Financial news

• Labour election victory would be ‘net positive’ for markets, says JP Morgan

  10-06-2024 16:35
  
  Win would benefit banks, builders and supermarkets, say analysts, showing appeal of ‘centrist platform’ for CityUK general election live – latest updatesA Labour election victory will be a “net positive” for financial markets, strategists at the US bank JP Morgan have said, in an analysis that underlines the appeal of Keir Starmer’s “centrist platform” to the City of London.A majority for Labour would benefit banks, builders and supermarkets, analy
  
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• Post-Brexit ‘mess’ as Italian driver’s lorry held for 55 hours at UK border post

  10-06-2024 13:45
  
  Antonio Soprano says he was told to walk to a McDonald’s for food as there was none at SevingtonAn Italian lorry driver has described the UK’s new post-Brexit controls as a “mess” after his lorry was held at a government-run border post for more than two days.Antonio Soprano, 62, who was stopped while bringing plants into the country from central Italy, said he was offered nothing to eat during his 55-hour ordeal and instead was told by border officials that he should wal
  
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• Rejoining the EU is a long-term goal, says Ed Davey – video

  10-06-2024 13:39
  
  The Liberal Democrat leader, Ed Davey, has said his party would not seek for Britain to rejoin the European Union in the next parliament, calling it a 'long-term' objective because the Conservatives had 'done so much damage'.Speaking at the party's manifesto launch, Davey said he wanted to see the UK back at the 'heart of Europe'Lib Dems to promise overhaul of capital gains tax to raise £5bn for NHSUK general election live – latest updates Continue reading...
  
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• Reform UK announce major tax threshold plan in landmark Richard Tice speech

  10-06-2024 13:21 via express.co.uk
  
  Nigel Farage's party has argued that the tax-free threshold is too low and needs to be raised.
  
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• Millions of Brits could see their State Pension payments rise by 5.7% next April

  10-06-2024 12:51 via express.co.uk
  
  The latest figures from the Office for National Statistics show UK inflation fell to the lowest level in nearly three years in April.
  
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• BP staff risk sack if they fail to disclose intimate relationships with colleagues

  10-06-2024 12:48
  
  New policy follows sacking of ex-CEO Bernard Looney with top managers given three months to report all relationships in past three yearsBP employees will have to disclose intimate relationships with colleagues or risk losing their jobs, according to a new policy brought out after the dismissal of former boss Bernard Looney for failing to tell the board.Employees must disclose “familial and intimate relationships at work” without exception, the FTSE 100 oil company said on Monday. Tha
  
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• State pension in the UK compared with European rivals - see where you get most cash

  10-06-2024 12:26 via express.co.uk
  
  Some EU countries pay their pensioners over £2,000 a month.
  
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• Nationwide £100 cash handout to hit accounts within days - check your eligibility

  10-06-2024 12:18 via express.co.uk
  
  The building society is paying out a one-off lump later this month - here are the details on who is eligible and how to claim.
  
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• Boss of South West Water’s owner gains £300,000 pay rise

  10-06-2024 11:41
  
  Pay rise for Pennon Group CEO Susan Davy comes despite outrage over Devon diarrhoea outbreak caused by polluted waterBusiness live – latest updatesThe boss of South West Water’s owner has received a pay increase of £300,000, weeks after an outbreak of diarrhoea caused by a parasite in Devon’s water supply.Susan Davy, the chief executive of Pennon Group, was awarded £860,000 in total pay for the latest financial year, up from £543,000 the year before, according
  
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• Mortgage availability hits 16-year high as shelf life plummets to just 15 days

  10-06-2024 11:30 via express.co.uk
  
  At the start of June, the typical mortgage was spending 15 days on the market before being pulled from sale, declining sharply from an average of 28 days at the start of May, Moneyfacts found.
  
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• Is there asbestos in your makeup? Why women with cancer are suing big beauty brands

  10-06-2024 11:00
  
  As tens of thousands of lawsuits related to Johnson & Johnson’s Baby Powder flood US courts, many women are coming forward claiming that talc-based makeup gave them asbestos-related mesothelioma. Why is talc still present in almost all cosmetics?Mention asbestos and disease, and most people’s thoughts turn to old, unstable floor tiles or insulation in homes or offices, or jobs in shipbuilding or construction – the kind of heavy industries that employ men in hi-vis jackets a
  
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• Euro plummets against the Pound to almost a two-year low after EU election shock

  10-06-2024 10:04 via express.co.uk
  
  Market confidence has dropped with a snap election looming in France.
  
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• ‘I felt like a cash cow’: the simple flight booking error that cost a BA customer more than £730

  10-06-2024 10:00
  
  When Raluca Hamilton was arranging family holidays, a computer autofill error meant her son’s name was wrong. The tickets had to be refunded and bought again at a higher priceIt was a week before a family holiday in Lanzarote that Raluca Hamilton realised there was an error on her two-year-old son’s ticket for the flight: instead of his first name, it was her own that had been entered.But what she thought was a simple error ended up costing her more than £730 to fix, and l
  
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• Why Labour move to scrap 55% ‘horror' pension tax is good news for EVERY saver

  10-06-2024 09:55 via express.co.uk
  
  Report suggests that the Labour Party has backtracked on plans to re-introduce a brutal tax on savers that swallows up 55% of their pension pot. If true, that's music to my ears.
  
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• Pensions 'relief' as Labour scraps plans to reintroduce tax-free allowance

  10-06-2024 09:02 via express.co.uk
  
  There were previous concerns reintroducing the policy could lead to the return of the doctors' strikes.
  
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• Great Britain?: How We Get Our Future Back by Torsten Bell review – a roadmap to the new normal

  10-06-2024 08:00
  
  Underlining his credentials as a creative thinker, the economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping declineAs proposed national rallying cries go, perhaps this one lacks swagger. But its modesty is deliberate, as the economist and Observer columnist Torsten Bell’s surprisingly hopeful new guide to halting this country’s crumbling decline explains. Ches
  
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• BT left my blind father without a panic button

  10-06-2024 08:00
  
  It didn’t work after it switched his landline to digital without warningMy 101-year-old father was left without a landline and a functioning panic button after BT switched his phone service from analogue to digital without warning us. BT had informed us that the contract was about to finish, and asked me to contact them about renewing. I duly called and was, at no time, advised to contact the panic button provider, or told of the possible need for adaptors to connect analogue phones to the
  
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• Adverts for UK bookmakers and online casinos ‘need smoking-style warnings’

  10-06-2024 06:00
  
  GambleAware signals collision course with industry as charity brands current warnings ‘inadequate’Adverts for bookmakers and online casinos should carry smoking-style warnings, the UK’s leading gambling charity has said, as it warned that a marketing surge during the Euro 2024 football tournament could make it harder for people to cut down or quit.GambleAware called for an end to the industry-approved “Take Time To Think” slogan, which appears on gambling adverts, l
  
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