Financial news

• Goldman Sachs pay pot for bankers surges by more than 20%

  26-05-2024 18:47
  
  First-quarter earnings show £580m pool, reflecting increase in share price as bonus cap scrapped in UKLondon bankers at Goldman Sachs have seen their pay pot jump by more than 20% so far this year, as the bank’s surging share price added to the prospect of bumper payouts after bonus caps were lifted in the UK.Filings covering Goldman Sachs International’s (GSI) first-quarter earnings show that it built up a $735m (£580m) pay pool in the three months to March, averaging ou
  
  Read more

• I did ‘fit for work’ tests for the DWP. Here’s what I found | Letters

  26-05-2024 18:03
  
  Dr Giles Youngs says it was hard to assess claimants’ fitness for work, especially when it came to their mental health. Plus a letter from Ian HendersonI welcome the Equality and Human Rights Commission’s decision to investigate “fit for work” tests (Inquiry to begin into DWP’s treatment of ill and disabled people on benefits, 22 May). After retiring in 2002 from a career in hospital medicine, for the next 10 years I was a part-time medical examiner for the Departme
  
  Read more

• Rachel Reeves says Labour would not return country to austerity

  26-05-2024 16:53
  
  Shadow chancellor rules out income tax and national insurance rises and says manifesto will have no unfunded proposalsUK politics live – latest updatesRachel Reeves vowed that there would be no “return to austerity” under a Labour government as she ruled out increases to income tax or national insurance. On the first weekend of the general election campaign, the shadow chancellor said she and Keir Starmer wanted taxes on working people to be lower.Pressed on how Labour would fu
  
  Read more

• ‘I’m an inheritance tax expert - this is what you need to know about gifts and trusts'

  26-05-2024 15:56 via express.co.uk
  
  Inheritance tax liabilities can be avoided if there was more awareness of the gifting rules, an expert has said.
  
  Read more

• Advertisement

• Octopus energy tariff sees customer's electricity bill 'average £0'

  26-05-2024 13:37 via express.co.uk
  
  EXCLUSIVE: Octopus Energy customers under this tariff have made "significant savings" on their energy bills so far.
  
  Read more

• No party has won five elections in a row, and Tories won’t be the first | Larry Elliott

  26-05-2024 12:43
  
  The economy is growing again and inflation is only just above government’s 2% target, but it is all too little, too lateWinning five elections in a row is something no party has managed in modern times, and there are reasons for that.Voters tire of the ruling party and want something new and fresh. Even more importantly, being in power for a long time increases the chances of bad stuff happening that tarnishes the government’s reputation. In the last 50 years, there has been a recess
  
  Read more

• Unions help US workers. Could the same model work for tenants?

  26-05-2024 12:00
  
  Collective bargaining has brought benefits to workers – now it’s being used to improve living conditions and fight rent increasesOn a recent Friday night in San Jose, California, a small group of Spanish-speaking renters sat in the clubhouse of their apartment complex wondering whether the room was bugged. “Let them listen,” said a young man, with a dismissive gesture.They were meeting to strategize about forming a tenants’ association to bargain collectively with t
  
  Read more

• A ‘two-speed’ economy could hit your investments - here's one thing you can do now

  26-05-2024 10:48 via express.co.uk
  
  Global, desynchronised monetary policies are calling for investors to err on the side of caution.
  
  Read more

• Advertisement

• Brits have just weeks to beat Starmer tax raid - expert names four things you must do now

  26-05-2024 10:20 via express.co.uk
  
  Rishi Sunak's snap general election gives families less than six weeks to sort out their personal finances ahead of a likely Labour Party victory on July 4.
  
  Read more

• Gas bills could rise by £1,000 for millions in UK under new energy proposals

  26-05-2024 09:54 via express.co.uk
  
  Low-income families, which account for almost half of gas households, would be hit the hardest by the move.
  
  Read more

• Huge payouts in prospect for ‘robber barons’ who won bitter battle for GKN

  26-05-2024 09:00
  
  Fears for what Melrose might do to the historic engineering firm did not all come to pass, but more anger is now in prospectSnow lay thick on the ground in Westminster as demonstrators carrying a large banner reading “Stop the GKN takeover” marched on ­parliament. It was February 2018, and, inside, Telford MP Lucy Allan was pledging to protect jobs at the historic engineering company, in the face of its hostile takeover by buyout specialist Melrose.Six years on from one of the mo
  
  Read more

• Overpaying a mortgage by £100 could save you upwards of £25,000 - here’s what to consider

  26-05-2024 08:21 via express.co.uk
  
  A money expert explains how people can make "significant savings" on their mortgage loans if eligible to do so.
  
  Read more

• Job ads aimed at the ‘benefits class’ may be well-meant, but smack of contempt

  26-05-2024 08:00
  
  Attempts by cultural organisations to increase social diversity instead echo the Victorians’ demonisation of the ‘lower orders’Imagine the scene. It’s a small organisation within the creative industry – an arts centre, perhaps, or a theatre group. Around a table sit people trying to craft a job ad for a senior management role. All recognise the need for increasing diversity, to encourage applications from social groups unrepresented within the organisation.“On
  
  Read more

• US puts the boot into Doc Marten's profits

  26-05-2024 07:01 via express.co.uk
  
  Iconic bootmaker Dr Martens is expected to say its annual pre-tax profits have dived more than 40 per cent on Thursday, primarily due to tough trading in the US.
  
  Read more

• Hospitality app Brigad looks to grow outside of London

  26-05-2024 07:01 via express.co.uk
  
  Specialist hospitality workers recruitment platform Brigad is planning to expand outside of London and into the other major cities, UK managing director Nicholas Ferrary says.
  
  Read more

• Brands being abused on industrial scale by cyber criminals, warns think tank

  26-05-2024 07:01 via express.co.uk
  
  Cyber criminals are "weaponising" top brands to snare victims, featuring brand names in 97 per cent of their scams, according to IT think tank, the DNS Research Foundation.
  
  Read more

• Sunak dashed for July election because hopes of UK economic recovery are fading

  26-05-2024 07:00
  
  Prime minister knows economy is likely to be in even worse shape by autumn or winter, but summer’s good news won’t impress a battered publicThere was an economic logic to Rishi Sunak’s election dash, a decision that defied earlier predictions of a vote in the autumn or even winter. The prime minister could see that hopes of a recovery were fading, and with them his chances of redemption as the architect of Britain’s future prosperity.Unemployment was going to ­continu
  
  Read more

Follow @financialnwsUK on Twitter!