Financial news

• Inept managers have left universities at crisis point | Letters

  08-07-2024 18:04
  
  Prof Helen Smith, David Rennie and Prof John Denham on the dire state of university fundingWilliam Davies’ article on the plight of universities struck a chord (How the Tories pushed universities to the brink of disaster, 2 July). But he underplays how culpable the last decade of university managers have been, and how damaging and dated their response is now.Universities and their staff face the same problems, derived from the same causes, but – as Davies points out – universit
  
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• Labour to make pensioners pay tax they don’t even owe - Starmer MUST change course

  08-07-2024 17:11 via express.co.uk
  
  We can all expect to pay a lot more tax over the next few years, now that Labour has won power. Adding insult to injury, some will also have to pay tax they don't owe.
  
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• New update for 1950s women left waiting for Labour's state pension compensation plan

  08-07-2024 17:00 via express.co.uk
  
  Chief Secretary to the Treasury, Darren Jones MP, spoke on the BBC about what was happening over designing a suitable compensation plan
  
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• Santander fury as bank threatens to suspend new account over details he already provided

  08-07-2024 15:54 via express.co.uk
  
  They transferred their account in branch.
  
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• DWP benefits including PIP to undergo big changes under Labour Government

  08-07-2024 15:52 via express.co.uk
  
  The Labour Party has pledged a review of the entire benefits system.
  
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• Martin Lewis urges ‘avoid huge tax trap’ and spend pension ‘tax free’

  08-07-2024 15:21 via express.co.uk
  
  Martin Lewis is urging people with pensions savings to avoid a 'HUGE' tax trap and spend their pensions tax-free.
  
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• Property market experts issue stark warning to Labour over housing plan

  08-07-2024 15:13 via express.co.uk
  
  Chancellor Rachel Reeves gave an update on Monday about her fiscal plans for the UK.
  
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• Dementia can be spotted in your bank account up to 5 years before diagnosis

  08-07-2024 15:07 via express.co.uk
  
  Experts have said that financial problems can be a sign of dementia and can arise up to five years before a diagnosis is made
  
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• Martin Lewis reveals foolproof pensions loophole to hand wealth to wife and kids

  08-07-2024 14:44 via express.co.uk
  
  Martin Lewis has revealed the foolproof method to hand wealth to your spouse and children
  
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• Rachel Reeves: Labour has inherited worst set of circumstances since second world war – video

  08-07-2024 14:08
  
  Rachel Reeves said in her first speech as chancellor that the Labour government faced 'the legacy of 14 years of chaos and economic irresponsibility'Who are the key people inside Labour’s leadership team?Rachel Reeves pledges to ‘fix foundations’ of UK economy with growth plan Continue reading...
  
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• Thousands of households can claim free £200 payment to help with cost of living

  08-07-2024 13:11 via express.co.uk
  
  The government's Household Support Fund gives local councils funding to help residents with the cost of living.
  
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• Rachel Reeves says new government has inherited ‘worst set of circumstances since second world war’ – UK politics live

  08-07-2024 13:03
  New chancellor says she will make statement to MPs before summer recess about financial situation as she says UK economy has been ‘held back’Rachel Reeves has finished the speech, in which she confirmed a range of measures to speed up planning. I will post a full summary shortly.She is now taking questions.I have repeatedly warned that whoever won the general election would inherit the worst set of circumstances since the second world war.What I have seen in the past 72 hours has onl
  
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• From pruning to reforesting – how good agricultural practices can lift cocoa communities

  08-07-2024 13:01
  With environmental challenges, rising populations and a lack of crop investment, it’s becoming increasingly difficult to farm cocoa in west African countries. So how can positive changes be brought about in this area?In Côte d’Ivoire and Ghana, farmers are already seeing the increasing impact of climate change. Higher temperatures, less regular rainfall and extended periods of drought are leading to a lower crop yield and, in turn, a lower income.Yet for more than a hundred yea
  
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• Key plank of Biden student-debt relief plan can move forward, court rules

  08-07-2024 13:00
  
  Appeals court decision allows millions of borrowers to cut loan payments in half – but does not yet erase debt outrightA key piece of Biden’s student loan forgiveness plan can move forward, a federal appellate court has ruled.The move allows millions of borrowers to see their loan payments cut in half, but stops short of outright erasing debts for now. Continue reading...
  
