Financial news

• Martin Lewis sends warning to millions of drivers as one mistake will cost thousands

  21-05-2024 19:28 via express.co.uk
  
  Martin Lewis has issued a warning about a supposed car insurance hack that some drivers are using.
  
  Read more

• Support parents who choose to care for their children at home | Letter

  21-05-2024 18:59
  
  Sam Hardy says it’s unfair for financial assistance to be offered solely to those who return to workA sustainable and fair funding model for all types of childcare is important (All parents, working or not, should have access to childcare, say experts in England, 16 May). However, in its report, the Early Education and Childcare Coalition (EECC) neglects a great unfairness of the current model – those who choose to care for their children themselves receive no financial support.As th
  
  Read more

• Three years of pain: how inflation drove the UK cost of living crisis

  21-05-2024 18:29
  
  With prices forecast to increase at their slowest pace since 2021, we look at the biggest risers in goods and servicesAfter three long years of feeling the pinch, UK consumers finally look likely to get some relief from surging prices on Wednesday, when the Office for National Statistics releases its inflation figures for April. The data is widely expected to show that prices are rising at the lowest rate since summer 2021.Inflation of about 2% is significant for economists, marking a long-await
  
  Read more

• Current and future chancellor face tough choices after IMF report on UK economy

  21-05-2024 18:25
  
  Body says £30bn fiscal gap cannot be filled by higher growth or extra borrowing. So how will No 11 ease pressure on public finances?A report that tells the UK government it faces a £30bn funding gap that cannot be filled by higher growth or extra borrowing is a blow to both the current chancellor and the next one.Tuesday’s International Monetary Fund assessment of the UK economy and Whitehall spending argues that betting on the economy revving up over the rest of the decade wil
  
  Read more

• Advertisement

• Will AstraZeneca be the UK’s first £200bn company?

  21-05-2024 17:56
  
  The former pharma laggard is in a race with Shell to be the first FTSE 100 stock to be valued at £200bnThe last time the AstraZeneca chief executive, Pascal Soriot, set long-term sales targets, he was greeted with a chorus of scepticism. It was 2014 and the company was fighting a takeover attempt by Pfizer of the US; Soriot seemed to be engaging in that age-old defence trick of throwing out a large number that he probably would not be around to deliver. A target to boost revenues by three-
  
  Read more

• Travelodge seeing signs of improvement after subdued growth in the first quarter

  21-05-2024 16:46 via express.co.uk
  
  Budget hotel chain Travelodge says its first quarter revenues are up 3.5% to £205.5million due to resilient demand from business travellers and holiday makers.
  
  Read more

• Chairman of Cult Beauty and LOOKFANTASTIC owner THG must go says activist investor

  21-05-2024 16:26 via express.co.uk
  
  Activist investment group Kelso is looking to oust THG chairman Charles Allen, for failing to tackle the online health and beauty retailer's low share price and structural problems.
  
  Read more

• One in five adults say fear of numbers is holding them back from saving money

  21-05-2024 16:20 via express.co.uk
  
  A study of 3,000 adults found 20% of Brits avoid dealing with numbers in everyday scenarios, such as calculating discounts due to their fear
  
  Read more

• Advertisement

• DWP and HMRC benefit payment dates for June 2024 - from Universal Credit to PIP

  21-05-2024 16:05 via express.co.uk
  
  Benefit payment dates change depending on the type a person receives.
  
  Read more

• Mastercard and Visa charges see payments watchdog take aim at card giants

  21-05-2024 16:01 via express.co.uk
  
  Mastercard and Visa have been able to hike their card payment processing fees by 30 percent over the past five years because the market is broken, the Payment Systems Regulator says.
  
  Read more

• Millions of DWP claimants set to get unexpected payment this week

  21-05-2024 15:29 via express.co.uk
  
  The DWP will be making an early payment to millions of Universal Credit claimants this week, as the department makes a key change to its payment dates
  
  Read more

• Martin Lewis demands DWP 'stops' rule that makes people pay thousands back

  21-05-2024 13:50 via express.co.uk
  
  The earnings limit while claiming Carer's Allowance is currently just £151 a week after tax, National Insurance, pension contributions and allowable expenses.
  
  Read more

• HMRC fraud alert as man pays tax on money he never earned and waits months for response

  21-05-2024 13:33 via express.co.uk
  
  He tried calling the HMRC helpline about the issue but kept getting cut off.
  
  Read more

• Childcare vouchers firm won’t refund £2,800 accrued since pandemic struck

  21-05-2024 08:00
  
  I didn’t reduce my monthly payments and my employer switched to permanent home workingDuring the pandemic I did not reduce my monthly payments for childcare vouchers. As a result I have nearly £2,800 in my tax-free childcare account. I now work remotely and don’t need them but have been told I can’t get a refund.I was paying the maximum £243 a month via salary sacrifice into my KiddiVouchers account. This worked until Covid hit but my employer has switched to perman
  
  Read more

Follow @financialnwsUK on Twitter!