Financial news

• Savings warning as Britons ‘short-changed’ on closed easy access accounts ‌

  15-07-2024 19:11 via express.co.uk
  
  Easy access savers could be missing out on hundreds of pounds worth of interest by staying loyal to their provider.
  
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• Young investors handed Reddit and TikTok warning as investment schemes may be illegal

  15-07-2024 18:59 via express.co.uk
  
  EXCLUSIVE: The new generation of investors increasingly use chat forums and social media sites to get investing tips.
  
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• Even Nigel Farage opposes the two-child cap. Labour must scrap it | Letters

  15-07-2024 18:48 via theguardian.com
  
  This is an opportunity for Keir Starmer to demonstrate to left-behind voters that he is on their side, writes Bernie Evans. Plus letters from Hazel Davies, David Lindsay, Jan Pahl and Jon MarksAs your editorial (14 July) and the piece by Larry Elliott (14 July) say, Labour should not hesitate in scrapping the two-child cap on benefits. How this cruel and unfair policy can be tolerated by a Labour government “laser-focused on poverty” is anyone’s guess.As Elliott states, there a
  
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• Forget the football! Eleven days into a Labour government, here are reasons to be hopeful | Zoe Williams

  15-07-2024 18:01
  From climate crisis to the culture wars, this is a moment of genuine change – and a little optimism is finally possibleLooking for a boost on a grey day full of awful news, I was trying to remember the last time I felt politically optimistic. Was it for a real reason, or just a surfeit of youthful idiocy? Anyway, I accidentally diverted to a different memory, a time I looked around the Timpson Prison Training Academy at HMP Wandsworth donkey’s years ago.Here was an objectively good i
  
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• Woman goes on amazing holiday for £100 - including flights, room and food

  15-07-2024 17:19 via express.co.uk
  
  Chelsea Dickenson stayed in a hostel and brought her own snacks to keep costs down - but she also encountered some hidden costs along the way
  
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• Digital wallets and Big Tech put under the spotlight by regulators

  15-07-2024 17:11 via express.co.uk
  
  A call for information has been issued by the Financial Conduct Authority and the Payment Systems Regulator.
  
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• Struggling Brits can cut water bills by up to 90% - this is how

  15-07-2024 16:57 via express.co.uk
  
  The industry regulator Ofwat has announced that privatised water firms will be able to increase bills by an average of 21 percent over the next five years.
  
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• Burberry must end emphasis on shock factor and focus on being loved again

  15-07-2024 16:35
  
  New CEO needs to join dots between avant garde catwalk looks and what customers want from British groupBurberry replaces CEO as it issues fresh profit warningBurberry has blessings that other brands would kill for. Everyone knows what a Burberry trenchcoat is, and pretty much everyone would be thrilled to have one. Burberry is a household name at a time when shoppers buying luxuries prize a prestige brand more than anything else. It is one of the elite labels that have meaning in the world of po
  
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• Pensioners told how much money they will need to retire comfortably

  15-07-2024 15:48 via express.co.uk
  
  The figures, which are the amount left over after tax is paid, are much higher than millions can expect to receive based on the State Pension plus any private pension they may have
  
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• State pensioner stuck in higher tax bracket on wrong tax code - HMRC responds

  15-07-2024 15:39 via express.co.uk
  
  They just recently stopped working.
  
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• TSB slashes mortgage rates after Barclays and Virgin in 'big week for borrowers'

  15-07-2024 15:37 via express.co.uk
  
  The new spate of mortgage rate cuts comes ahead of the release of important inflation data this week.
  
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• Woman's mortgage hopes smashed by £16 phone debt - How to deal with a default

  15-07-2024 15:09 via express.co.uk
  
  A single red flag on your credit report could mean you're not able to get a mortgage
  
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• UK has almost 1m EV chargers, with new public one installed every 25 minutes

  15-07-2024 13:52 via theguardian.com
  Electric vehicle industry says spring data shows installations are keeping pace with rising battery salesThere are now almost 1m electric car chargers in the UK, according to data, a figure that the industry argues is proof that installations are keeping pace with increasing sales of battery vehicles.There were 930,000 UK chargers at the end of June, according to ChargeUK, a lobby group, but the majority of these have been installed in homes and business premises, with only about 65,000 public c
  
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• BoE should ‘stop squeezing living standards’ and cut rates, says policymaker

  15-07-2024 12:37
  Swati Dhingra says Bank of England’s monetary policy committee should lower interest rates in AugustBusiness live – latest updatesThe Bank of England needs to “stop squeezing living standards” and cut interest rates, a senior policymaker has said.Swati Dhingra, a member of the central bank’s monetary policy committee (MPC), said official borrowing costs should be cut at its next meeting on 1 August to ease pressure on households and businesses. Continue reading...
  
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• How to make sure that your holiday car rental is a smooth ride

  15-07-2024 10:00 via theguardian.com
  
  You must be smart to find the best prices, and vigilant for extra charges. But how your name appears on the booking can spell the end of the roadEric Hartley was looking forward to starting a 10-day holiday and ready to hand over €309 (£260) for his rental car at Milan Bergamo airport last month, only to be told his booking could not be processed.The reason? The name on his booking – Eric Hartley – did not match the name on his passport and driving licence: Eric James
  
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• American Airlines crew filmed my distress after wheelchair failed to arrive at Heathrow

  15-07-2024 08:00 via theguardian.com
  
  My pre-booked assistance did not arrive when my plane landed in London, but its staff did not help meI am disabled and was left stranded on the jet bridge floor at Heathrow by American Airlines when pre-booked special assistance did not arrive. Instead of helping, a crew member filmed me in distress. Due to my various health conditions I need a wheelchair to board and disembark. There was no issue at the John F Kennedy airport in New York. But when the plane landed at Heathrow no one came to get
  
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• Disused Lloyds office sites to be converted into social housing

  15-07-2024 07:00 via theguardian.com
  
  Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’sLloyds Banking Group will start converting its disused office sites into social housing, as the UK’s largest mortgage provider lays the groundwork for a fresh housebuilding boom after Labour’s election win.The bank, which started reviewing its property portfolio during the Covid lockdown in 2020, is launching the programme with a
  
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• Dirty waters: how the Environment Agency lost its way – podcast

  15-07-2024 06:00
  Having created a watchdog for the environment, the government took its teeth out and muzzled it. Can public outrage rouse the Environment Agency to action? By Hettie O’Brien Continue reading...
  
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• Number of agreed UK house sales over past month ‘up 15% on 2023’

  15-07-2024 01:01 via theguardian.com
  
  Buyers not fazed by election or Euro 2024, says Rightmove, as ‘gamechanging’ interest rate cuts anticipatedThe number of agreed house sales over the past month was 15% up on this time last year, according to Rightmove, as buyers anticipate “gamechanging” interest rate cuts they hope could come as early as August.Britain’s biggest property website said homebuyers largely shrugged off the “distractions” of the general election and the Euro 2024 football to
  
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