Financial news

What is Labour’s plan for rail travel and will it make tickets cheaper?

25-04-2024 19:02

Party wants to fully nationalise train network within five years of coming to power, in ‘biggest rail reform for a generation’Labour has made one of its most radical proposals yet in the run-up to an election campaign: to fully nationalise the train network within five years of coming to power.The party has pledged to guarantee the cheapest fares as part of “the biggest reform of our railways for a generation”, bringing all passenger rail into national ownership under the

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Captain Tom Moore’s Bedfordshire house on sale for £2.25m

25-04-2024 15:26

Family lists property where war veteran raised funds during Covid – minus unauthorised spa poolThe listed family home where Captain Sir Tom Moore walked laps of his garden to raise millions of pounds for the NHS during the Covid pandemic has gone on sale for £2.25m.The sight of the 99-year-old war veteran walking lengths of his garden, aided by a walking frame, charmed Britain in lockdown and raised £38.9m for health service charities. Continue reading...

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Barclays profits tumble 12% as UK interest rates hit mortgage demand

25-04-2024 10:54

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year• Business live – latest updatesProfits at Barclays tumbled by 12% in the first quarter, as higher UK interest rates weighed on demand for mortgages and loans while a backdrop of economic uncertainty affected its investment bank.The UK bank said pre-tax profits fell to £2.3bn in the first quarter, down from £2.6bn last year, when it reported the strongest quarterly profit since

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Caring for the elderly? Not with Saga’s 220% price hike

25-04-2024 08:00

Nothing had changed for contents insurance on my London flat but it raised the renewal from £78 to £251I am 92 and live in a fifth-floor flat. The block is very secure, with a concierge and fobs for access to each floor. Last year I insured the contents of my home against fire and flood only, with Saga, for £78 (the building is insured by Islington council for £10 a month). Nothing has changed; but this year my renewal quote is £251.I’m trying to get to the bo

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Car insurance firms agree to crack down on ‘poverty premium’

25-04-2024 06:01

UK insurers say they will aim to stop monthly payments falling hardest on those who can least afford itInsurers have promised to clean up their act after coming under fire over the “poverty premium”, whereby customers who cannot afford to pay for car insurance in one go are charged punitive interest to spread the cost.The Association of British Insurers (ABI) said its members had agreed to an action plan aimed at managing the cost of paying monthly for motor insurance. The pledges in

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