Financial news

• BP has scaled back its green energy plans – don’t be surprised if it happens again | Nils Pratley

  27-06-2024 19:53
  
  The oil major’s net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are boomingGrand corporate strategies are launched in weighty declarations by chief executives who fancy themselves as visionaries. That was how Bernard Looney, the then chief executive of BP, did it back in February 2020 when he said the company would get serious about cutting greenhouse gas emissions and investing in renewables. “The direction is set. We are heading to
  
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• Number of UK income tax payers leaps by 4.4m in three years due to threshold freeze

  27-06-2024 17:07
  
  HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22Business live – latest updatesThe number of people dragged into paying income tax in the UK has leapt by an estimated 4.4 million in three years because of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate on tax.The figures show that a continuing freeze on income tax thresholds, seen as a stealth tax by some, has pulled an extra 1.
  
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• Private car parks to give UK motorists 10-minute grace period before fines

  27-06-2024 14:30
  
  Motoring organisations say voluntary code falls far short of protecting drivers from unfair practicesPrivate car parks will offer motorists in the UK a 10-minute “grace period” before issuing fines, but motorists say the voluntary code is not enough to protect drivers from unfair practices.The measure is part of a new code of practice that private car-park companies have promised to introduce in the autumn. Industry trade bodies will also implement a fairer appeals system and maintai
  
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• Labour’s growth strategy: the devil lies not in planning, but in implementation

  27-06-2024 09:34
  
  The party’s roadmap must favour comprehensive reforms, carried out at the same time, and sooner rather than laterAs in many other developed countries lately, the two major political parties in the UK have embraced economic growth as their top policy priority. After the volatile 49-day experience of Liz Truss’s government and its “dash for growth” in 2022, however, both parties emphasise that there are no financial shortcuts. The focus, instead, is on devising measures to
  
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• Things are not going to get better as long as oligarchs rule the roost in our democracies | George Monbiot

  27-06-2024 09:00
  
  If we want the kind of fair, functioning state Britain saw post-1945, we need to take on the economic powers that wrecked itWe are about to return to normal politics. After 14 years of Tory corruption and misrule, a Labour government will put this country back on track. Justice and decency will resume, public services will be rebuilt, our global standing will be restored, we will revert to a familiar state. Or so the story goes.What is the “normal” envisaged by pundits and politician
  
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• Car insurer charged £40 to cancel learner driver policy

  27-06-2024 08:00
  
  My son’s policy only had few weeks left after he passed his test, but I was still told I owed a feeI wanted to draw your, and your readers’, attention to something I think is extremely sharp practice by the insurance broker Collingwood.I bought its annual learner driver policy for my son last year for £256. Continue reading...
  
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• Brit's simple tip will stop companies pestering you to renew subscription services

  27-06-2024 07:00 via express.co.uk
  
  A Brit has shared a simple tip to stop companies from pestering you to renew your subscription after you have cancelled it - and it is incredibly easy to follow
  
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• Martin Lewis rages at Conservatives for using video of him to attack Labour tax plans

  27-06-2024 02:20 via express.co.uk
  
  Money Saving Expert website founder Martin Lewis was quick to distance himself from the Tory campaign ad
  
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• Cost of toothpaste can double through the year in UK, study finds

  27-06-2024 01:01
  
  Research discovers the cost of some healthcare products fluctuates wildly, according to time of year you buy themDentists agree that brushing twice a day is the best way to look after your teeth. But depending on what month it is, dental hygiene can be a dramatically more expensive habit to maintain.New research has shown that the cost of a tube of toothpaste at some times of the year can be double its price at other times. The price of other popular health products such as Gillette razors can a
  
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