Financial news

• Cost of UK passports to rise for second time in 14 months to up to £100

  10-04-2024 16:44
  
  Fee rises by 7% to £88.50 for adult online application, while applying by post will cost £100The cost of a new or renewed UK passport is going up again for the second time in 14 months – rising by 7% to £88.50 for an adult online application from Thursday.Thursday’s rise follows a 9% price hike to £82.50 in February last year. Before that increase, passport fees had not changed for five years and a standard adult online application cost £75.50, or £
  
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• Fined £6,000 for tiny mistake: carer penalised for extra shift at supermarket

  10-04-2024 15:38
  
  Helen Grater claimed carer’s allowance while looking after seriously ill partner – and unknowingly exceeded earnings thresholdIn the spring of 2018, Helen Grater’s world began to fall apart. Her partner, Mark Young, then 55, had been diagnosed with throat cancer. He also had lung disease. He was dying and desperately needed her care.Grater took unpaid leave from her low-paid job at Sainsbury’s and drew £64.80 a week in carer’s allowance so she could look after
  
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• DT Cloud Acquisition Corporation Announces Upcoming Automatic Unit Separation

  10-04-2024 15:00 via globenewswire.com
  
  New York, New York, April10, 2024(GLOBE NEWSWIRE) -- DT Cloud Acquisition Corporation (Nasdaq: DYCQU) (the “Company”) announced today that, commencing Friday, April 12, 2024, holders of the units sold in the Company’s initial public offering of 6,900,000 units (the “Units”) may commence separate trading of the underlying component securities. Each Unit consists of one ordinary share, par value $0.0001 per share (“Share”), and one right to receive one-sev
  
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• Briton and French wife face £11,000 Brexit visa bill to return home to UK

  10-04-2024 14:00
  
  Stephen Kaye has Parkinson’s but couple blocked from Britain despite having paid taxes thereA British man with Parkinson’s disease and his wife living in France say they have been left stranded on the continent because of “insulting” post-Brexit immigration rules.They worked and paid taxes for decades in the UK but say they have had the “door slammed in our faces” and have been told they must pay £11,000 if they want to return. Continue reading...
  
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• More public spending is within Labour’s grasp – here’s how it could find an extra £90bn a year | Richard Murphy

  10-04-2024 11:00
  
  Five simple policy ideas could generate billions for a Labour chancellor and end the threat of continued austerityRichard Murphy is professor of accounting practice at Sheffield University Management School and director of Tax Research LLP“How are you going to pay for it?” Over the past 14 years, it would seem that no other question has been so destructive for British society. That is because the vast majority of the country’s leading politicians still seem to believe that addi
  
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• Savers warned about ‘disastrous consequences’ of making simple pension mistake

  10-04-2024 09:56 via express.co.uk
  
  Certain savings should be the "last asset" savers touch, an expert has said.
  
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• Pensioner tax blitz begins - here's how HMRC is targeting your income now

  10-04-2024 09:27 via express.co.uk
  
  More than nine million pensioners face an income tax bill over the next 12 months. For many, the tax demand will come out of the blue and they may not have money to pay it.
  
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• HMRC pension tax warning as last-minute rule change branded 'shambles'

  10-04-2024 09:17 via express.co.uk
  
  HMRC has been forced to issue a warning to savers after a last-minute change to its new pension tax system, which has seen the Lifetime Allowance scrapped for a lower limit on lump sum payment.
  
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• DWP claimants warned to take action or they risk losing these benefit payments

  10-04-2024 09:14 via express.co.uk
  
  The Department for Work and Pensions is writing to the 500,000 individuals to alert them to the fact they will be receiving so-called Migration Notices.
  
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• NS&I responds after Premium Bonds customer raises alarm over 'dodgy' password issue

  10-04-2024 08:55 via express.co.uk
  
  They called up the provider but the line was bad and they were worried given the information they were asked for.
  
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• Home buying crisis with 80% surge in first-time buyers relying on financial gifts

  10-04-2024 08:42 via express.co.uk
  
  Almost half of first-time buyers now rely on handouts from the bank of mum and dad and other relatives to get a foot on the property ladder.
  
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• The DWP benefit people can claim even if they own house and have savings

  10-04-2024 08:30 via express.co.uk
  
  The DWP is urging people to check if they or a relative is eligible for Pension Credit - with an estimate 800,000 people who should be getting it thought to be missing out.
  
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• I’m a victim of scammers. But Revolut says ‘no’ to a refund

  10-04-2024 08:00
  
  The company seems to hold me entirely responsible for the fact £40,000 was stolenI desperately need help after ­falling victim to a scam resulting in my Revolut business account being emptied of £40,000. The company is refusing a refund.It happened in February while I was staying up a mountain in Italy with no internet and a poor mobile phone signal. I declined a call from a hidden number, then took a call from my accountant asking me to pick up the phone to Revolut because there
  
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• 'I'm a finance expert - here's why WASPI women may struggle to get DWP compensation'

  10-04-2024 07:00 via express.co.uk
  
  EXCLUSIVE: A report from the Ombudsman suggested payouts between £1,000 to £2,950.
  
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• Profits over pipes: who should own our water? - podcast

  10-04-2024 04:00
  
  Thames Water owes hundreds of millions of pounds in debt, and the UK government is concerned about its potential collapse. Helena Horton reportsThames Water, the UK’s biggest water company, which services 16 million people across the south of England, is facing criticism over its management.Kemble, the parent company of Thames Water, told its creditors last week that it had defaulted on its debt. Amid fears that the company will collapse, the government is considering options for next step
  
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• Paying bills a struggle for 7.4 million UK consumers, regulator finds

  10-04-2024 01:01
  
  FCA survey tracking bills and credit repayments in January shows many still weighed down by cost of living More than 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to a financial regulator.The figure is less than last year but is still significantly higher than before the cost of living crisis began. Continue reading...
  
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• Millions still living month to month with these four groups worst affected financially

  10-04-2024 01:01 via express.co.uk
  
  Against the background of the cost of living crisis, FCA research found 60 percent of households with an income of under £15,000 a year are struggling.
  
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