Financial news

• Double amputee returns to work after 20 years unemployed in 'rewarding' role

  04-08-2024 18:31 via express.co.uk
  
  His new employer says there needs to be more tailored support to help long-term unemployed people back into work.
  
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• Reuse that teabag! Ignore that special offer! It’s time to join the underconsumer revolution | Emma Beddington

  04-08-2024 15:00 via theguardian.com
  
  Most of us already have more than enough stuff. No wonder so many young people are turning their backs on the marketers and influencers‘I never want to own anything again,” messaged my son, packing up after a year abroad. He was experiencing the self-loathing rite of passage that is confronting your acquisitive tendencies; next year, he vowed, he will “live like a spartan”.I know how he feels. I tell myself I don’t buy much, but as I tidied for a houseguest recently
  
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• Calls for 25% tax break 'super-deduction' as Labour overlooks 'critical issue'

  04-08-2024 13:47 via express.co.uk
  
  EXCLUSIVE: The Chancellor has said there may be tax increases on the way later this year.
  
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• A simple solution to Rachel Reeves’ spending cuts? Stop subsidising the banks | Larry Eliott

  04-08-2024 13:02
  
  A £22bn ‘black hole’ could be filled overnight if Labour stopped paying unnecessarily high interest on balances at Threadneedle StreetWell that didn’t take long. Less than a month after becoming chancellor Rachel Reeves has gone native at the Treasury, putting a red pencil to plans for new hospitals, roads and rail projects that the government says it can’t afford.The latest to bite the dust is the £800m for an exascale supercomputer at the University of Edinb
  
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• ‘I’d be better off if I hadn’t been to uni’: UK graduates tell of lives burdened by student loans

  04-08-2024 13:00 via theguardian.com
  Tactics for dealing with unaffordable repayments range from taking low-paid work to working a second job, and even to remortgaging a homeFaced with unaffordable student loan repayments, many UK graduates on moderate salaries are leaving their jobs, or turning down promotions in sectors plagued by staff shortages, such as teaching and healthcare. Loans totalling as much as £120,000 – many swollen by surging interest rates – are putting them off trying to progress in their career
  
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• Halifax phishing scam alarm as bank points to telltale sign a phone call is not from them

  04-08-2024 11:30 via express.co.uk
  
  A customer got in touch to voice their suspicions about a call they had received.
  
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• Women on state pension handed £45,604 with ‘backdated’ rule

  04-08-2024 11:00 via express.co.uk
  
  Women who are on the state pension can get up to £45,604 due to a little known rule
  
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• NS&I explains key Premium Bonds form after unusual question

  04-08-2024 10:37 via express.co.uk
  
  There are several advantages to Premium Bonds as a savings option.
  
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• UK pensioners left on ‘financial cliff edge’ by cuts to winter fuel payments

  04-08-2024 10:00 via theguardian.com
  
  New analysis shows tens of thousands of older people may end up worse off than those who retain energy benefitTens of thousands of pensioners are on a financial cliff edge because of the government’s decision to radically restrict winter fuel payments, a new analysis has revealed. The chancellor, Rachel Reeves, opted to introduce a means test for the payments, with only those on pension credit qualifying, stating it was one of the “difficult decisions” she had to make, as she a
  
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• Stop bullying honest pensioners Labour and smash UK’s £8bn benefit fraud industry

  04-08-2024 09:43 via express.co.uk
  
  Chancellor Rachel Reeves' decision to scrap the winter fuel allowance shows odd priorities. She singled out honest pensioners to save £1.5billion a year, while saying nothing about crooks who claim £8billion of state benefits dishonestly.
  
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• Ignore the Livids of Tunbridge Wells and build homes, but build them well | Rowan Moore

  04-08-2024 09:30 via theguardian.com
  
  Labour’s plans to ease the housing crisis should focus on quality as much as quantityThat didn’t take long. Last week, less than a month since Labour won the general election, the deputy prime minister Angela Rayner stood up in the House of Commons and made some of the most ambitious pronouncements about housing since her party’s government of 1945 – 1.5 million new homes in the term of this parliament, new towns, more social housing.Local authorities will be obliged
  
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• ‘It’s just raw profiteering’: the people refusing to pay their water bills in response to the sewage crisis

  04-08-2024 09:00 via theguardian.com
  
  People across England and Wales are refusing to pay for water companies to dispose of sewage after sharp increases in spillsThere are many of us across England and Wales who have opened our water bills and glanced at the payment breakdown only to be jolted into annoyed sarcasm. “Really?” you say to the water company’s logo. “I’m paying you to dispose of sewage, am I? And how is that working out for us all?”In 2023, sewage spills in England increased by 54% fro
  
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• Housebuilding is a route to bigger, better homes for all, not just the rich | Torsten Bell

  04-08-2024 09:00 via theguardian.com
  
  While a 1% rise in housing stock drives down prices and rents, Swedish research shows it also boosts space for those on low incomesOne of the reasons I support building more homes is it will help bring down housing costs if we keep at it. Government research finds a 1% increase in housing stock drives a 2% fall in house prices or rents – remember, housing costs for the average family have doubled from 9% to 17% of income since 1980.But there are other reasons to build. Often we forget
  
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• British Gas, EON, EDF and OVO customers face £158 bill charge

  04-08-2024 09:00 via express.co.uk
  
  Customers with major energy firms including British Gas, OVO, EDF, Octopus and E.On are facing energy bill charges of £1,723.
  
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• Savings warning as £880million of lost investments to be given to charity – track yours

  04-08-2024 08:00 via express.co.uk
  
  From lost pensions and Premium Bonds prizes to Child Trust Funds and investments, there are simple ways to track down forgotten money.
  
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• Britain didn’t vote Labour just to get a new iron chancellor | William Keegan

  04-08-2024 08:00
  
  Rachel Reeves once spoke about long-term borrowing for vital projects. Now she seems to embrace the spirit of ThatcherismCan somebody please tell the Labour party that they won the election? Most people I know are relieved and delighted that the Conservatives have got their comeuppance; but the relief that Labour is finally back in office is tempered by apprehension that the spectre of Philip Snowden is haunting them all these years later.An iron – Labour – chancellor almost 100 year
  
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• 'I'm a money expert - here are three small cap ETFs to add to your portfolio now'

  04-08-2024 07:00 via express.co.uk
  
  MoneyMagpie founder Jasmine Birtles lets you know which EFTs to keep an eye on in August 2024.
  
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