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• Uncovering cocoa farming’s biggest challenges – and what’s being done to tackle them

  08-07-2024 12:59
  
  One of the world’s biggest chocolate producers is working to address the root causes of farmer poverty, child labour risks and the impact of climate breakdown on cocoa farming communitiesUnlike other crops grown for global consumption, cocoa production doesn’t take place on large-scale plantations. Instead, 95% of the world’s cocoa comes from smallholder farms just two to five hectares in size, with 70% produced across western Africa in countries including Côte d’Iv
  
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• Amazon’s Coventry workers begin voting in historic union ballot

  08-07-2024 12:56
  More than 3,000 staff could get right to bargain collectively for rights and pay for the first timeBusiness live – latest updatesWorkers at Amazon’s Coventry warehouse have begun voting in a “historic” trade union recognition ballot that could allow UK employees of the online retailer to bargain collectively for rights and pay for the first time.More than 3,000 workers at the West Midlands hub will take part in the vote, which closes on Saturday, in a long-running battle
  
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• Hollywood studio Paramount agrees $28bn merger with Skydance

  08-07-2024 12:51
  End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5Business live – latest updatesParamount Global, one of Hollywood’s best-known companies, has agreed to a merger with independent film studio Skydance, in a deal that ends its links with the Redstone family.The Paramount chair, Shari Redstone, whose father, Sumner, bought the company in 1994, has given the green light to the sale of the family’s controlling sta
  
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• French stock market swings to gain after election surprise; Britvic agrees to improved Carlsberg offer – business live

  08-07-2024 12:50
  Live coverage of business, economics and markets after New Popular Front is largest party in second round of France’s election, with far-right thirdRachel Reeves has pledged to “get Britain building again” after saying the government will introduce mandatory housing targets in her first major speech as UK chancellor.Local authorities will retain the power to decide on planning applications “in the first instance”, but can be overruled nationally if they fail to meet
  
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• Babyproof a yacht? How the super-rich are turning to the ‘mummy concierge’

  08-07-2024 10:00
  
  Increasingly, no expense is being spared by the wealthy when it comes to tackling problems such as finding a £3,000 nightdress or brainstorming a nameA poet, a linguist and a marketing guru join forces to come up with the name of an unborn child. The start of a bad joke? The plotline for the next episode of Black Mirror? Neither – rather, it’s one of the jobs a “mummy concierge” to the super-rich can be asked to do.Baby-proofing a yacht to ensure the plugs fit a bre
  
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• A shoe-fixing, key-cutting radical: why Labour’s new prisons minister is perfect for the job | Simon Hattenstone

  08-07-2024 09:00
  
  James Timpson hires ex-offenders and thinks many prisoners shouldn’t be in jail. His approach could be transformativeFor those unconvinced that prime minister Keir Starmer really wants to fix Britain, look no further than his appointment of James Timpson as prisons minister. Timpson, chief executive of the eponymous family business best known for shoe fixing and key making, is not an MP and has been parachuted into the job by Starmer with a peerage and a seat in the Lords.We’ve seen
  
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• Vrbo’s luxury property bore no relation to the listing

  08-07-2024 08:00
  
  It cost £1,009, had one bedroom instead of three, and no heating. It was so miserable that we leftMy family and I stayed in a Spanish property booked on Vrbo that was blatantly different to the listing. Instead of the three bedrooms advertised, there was only one, accessible via an outdoor stone staircase. The listing also failed to mention that the bathroom was outside as well. Neither of the rooms had heating. To reach the toilet at night involved going down the flight of steps. Since it
  
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• Boeing will plead guilty to criminal fraud over 737 Max crashes, justice department says

  08-07-2024 07:03
  
  The deal, which still requires the approval of a federal judge, will see the company pay a fine of almost $250m and invest at least $455m in improving safetyBoeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners, after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the US the government said in court filing late on Sunday.Federal prosecutors gave Boeing the choice thi
  
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• Pontins booted to bottom of UK holiday park table again

  08-07-2024 06:01
  
  Top places go to smaller and independent parks, with Potters Resorts taking the no. 1 spotThe long-established Pontins has been rated the worst UK holiday park brand in a survey by the consumer organisation Which?, with smaller and independent resorts taking the top honours.Top of the table was Potters Resorts, which has a base in the Essex countryside and another on the Norfolk coast. Continue reading...
  
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• Largest UK public sector trial of four-day week sees huge benefits, research finds

  08-07-2024 06:00
  
  Exclusive: South Cambridgeshire experiment led to fewer refuse collectors quitting and faster planning decisionsIn the largest public sector trial of the four-day week in Britain, fewer refuse collectors quit and there were faster planning decisions, more rapid benefits processing and quicker call answering, independent research has found.South Cambridgeshire district council’s controversial experiment with a shorter working week resulted in improvements in performance in 11 out of 24 area
  
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