Financial news

• Martin Lewis advice for pensioners who can't afford heating due to winter fuel payment cut

  07-09-2024 21:40 via express.co.uk
  
  Martin Lewis has issued advice to people turning off their heating in winter amid rising fuel bills.
  
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• Chaos club Everton reap the whirlwind of Premier League’s financial revolution | Jonathan Wilson

  07-09-2024 21:00 via theguardian.com
  The economic boom that reformed the top flight in 1992 could be about to devour one of its original ‘big five’It’s 40 years since the greatest season in Everton’s history, when they won the league and the Cup Winners’ Cup and reached the FA Cup final. But it was a strange glory, coming as it did at a time when it was hard to see how English football, devastated by tragedy and disaster, could go on. Everton were – along with Manchester United, Arsenal, Liverpoo
  
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• Boris Johnson faces ‘serious questions’ over new business with uranium entrepreneur

  07-09-2024 20:19 via theguardian.com
  
  Former prime minister also under fire for hiring ex-aide Charlotte Owen as VP despite her lack of energy sector experience Boris Johnson failed to disclose that he met a uranium lobbyist while prime minister before entering into a new business with a controversial Iranian-Canadian uranium entrepreneur, the Observer can reveal.Johnson’s new company Better Earth Limited also employs Charlotte Owen, a junior aide with just a few years work experience whom he elevated to the House of Lords las
  
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• There’s no need to cut poorer pensioners’ income. Smarter winter fuel solutions are at hand | Steve Webb

  07-09-2024 19:33 via theguardian.com
  
  Payments could be restricted to those living in lower council tax bands, as money expert Martin Lewis has suggested• Winter fuel payments cut ‘one of the worst decisions I have ever seen’ says ex pensions ministerThe new government’s honeymoon period with the voters ended at 3.33pm on Monday 29 July. This was when the chancellor stood up to announce to MPs that all but the poorest pensioners would lose their winter fuel payments.The politics of this announcement were prett
  
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• Blame modern decisions, not just ancient history, for economic inequality | Torsten Bell

  07-09-2024 19:00 via theguardian.com
  
  Black Americans whose ancestors were enslaved were still suffering a century later because they lived in states where Jim Crow laws were enforcedPersistence studies are all the rage in economics – using clever maths to show that events in the distant past drive political or economic outcomes today. One well-known example argued that Britain’s superior growth to France as late as 1800 was shaped by… the collapse of the western Roman empire a millennium before. Here, the collaps
  
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• HMRC warning to anyone with over £8,000 in savings account

  07-09-2024 18:32 via express.co.uk
  
  People who have £8,000 in a savings account have been warned over a shock HMRC bill.
  
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• Labour’s first job is not to spend, but to fix the UK’s financial plumbing | Phillip Inman

  07-09-2024 18:00 via theguardian.com
  The UK urgently needs investment. But no one seems to know whether the institutions that deliver it are working as they shouldEvery time an upmarket home is bought in the UK, the new residents seem obliged to rip out the kitchen and install two bathrooms where there was only one.It is almost a cast-iron rule that walking across the threshold means paying builders to rearrange what was there before, almost for the sake of it. Continue reading...
  
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• Deliveroo accused of paying drivers below agreed minimum of £12 an hour

  07-09-2024 18:00 via theguardian.com
  
  One driver says rates do not account for waiting times, traffic, and customers taking time to answer the door Deliveroo has been accused of ­paying drivers below a minimum pay floor the company agreed earlier this year as part of the first-ever union ­agreement to cover earnings in the gig economy.Analysis carried out by Rodeo, an app that helps gig economy workers track their payments, showed that of 531 food orders completed in the past four months, 278 fell below the rate of £12
  
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• Labour tax raid could target state pensioners living alone for £390 each

  07-09-2024 17:35 via express.co.uk
  
  Chancellor Rachel Reeves has refused to rule out ending a discount which can provide as much as £394 off the average Council Tax bill.
  
