Financial news

• Chinese ‘state-affiliated’ organisations behind cyber-attacks on MPs and Electoral Commission, Dowden says – as it happened

  25-03-2024 19:03
  
  Deputy PM says international partners, including the US, will also be making statements today about similar Chinese cyber-attacks. This live blog is closedChinese hackers targeted UK’s Electoral Commission and politicians, say security services
  Andrew Bowie, the energy minister, said the government should have revived investment in nuclear energy “years ago” in an interview this morning.While doing an interview round on behalf of the government, Bowie told Times Radio that the
  
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• Incomes rise by more than inflation in welcomed household budget boost

  25-03-2024 16:35 via express.co.uk
  
  The amount of disposable income that each average household has left after covering essentials is up by £18.56 on a year ago to £231, according to the Asda Income Tracker.
  
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• Britons driven off the road as car insurance surges by 46%

  25-03-2024 16:09 via express.co.uk
  
  Insurers insist the rise is driven by increases in the cost of spare parts, energy, and hiring specialist mechanics.
  
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• Energy price cap: Ofgem considers varying cost based on time of day

  25-03-2024 14:20
  
  Regulator for Great Britain launches consultation on options including ‘dynamic’ pricingBusiness live – latest updatesThe watchdog Ofgem is to consider introducing a new “dynamic” price cap based on the time of day British households use their energy.The energy regulator for Great Britain launched a consultation on Monday on a range of options for the future of the price cap, including a “more dynamic cap” with “time-of-use dependent unit rates to
  
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• It’s daylight e-robbery: how entrepreneurs feel powerless as their work is ripped off

  25-03-2024 10:00
  
  It’s no longer just familiar designer goods that are faked. Counterfeiters now spread their net much widerAfter years of dealing with mental health issues, Kelly Robinson-Key found writing poetry helped her through the dark times. From there has emerged a cottage industry based around her inspirational “pocket poems”.But now the Wales-based poet has found herself “mentally drained” from fighting waves of counterfeit products that have copied her work, and are freque
  
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• Three years on, Football Index users are still trying to get their money back

  25-03-2024 09:00
  
  Some customers had five- or six-figure sums trapped when it collapsed in 2021 and say the site was not regulated properlyIn March 2021, the gambling website Football Index – the self-styled “stock market” of football – encountered the last of several crashes in the “share” prices on its exchange and then collapsed into administration, with at least £100m of customers’ money in “open bets” trapped inside. Many of its users suffered life-
  
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• HMRC’s bill looks like a scam, but it’s impossible to check

  25-03-2024 08:00
  
  I can’t find a way to sort out an overdue tax demand, for a sum I don’t think I owe, with a mystery telephone numberI have received a “simple assessment” invoice from HMRC. The letter demands overdue tax from 2018, but I have never received any prior communication about this, and my tax is deducted at source. I feared it might be a scam since the phone number on the letter does not match any of those listed on HMRC’s website. The obvious solution was to check with H
  
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• First-time buyer schemes: five ways to get on the UK property ladder

  25-03-2024 08:00
  
  From shared ownership to rent to buy, we look at the schemes aimed at helping you own a homeHow to pick a mortgage and the best UK dealsDiary of a first-time buyer: ‘At last I’m a homeowner’How to get yourself mortgage readyThere are a range of schemes geared towards helping first-time buyers. Here’s the lowdown on the main ones. Continue reading...
  
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• I bought a vehicle from a used car yard. More and more problems emerge with it. What can I do?

  25-03-2024 03:46
  
  Australia has a widespread problem with lemon cars, writes consumer law and policy professional Kat George. But resolving your issues will be an uphill battleI bought a vehicle from a used car yard but after a few days I noticed it was in a bad state with issues such as oil leaks and bad suspension. The seller was contacted but wouldn’t answer the phone. Engine troubles then presented themselves. Fair Trading became involved and I was without a vehicle for four months. After retrieving the
  
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• UK housing is ‘worst value for money’ of any advanced economy, says thinktank

  25-03-2024 01:01
  
  British properties are ‘expensive, cramped and ageing’ compared with other similar economies, says Resolution FoundationThe UK’s “expensive, cramped and ageing” housing stock fares poorly compared with other advanced countries, analysis by a thinktank suggests.Households are paying more than other countries – but getting less in return, the Resolution Foundation said. Continue reading...
  
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