8 million people search ‘Bad credit' on Google every month, research shows.
  
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• Relief for homeowners after “debt” cleared and meter reading rectified - The Crusader

  07-11-2023 17:56 via express.co.uk
  
  A £765 debt collection demand for unpaid gas and electricity charges was the last thing a couple were expecting after tenants left a house they owned and the property stood empty before being sold.
  
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• Worst region for house price drops in UK with average plunge of £24,000 since last year

  07-11-2023 16:03 via express.co.uk
  
  UK house price resilience in October appears to be a "regional affair" as some areas saw prices plummet up to six percent annually.
  
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• Send parcel scams packing – The Crusader

  07-11-2023 16:00 via express.co.uk
  
  As the time for snapping up shopping deals ahead of the festive season approaches, fraudsters are out in full swing peddling fake delivery messages.
  
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• Pension Reform Bill 'noticeably absent' from King Charles's speech opening Parliament

  07-11-2023 15:25 via express.co.uk
  
  The omission of pensions from the King's Speech today means the government is severely limited as to what can be achieved this side of the General Election.
  
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• Thousands of families and pensioners to get £100 cost of living payment this month

  07-11-2023 11:22 via express.co.uk
  
  The money will go out as a cash payment to help families struggling to pay their bills.
  
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• Under 30s in the UK: has your consumer behaviour changed, and if so, why?

  07-11-2023 10:19
  
  We’d like to hear about whether you have adjusted the way you shop and consume, and your views on economic growthWe’re keen to hear from people aged 30 and under in the UK about whether they have noticed changes in their consumer behaviour and attitudes, and if so, what these look like and what has inspired them.We’re interested to hear whether young people are trying to be more frugal, or more conscious of the environment, social justice or other political causes when shopping
  
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• UK house prices rise for first time since March amid supply shortages

  07-11-2023 09:10
  
  Market likely to fall in short term amid high interest rates and living cost pressures, says HalifaxBusiness live – latest updatesUK house prices rose last month after a run of six monthly falls as sellers adopted a cautious attitude, leading to a shortage of homes on the market.The average price of a property rose to £281,974 in October, up 1.1% from September, an increase of almost £3,000 and the first time prices have gone up since March. Compared with October last year, pri
  
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• Ovo tells my 95-year-old mother she owes £31,554

  07-11-2023 08:00
  
  It was first discovered when her SSE account was moved over, then the amount kept fluctuatingAt 95, my mother has never switched electricity supplier, and we were not expecting much to change when her account moved over from SSE to Ovo.She has lived in the same small bungalow since 1949, and when I received an email in August about the changeover, I followed the instructions and created an online account. But when I logged in, it showed she owed £31,554. Continue reading...
  
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• UK recession fears grow as shoppers cut spending ‘to save for Christmas’

  07-11-2023 01:01
  
  Drop in retail sales also because of consumer worries over high energy bills and mortgages, surveys suggestFears that the UK is heading for a recession this winter have intensified amid signs Britain’s hard-pressed households are cutting spending as they save for Christmas and higher fuel bills.Two monthly snapshots of retail activity found shops and online outlets struggling because of consumer budgets being squeezed by dearer mortgages and the UK’s lingering cost of living crisis.
  
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