Financial news

• Ben Jennings on Rachel Reeves’s shock at the Tory economic legacy – cartoon

  29-07-2024 20:16
  
  Discover and buy more of Ben’s cartoons hereOrder your own print of this cartoon from the Guardian Print Shop Continue reading...
  
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• Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong | Jonathan Portes

  29-07-2024 19:47
  
  The Tories really did leave Britain in a fiscal hole. What matters now is what comes next, and austerity cannot be the remedyJonathan Portes is professor of economics and public policy at King’s College London and a former senior civil servantIs Rachel Reeves’s claim that, since arriving at the Treasury just three weeks ago, she has discovered large, unfunded liabilities in the public finances a transparent political manoeuvre, so that she can blame tax rises and spending cuts on the
  
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• Rachel Reeves goes back to the future with her public finances statement

  29-07-2024 19:44
  
  The chancellor’s message was: this is going to hurt, but it’s not my fault. Haven’t we heard that somewhere before?For George Osborne read Rachel Reeves. For 2010 read 2024. The party affiliation might be different but the message from the two chancellors shortly after arriving at the Treasury was the same. In both cases it amounted to two basic propositions: this is going to hurt, and the other lot are to blame.Like Osborne, Reeves said she would not duck tough decisions, and
  
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• UK public finances show £22bn fiscal hole, says Rachel Reeves - video

  29-07-2024 18:55
  The chancellor has unveiled plans to scrap winter fuel payments for pensioners not on benefits as part of sweeping changes she said were needed to fill a £22bn spending shortfall that was 'covered up' by the Conservative government. Justifying the planned cuts, Rachel Reeves told the Commons: 'Not to act is simply not an option.' Announcing 30 October as the date of the autumn budget, she added that it would 'involve taking difficult decisions to meet our fiscal rules across spending, welf
  
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• Reeves must guarantee HS2 runs to Euston, spending cuts or not

  29-07-2024 18:53
  
  The chancellor should save the nation further blushes and fund tunnelling to the central London stationNo, the long and painful saga of HS2 did not reach its final destination when Rishi Sunak axed the entire northern phase of the project last October. For starters, there is the mopping-up exercise on the cost of that decision – a write-off of £2.17bn in the latest accounts.Of that, £1.1bn is money actually spent on the ground in preparing phase two before it was jettisoned. It
  
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• Ofcom clamps down on millions of scam ‘spoofed number’ calls from abroad

  29-07-2024 15:54
  
  Regulator gives phone companies six months to identify and block calls that falsely display a UK numberBusiness live – latest updatesMillions more scam calls from abroad that use spoofed UK landline numbers are to be blocked after the telecoms regulator finally ordered a long-overdue clampdown.From Monday all phone companies will have six months to identify and block calls from abroad that falsely display a UK telephone number under strengthened guidance from Ofcom. Continue reading...
  
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• DWP claimants warned 'expect delays' this week as major disruption expected

  29-07-2024 12:33 via express.co.uk
  
  The GMB said more than 1,500 of its members will stage their fourth week-long walkout, remaining on strike until Saturday.
  
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• DWP pursues thousands of people for benefits that were paid in error

  29-07-2024 12:31 via express.co.uk
  
  Nearly 10,000 people sought advice last year after the Department for Work and Pensions told them it would be taking money back.
  
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• Interest rates cut hopes rise as Bank of England says mortgage approvals steady

  29-07-2024 12:19 via express.co.uk
  
  The Bank of England's Money and Credit report said net mortgage approvals remained broadly stable at 60,000 in June.
  
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• Warning over supermarket lunches at Tesco, Sainsbury's and Boots

  29-07-2024 11:28 via express.co.uk
  
  People are being urged to make an immediate change to their routines that could have a substantial impact
  
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• Ofcom scam alert as new measure to be rolled out in crackdown on fraudsters

  29-07-2024 11:18 via express.co.uk
  
  Ofcom is asking the industry for evidence on the best solutions to tackle mobile messaging scams.
  
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• DWP carer's allowance update as action promised for people 'owed thousands'

  29-07-2024 10:49 via express.co.uk
  
  Carers UK says some people have been left owing "hundreds, thousands and sometimes tens of thousands of pounds" to the Department for Work and Pensions .
  
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• Using a nickname could save parents £2,000

  29-07-2024 10:26 via express.co.uk
  
  Parents could save themselves £2,000 on school uniform expenses using a simple nickname trick, experts have said
  
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• How to find cheap (or free) days out for the kids, come rain or shine

  29-07-2024 10:00
  
  Amid the cost of living crisis, and the high price of attractions, many children are stuck indoors. But there are affordable, but no less exciting, tripsWhile it is 67 years since Dr Seuss wrote The Cat in the Hat, his dire warnings about the consequences of leaving bored children stuck indoors on a rainy day still hold true.If you don’t want Thing One and Thing Two running amok in your home, then budgeting for a few “rainy days out” during the summer holidays is a sensible pla
  
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• Ofgem takes huge step forward in bid to slash energy bills for Britons

  29-07-2024 09:02 via express.co.uk
  
  Ofgem says its drive for cleaner energy also represents an opportunity for bill payers.
  
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• Mum cuts her shopping bill in half with one simple change

  29-07-2024 09:02 via express.co.uk
  
  Charlene Woracker, 33, spent £130 per week on groceries for family of six before starting to adopt the new technique
  
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• This woman doubled her basic state pension to £387.65 a week - see how it's done

  29-07-2024 09:00 via express.co.uk
  
  The new state pension pays a maximum of £221.20 a week while the older basic state pension pays up to £169.50. Yet it's possible to get a lot more than that, as one woman has shown.
  
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• E.ON took direct debits from my son’s account after it was told of his suicide

  29-07-2024 08:00
  Now it says only his bank can refund the £700 – which it can’tMy son died by suicide in July last year. He lived in supported accommodation, and his support worker informed his energy supplier, E.ON Next. It was a stressful time, and though his father and I thought we had contacted all the relevant parties, it turns out that his bank account had not been closed.In April, I discovered E.ON had taken £700 in monthly direct debits after being notified of his death. The berea
  
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• Evri to hire 9,000 people after agreeing £2.7billion sale to new owners

  29-07-2024 07:27 via express.co.uk
  
  The company said it was embarking on a recruitment drive to grow its team of couriers and in its warehouses
  
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• State Pension warning as DWP could owe you up to £12,486

  29-07-2024 07:00 via express.co.uk
  
  If you have a state pension, you may be eligible for a back payment after an error has left many underfunded.
  
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• Chortle chortle, scribble scribble: inside the Old Bailey with Britain’s last court reporters – podcast

  29-07-2024 06:00
  
  The cases heard at the Old Bailey offer a vivid, often grim portrait of England and Wales today. What happens when there is no one left to tell these stories? By Sophie Elmhirst Continue reading...
  
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