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• Reeves can loosen Britain’s purse strings: she just needs to think outside the Treasury box | Philip Inman

  07-09-2024 17:00 via theguardian.com
  
  The chancellor claims she needs to shave pennies from all departments, but there are better options for dealing with the £22bn funding holePressure is building on Rachel Reeves to prevent some of the UK’s poorest pensioners being hit by restrictions on the winter fuel allowance. A plan to scrap the subsidy for all but those who claim pension credit, saving the exchequer £1.4bn, is under attack from opposition parties, trade unions and many inside Labour’s ranks.So far, th
  
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• ‘If journalism is going up in smoke, I might as well get high off the fumes’: confessions of a chatbot helper

  07-09-2024 17:00 via theguardian.com
  
  Journalists and other writers are employed to improve the quality of chatbot replies. The irony of working for an industry that may well make their craft redundant is not lost on themFor several hours a week, I write for a technology company worth billions of dollars. Alongside me are published novelists, rising academics and several other freelance journalists. The workload is flexible, the pay better than we are used to, and the assignments never run out. But what we write will never be read b
  
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• Rats, mould, damp: UK’s biggest student homes provider faces legal action over poor accommodation

  07-09-2024 16:33 via theguardian.com
  A tenants’ rights group is fighting for justice for residents of university halls who claim health affected by conditionsStudents across the country are demanding rent refunds from the UK’s biggest university hall owner, claiming they have endured infestations of rats, mice and bed bugs, and had their health affected by mould and damp.Flat Justice, a not-for-profit tenants’ rights group, has shared details with the Observer of group legal actions it is leading against Unite Stu
  
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• 'Labour winter fuel payment axe is dangerous - UK's poorest pensioners will suffer'

  07-09-2024 16:16 via express.co.uk
  
  EXCLUSIVE: The government says payments will still go to the poorest pensioners, but that is simply not true, says Baroness Altmann.
  
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• Private equity firm CVC in talks over buying Hundred cricket franchise

  07-09-2024 14:16 via theguardian.com
  CVC Capital Partners joins IPL owners in sales processECB hopes to raise £500m by selling 49% stake in teamsCVC Capital Partners is in talks about buying one of the Hundred franchises in what would be the first private equity investment in English cricket. The England and Wales Cricket Board issued sales decks for the eight franchises to interested parties on Friday and all 10 Indian Premier League owners are set to compete with CVC in a complex sales process it is hoped will be completed
  
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• Boeing’s Starliner spacecraft lands on Earth without its crew – video

  07-09-2024 14:13 via theguardian.com
  
  Boeing’s Starliner spacecraft landed in a New Mexico desert late on Friday, months after its original departure date and without the two astronauts it carried when it launched in early June. The spacecraft re-entered Earth’s atmosphere around 11pm ET. The Nasa astronauts Suni Williams and Butch Wilmore, who were supposed to fly the spacecraft back to Earth, remained at the International Space Station due to faults with the StarlinerBoeing’s Starliner lands on Earth – with
  
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• It’s zero hour: TUC to tell Labour it’s time to deliver workers’ new deal

  07-09-2024 12:00 via theguardian.com
  There will be joy over Labour’s victory at the trades union congress this week – but also a determination to see that promises are keptTwelve months ago, when the TUC met for its annual bash in Liverpool as Labour stood on the brink of power, Keir Starmer’s message to union leaders was “eyes on the prize”.Fresh from thrashing out the details of Labour’s workers’ rights package – the new deal for working people – in late-night talks, union lea
  
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• ‘Golden gap year’: how to make a midlife break work

  07-09-2024 11:00 via theguardian.com
  
  Sabbaticals are now a top workplace trend, but before you take the plunge, here it what you need to considerMaybe you can put it down as another post-Covid trend, such as working from home, but it’s clear something is going on. People working for a range of employers are increasingly hoping to take sabbaticals or extended time off, with many keen to improve their work-life balance by exploring the world for several weeks, several months or a year or more.Surveys and articles have talked ab
  
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• Body Shop’s remaining UK stores saved after rescue deal agreed

  07-09-2024 09:12 via theguardian.com
  
  British cosmetics tycoon Mike Jatania leads consortium to acquire UK’s 113 outlets and outposts in Australia and North AmericaThe Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.Auréa, the growth capital firm founded by Jatania and former UBS, Credit Suisse and Merrill Lynch executive Paul Raphael, said it had bought all the Body S
  
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• 'I made £1million in four years from what started as a side hustle - here's how I did it'

  07-09-2024 09:00 via express.co.uk
  
  EXCLUSIVE: Lewis Cromptom traded his job from retail worker to millionaire entrepreneur.
  
