Financial news

• UK will press for job promises in return for Port Talbot investment

  07-07-2024 18:03
  
  New business secretary Jonathan Reynolds confirms that negotiations with owner Tata Steel are continuingThe UK will press for “job guarantees” in return for taxpayer-funded investment during talks with the Indian-owned Tata Steel about the future of its flagship Port Talbot site.The new business secretary, Jonathan Reynolds, said he believed there was a “better deal available” for the south Wales site and the steel industry as a whole, as he confirmed on Sunday that negot
  
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• Royal Mail goes ahead with cuts to UK flights despite takeover

  07-07-2024 15:21
  
  Three more freight flights to go this month as parent company’s CEO Martin Seidenberg pursues transformationThe boss of Royal Mail’s parent company has said it will push on with a transformation of the group despite its £3.57bn takeover, as Royal Mail prepares this month to cut more daily freight flights.Martin Seidenberg, the chief executive of International Distribution Services, plans “the biggest network change in 20 years” to revamp Royal Mail’s deliverie
  
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• Everyone on state pension issued £1,275 Triple Lock warning

  07-07-2024 14:29 via express.co.uk
  
  Everyone who gets either the basic or new state pension has been warned.
  
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• Labour plans for State Pension, Universal Credit, PIP and cost of living payments

  07-07-2024 14:02 via express.co.uk
  
  The Labour Party has pledged to "kickstart economic growth" after the General Election - here is what it has said about the benefits system.
  
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• 'I'm a mortgage expert - here's what I think will happen to interest rates this year'

  07-07-2024 13:08 via express.co.uk
  
  Despite fluctuating interest rates, mortgage brokers express "optimism" for a property market bounce-back in the months to come.
  
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• Pet insurance warning - five things you need to know about cover

  07-07-2024 12:00 via express.co.uk
  
  MoneyMagpie has issued a warning to pet owners across the UK.
  
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• ‘It’s licensed touting, essentially’: has sky high ticket pricing turned London theatre into the wild West End?

  07-07-2024 12:00
  
  Top ticket prices are up 50% in a year to an all time high. Whatever the cause – rising costs, celebrity casts, offsetting risk - could excluding audiences that theatre’s future depends on prove terminal? We talk to insiders…‘Theatres are taking the piss,” says 26-year-old aspiring actor and dedicated theatre fan Laurine. “I book tickets anyway, but hate myself for doing it.” Laurine relocated from France to London partly because of the promise of the W
  
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• Shopping addict turned around £40,000 debt from university days with intense budget

  07-07-2024 11:51 via express.co.uk
  
  Maddy Alexander-Grout's ADHD and shopping addiction combined to leave her with a £40,000 debt
  
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• UK urged to protect Ukraine from legal action over private debt default

  07-07-2024 11:49
  
  Kyiv shouldn’t have to fight ‘shameless bondholders’ as repayment deadline nears, say campaignersCampaigners are urging Britain’s new Labour government to prevent Ukraine being sued in the UK courts if the country defaults on its debts to private creditors.Debt Justice said a two-year suspension of Ukraine’s debt payments was scheduled to expire on 1 August, and that action was needed to protect Kyiv from the possibility of legal action from its creditors. Continue
  
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• Of the economy’s two possible endings the happy one is more likely | Larry Elliott

  07-07-2024 11:41
  
  Will the credits roll as Starmer wins big in 2029 or will Reeves be boxed in by her own fiscal rules and leave the economy in a worse state?Just as in the movie Sliding Doors, there are two endings to the story that began on Thursday with Labour’s victory in the 2024 election. One is happy, one is sad, and either is possible. What happens to the economy over the next five years will determine which one materialises.Let’s start with the happy ending: the one where the credits roll as
  
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• ‘We’re only 30 and earning millions a year from our Airbnb side hustle’

  07-07-2024 11:14 via express.co.uk
  
  The couple became "financially free" before turning 30.
  
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• Hidden housing cost warning - 10 things for first-time buyers to be aware of

  07-07-2024 11:00 via express.co.uk
  
  MoneyMagpie has issued a warning to anyone trying to get on the housing ladder for the first time.
  
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• Struggles at Belfast’s Titanic shipyard reflect UK’s faded naval power

  07-07-2024 10:00
  
  Attempts by Harland & Wolff to restore the city’s industrial prowess could be dashed as the new government beds in, but the famous firm is already in choppy waters elsewhereThe Harland & Wolff (H&W) shipyard in Belfast is famous for having built the Titanic, the largest passenger ship of its time before it hit an iceberg on its maiden voyage across the Atlantic. But things have moved on since 1912. In recent weeks Samson, one of the two yellow gantry cranes that dominate Belfas
  
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• 'I'm a money expert - here are the stocks to watch after Labour's election win'

  07-07-2024 10:00 via express.co.uk
  
  MoneyMagpie founder Jasmine Birtles says these are the stocks you need to keep an eye on.
  
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• 'I'm an inheritance tax expert - these are the most effective ways to reduce your bill'

  07-07-2024 09:49 via express.co.uk
  
  The earlier people act, the more of their wealth can be kept for their family, an expert has said.
  
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• State pension fury as millions are barred from full £679 triple lock boost

  07-07-2024 09:27 via express.co.uk
  
  State pensioners have reacted with fury at reports that they will all get a £679 uplift next year thanks to the triple lock. In practice, millions won't.
  
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• Labour under pressure to deliver new housing as '1.5 million homes don’t build themselves'

  07-07-2024 09:00 via express.co.uk
  
  Labour's manifesto included a pledge to build 1.5 million homes over the lifetime of the parliament.
  
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• WASPI campaigners set out next steps to pile pressure on new MPs to deliver compensation

  07-07-2024 08:00 via express.co.uk
  
  EXCLUSIVE: The campaigners say they will be in touch with all the new MPs renewing calls for payouts.
  
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• Keir Starmer ruled out rejoining the EU. Now he must think again | William Keegan

  07-07-2024 08:00
  
  Labour’s new prime minister is in a position of strength in relation to Brexit. He must be bold for Britain’s sakeThe first moves of a new prime minister can have lasting consequences. When Clement Attlee went from being wartime deputy prime minister to Labour prime minister in 1945, he had little alternative but to offer the nation the peacetime equivalent of Churchill’s blood, toil, tears and sweat.The age of austerity was born as the UK rebuilt its wartorn economy. Shor
  
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