Financial news

• Ted Baker risks falling into administration with hundreds of jobs set to go

  19-03-2024 21:23 via express.co.uk
  
  The high street fashion chain is poised to fall into administration, after promised investment from Dutch retail group AARC failed to materialise.
  
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• Expert reveals the 3 groups most likely to get into debt as Brits 'pressured' to spend

  19-03-2024 18:11 via express.co.uk
  
  Research found that 32 percent of adults are pressured to spend more than they can afford - as three specific groups of people have been identified as the most likely to fall on hard times financially.
  
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• Top 20 ways Brits compare themselves to colleagues - like work ethic and dress sense

  19-03-2024 17:19 via express.co.uk
  
  More than a tenth even compare themselves to how fit other people are - with over half saying this is negatively impacting their mental health.
  
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• Car loans probe forces merchant bank to bolster finances

  19-03-2024 16:31 via express.co.uk
  
  Merchant bank Close Brothers has launched a £400million plan to build up its balance sheet in case it has to compensate former car loans customers for overcharging them.
  
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• HMRC to close its self-assessment helpline for six months a year

  19-03-2024 16:26
  
  Tax office also plans to scale back other helplines, including for VAT and PAYE, in move to ‘online self-service’HM Revenue and Customs has caused an outcry after announcing it will close a key helpline for six months a year and scale back other phone lines – weeks after it was criticised for its poor customer service.One senior MP said the tax office, which has been struggling to cope with demand, leaving users regularly facing long call-waiting times, had now chosen “to
  
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• Andrew Bailey may have left it too late to cut interest rates, warns Citi expert

  19-03-2024 16:18 via express.co.uk
  
  Members of the Bank's Monetary Policy Committee are meeting on Thursday to decide whether to cut the base rate from its 16-year high of 5.25 percent.
  
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• Builder Crest Nicholson predicts fewer new homes this year

  19-03-2024 15:14 via express.co.uk
  
  Crest Nicholson says that the number of houses it will build this year could fall by up to 11 percent due to soft demand, despite a pickup in activity since January.
  
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• Bills discount scheme update - see if you can halve your mobile and broadband costs

  19-03-2024 15:03 via express.co.uk
  
  Now is a good time to check if you are eligible as bills are increasing from next month.
  
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• Unilever to serve up Walls and Magnum ice cream stock market flotation

  19-03-2024 14:51 via express.co.uk
  
  Unilever is to float its ice cream division, home to Walls and Magnum, on the stock market and cut 7,500 jobs to boost returns and simplify the business.
  
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• Santander launches £185 switching bonus - here's how you can get the money

  19-03-2024 14:04 via express.co.uk
  
  The deal is only open to certain banking customers and sign-ups must be carried out in a specific way.
  
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• Bills warning as yet another rise looms for cash-strapped Britons - here's why

  19-03-2024 13:25 via express.co.uk
  
  A spending splurge that totals £60billion across the energy sector is set to be passed on to customers in the form of rising bills.
  
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• The end of landlords: the surprisingly simple solution to the UK housing crisis

  19-03-2024 11:00
  
  Mass-scale housebuilding isn’t necessary – there is already enough housing stock. But we need to learn the wisdom of the last century when it comes to landlordismSpeaking against his own government’s renters reform bill last autumn, the Tory grandee Sir Edward Leigh told MPs: “I was able to buy my first house – although it was a bit of a struggle – for £25,000. The opportunities for young people are so difficult now”. Younger people are “over
  
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• ‘It’s been rocky – but childcare is a silver lining’: how one UK family copes with soaring living costs

  19-03-2024 11:00
  
  The Dalys in Norwich say budget made little difference and they are sticking to cost-saving measures“I think we’ve got used to it,” says Jess Daly with some resignation of the experience of juggling family finances in a cost of living crisis that is now into its third year.The latest UK inflation data for February is due out on Wednesday, with analysts expecting the headline rate to fall to 3.5%. In January the figure remained unchanged at 4%, as rising gas and electricity bill
  
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• How to successfully buy a home at a UK property auction

  19-03-2024 08:00
  
  A winning bid is legally binding, so it is crucial to do your homework and keep a cool headProperties are sold at auction all over the UK by a variety of people and bodies, including receivers, local councils and investors. Continue reading...
  
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• From ocean to plate: the female-led seaweed company – from the agencies

  19-03-2024 08:00
  
  Lofoten Seaweed in Norway creates products for everyone from home cooks to professional chefs. Seaweed including nori, grass kelp, knotted wrack, truffle seaweed, among many other local species, are used in different sectors of the food industry to replace condiments, or provide alternative flavours Continue reading...
  
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• After 40 years driving, DVLA now says my mother never passed a test

  19-03-2024 08:00
  
  When she renewed her licence at 70, the Driver and Vehicle Licensing Agency sent her one for a moped instead of a carJust before her 70th birthday, my mother sent the paperwork to renew her driving licence. But instead of a full car licence, the Driver and Vehicle Licensing Agency (DVLA) issued her with one for a moped. She has never ridden a moped in her life.She assumed this was an administrative error and complained. However, the DVLA said it had no record of her passing a category B (car) dr
  
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• Childcare expansion in England may not meet parents’ expectations, says charity

  19-03-2024 06:01
  
  Survey by Coram found nursery costs and dwindling places will put pressure on government plansRishi Sunak’s plans to expand childcare provision in England are at risk of not living up to parents’ expectations as nursery costs surge and available places dwindle, a charity has warned.The cost of 25 hours a week for a child under two has risen by 7% on 2023, with the most expensive area being inner London where the average cost is £218 a week, the latest annual survey of the Coram
  
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• ‘Sneaky’ fees add up to 25% to UK music ticket prices, says Which?

  19-03-2024 01:01
  
  Consumer body calls for a crackdown on ‘bewildering’ range of extra charges at big ticketing sitesLive music fans are losing out because of an array of “sneaky” fees that can add up to 25% to the cost of concert and festival tickets, research from the consumer body Which? has found.With booking open for big summer gigs, the lobby group has called for a crackdown on the “bewildering” range of extra charges that some of the UK’s biggest ticketing websites
  
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