Financial news

• DWP confirms who is eligible for £550 Household Support Fund payments

  08-06-2024 17:01 via express.co.uk
  
  The fund has been extended until the end of September and will benefit thousands across the country.
  
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• Why some inheritance regimes are more unequal than others

  08-06-2024 17:00
  
  Wealth matters, but its effects on long-term growth can be surprisingly complicated, new research findsWealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financia
  
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• British Gas 'billing chaos' as customers sent demands for £2,000

  08-06-2024 16:15 via express.co.uk
  
  Many of the problems appear to be linked to the transfer of the accounts to a new billing system.
  
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• Warning that Labour could impose a 'death tax' on pensions with inheritance rule change

  08-06-2024 13:43 via express.co.uk
  
  Currently, any money held in a pension pot is not included in a person's estate when they die which means it cannot be hit with what has been described as Britain's "most hated tax".
  
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• Britons shocked by holiday spending bills - jumps in the cost of ice cream and booze

  08-06-2024 12:38 via express.co.uk
  
  Britons travelling overseas this year have been caught out by the impact of inflation with popular purchases, such as ice creams and drinks, much more expensive than expected.
  
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• Households warned of £800 tax bombshell no matter who wins General Election

  08-06-2024 12:10 via express.co.uk
  
  The figure has been based on a calculation of decisions made in the last Parliament before the election was called by Rishi Sunak.
  
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• Forget the election – UK economy to be wiped out by $34trillion debt we don’t even owe

  08-06-2024 12:00 via express.co.uk
  
  We all know the UK has a serious financial problem with the national debt at a record high. Now we may be on the hook for another country's debt, too. It could sink us.
  
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• Stamp duty 'to be abolished' for buyers of 200,000 households

  08-06-2024 11:23 via express.co.uk
  
  The pledge to permanently get rid of the property tax is expected to be included in the Tory Party's manifesto in a bid to win over those trying to get onto the property ladder.
  
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• Young people far more likely to be scammed on holiday than the older generation

  08-06-2024 11:00 via express.co.uk
  
  Over a third of travellers aged 18-35 admit they've been scammed on holiday in the last year compared to just 2 percent of holidaymakers aged over 55.
  
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• Beware WhatsApp and fake listings: how to avoid holiday fraud

  08-06-2024 10:00
  
  From phantom villas to too-good-to-be-true offers, here’s how to make sure your booking is the real thingCan you imagine arriving in a small Greek village after a long flight and bus transfer, only to find out that the luxury villa you and your family were expecting to spend the next two weeks in – and spent £5,000 on – simply does not exist?Some holidaymakers are poised to find themselves in exactly that position this summer, and many more holidays will be ruined as peop
  
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• HMRC probe warning as Labour prepares to unleash AI robot spies on your tax return

  08-06-2024 08:41 via express.co.uk
  
  There will be no hiding place from the taxman whoever wins the general election on July 4 as both parties are lining up a major expansion of tax investigations, experts warn. But Labour will really go for it.
  
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• Water firm seizes stake in Devon sewage protester’s home over unpaid bills

  08-06-2024 08:00
  
  Imogen May has withheld payments since 2019 and is thought to be one of thousands boycotting water chargesSouth West Water has taken a legal stake in a customer’s home after she withheld her bill payments in a protest over sewage dumping in rivers and the sea.Thousands of water company customers are thought to be withholding payments but this is the first known case of a company enforcing a claim against a customer’s home. Continue reading...
  
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• Tax rises of £800 a year coming whoever wins UK election, thinktank finds

  08-06-2024 08:00
  
  Neither Labour nor Tories have committed to axing already announced rises, Resolution Foundation warnsGeneral election live: latest updatesTax rises “hiding in plain sight” that will cost UK households an average of £800 a year are already on the way whoever wins the general election, a leading thinktank has warned.While the Conservatives and Labour argue about what levies the other would introduce in power, the Resolution Foundation has warned that already announced measures w
  
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• ‘It’s causing lost sleep’: British Gas sends out bills showing 1,000% price rise

  08-06-2024 08:00
  
  Some households received demands for nearly £2,000 for a month after problems with supplier’s IT upgradeAlison Woods lives frugally by herself in a two-bedroom flat, but as far as British Gas is concerned she is burning through enough energy to fuel a cannabis farm. The estimated readings on the quarterly bill that arrived in March were up by 1,000% on the same period last year. At nearly £2,000, the cost was more than the average household pays in a year, according to Ofgem es
  
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