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• Martin Lewis' MSE issues urgent 30-day warning to anyone who has first class stamps

  07-09-2024 08:50 via express.co.uk
  
  Martin Lewis's Money Saving Expert website warns of Royal Mail's 22% first-class stamp price hike starting October 7.
  
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• Key financial dates for Brits: From wage figures to new energy price cap

  07-09-2024 08:00 via express.co.uk
  
  The second half of 2024 will see a series of major financial changes that will affect Brits' wallets, including the introduction of a new energy price cap
  
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• ‘I couldn’t sleep’: victims of UK fraud epidemic tell their story

  07-09-2024 08:00 via theguardian.com
  
  With banks set to slash the maximum refund, those who fell prey to scammers recount their trauma … and relief at full repayment“I couldn’t sleep. I was waking constantly thinking about it,” says Stephen of the trauma he felt after discovering he had been scammed out of £70,000 by fraudsters who tricked him into buying a fake high-interest savings bond.“I felt stupid – as a former solicitor, I thought: what was I thinking? But at the same time it was sop
  
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• Labour ministers reveal grave concerns about winter fuel payment cut

  07-09-2024 07:00 via theguardian.com
  
  Frontbenchers say they have had string of complaints from constituents and policy ‘won’t be worth the political hit’Cabinet ministers have grave concerns about Rachel Reeves’s plan to axe the winter fuel allowance for all but the poorest pensioners, the Guardian can reveal.Frontbenchers believe the government will have to announce extra support in the budget or even earlier to cushion the blow for some of the people worst affected by the cut. Continue reading...
  
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• DWP warning as £150 letter sent to millions of households across the UK

  07-09-2024 07:00 via express.co.uk
  
  The DWP will start sending letters to millions of households to tell them about a £150 boost to help with winter costs.
  
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• Drinking wine to 5: Dolly Parton launches prosecco and rosé range in UK

  07-09-2024 07:00 via theguardian.com
  
  Country music star’s ‘down to earth’ range at Asda goes head to head with Kylie for the ‘easy drinking’ top spotWhether it’s 9 to 5, Jolene or Islands in the Stream, Dolly Parton fans are no stranger to belting out her hits with a glass of wine in hand, but now they can sip her vino, too, as the singer’s “down to earth” wine range goes on sale in the UK.The brains behind Dolly Wines say they have bottled Parton’s “vivacious spirit
  
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• Sixth-generation wire-maker blames Brexit for shredding its business

  07-09-2024 06:00 via theguardian.com
  
  Owner of Ormiston Wire in London urges Keir Starmer not to forget small manufacturers in his dealings with EUThe head of a family-owned company that has made specialist wires and cables for six generations for clients ranging from naval vessels to film sets has blamed Brexit for shredding its business.Mark Ormiston, the owner of Ormiston Wire, said small businesses such as his had been flushed “down the toilet” by the masterminds of Brexit who gave little thought to the real-life con
  
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• Revealed: the touts offering Oasis tickets for thousands on resale sites

  07-09-2024 06:00 via theguardian.com
  
  Exclusive: ‘Secondary’ ticket platforms have thousands of tickets on sale, listed by seasoned touts or ‘sneaker kids’, based in the UK or overseasThe identities of “greedy” touts who hoovered up tickets for the Oasis reunion tour can be revealed, amid widespread condemnation of fans being exploited by ticket resale platforms.Analysis by the Guardian reveals that “secondary” ticketing platforms are advertising more than 4,500 tickets for all of the
  
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• An ‘earthquake’ at Volkswagen – and a crisis for Germany?

  07-09-2024 06:00 via theguardian.com
  
  The company is seen as crucial not just to local but national wellbeing – and never before have its workers been threatened in their own homeland like this‘Earthquake at Volkswagen” ran the stark headline in the Wolfsburger Nachrichten, the newspaper serving the north German city that is synonymous with the carmaker.The news that the crisis-stricken company was weighing up the closure of factories in Germany for the first time in its history, and prematurely dissolving its 30-y
  
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