Financial news

• Geriatric millionaires: why boomers keep getting wealthier

  17-06-2024 17:03
  
  The older generation now accounts for half the combined net worth of the US– and in the UK they hold 78% of the UK’s private housing wealthName: Geriatric millionairesAge: 61. Continue reading...
  
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• ‘I was abused twice, first by my partner and then by my bank’

  17-06-2024 10:00
  
  Charities are calling for more help for women trapped with mortgages they cannot change because they are controlled by an abusive partnerA woman whose controlling partner’s abrupt departure left her with an unaffordable mortgage has accused Barclays of refusing to help her as she struggled with the fallout.Sally James*, a mother of two teenage daughters, says the bank refused to restructure her repayments when she could no longer afford them after being left as a single parent. And wh
  
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• Council that hiked heating bills by 350% delays passing on £1m subsidy to tenants

  17-06-2024 10:00
  
  Lambeth council, which raised bills for more than 3,000 tenants on communal heat networks, has delayed crediting them for over a yearA local authority that threatened tenants with eviction if they could not afford a 350% hike in energy bills has delayed crediting them with a £1m government subsidy for more than 12 months, it has emerged.Lambeth council is facing demands to pay compensation to residents who campaigners say have been forced into poverty by its conduct. Continue reading...
  
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• Jet2 sold us a package holiday that didn’t exist - now it’s our problem to fix it

  17-06-2024 08:00
  
  It changed the accommodation for our booked trip to Crete, tailor-made for our foster son, just six weeks before departureIn February, I booked a £1,868 package holiday in Crete for myself and my 16-year-old foster son through Jet2holidays. The confirmation said it was two bedrooms in a four-star beach hotel for a week in June. It was to be a validating vacation for him when he had finished his GCSEs. For any child, getting through exams is an achievement and foster children face a whole s
  
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• In it to win it: how to maximise your chances in competitions

  17-06-2024 08:00
  
  Enter lots of contests, think of prizes as potential presents but beware of scammersWinning a competition can be a great feeling, but businesses don’t give away prizes out of generosity. Continue reading...
  
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• The economy and Labour’s post-election dilemma - podcast

  17-06-2024 04:00
  
  Heather Stewart explains how the party’s central economic message could help it win power but then constrain it in officeCentral to Labour’s campaign over the last few weeks has been one key message: that the party, should it win the election on 4 July, will be a force for stability after years of political turmoil.Keir Starmer’s economic pledges have been aimed to be reassuring and cautious: no big increases in public spending, no big tax rises and a commitment to keep to the
  
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• UK house prices remain near record high with little sign of election impact

  17-06-2024 01:01
  
  Rightmove says demand from buyers up 5% with caution detected only among would-be sellers at top of marketBusiness live – latest updatesThe average asking price for a UK home remained near its record high in June, with the housing market maintaining its “2024 momentum” across much of the country, according to the latest figures from the property website Rightmove.The UK’s biggest property listings website said the average price of homes coming to the market over the past
  
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