Financial news

• Martin Lewis oven and microwave changes to help state pensioners 'survive' this winter

  09-09-2024 22:40 via express.co.uk
  
  State pensioners are going to be worse off this winter but some Martin Lewis cost of living survival help could be useful for those who are worried.
  
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• Octopus Energy sending £200 to state pensioners losing their Winter Fuel Payment

  09-09-2024 22:22 via express.co.uk
  
  State pensioners losing their Winter Fuel Payment can get £200 from Octopus Energy.
  
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• Two million people heading for pension crisis as Brits warned of 'collapsing savings'

  09-09-2024 21:40 via express.co.uk
  
  Millions could retire with just £15,000 a year to live on because their pension pots will be left empty, a report warns.
  
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• Rachel Reeves tells Labour MPs she is ‘not immune’ to concerns over winter fuel allowance plans – as it happened

  09-09-2024 21:09
  
  Chancellor tells meeting of parliamentary Labour party there will be more difficult decisions to comeLike the Telegraph (see 11.25am), the Times has also published a new article with a Tory endorsement for Kemi Badenoch, but this one is potentially more significant. Margaret Thatcher is no longer with us, but for Conservative party members she is still the one figure from the party’s recent past whose authority is more or less unquestioned and Peter Lilley has written an article claiming t
  
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• Martin Lewis: authorities handle unpaid council tax like ‘worst loan sharks’

  09-09-2024 20:00
  
  Consumer finance expert says one missed monthly payment can trigger a large cash penalty within weeksThe consumer finance expert Martin Lewis has accused local authorities of acting like “the worst loan sharks” in what he says is their aggressive and intimidating pursuit of vulnerable residents who fall behind on council tax payments.In a blistering attack, Lewis accused councils of using “grotesque” collection practices that can mean a single missed monthly payment escal
  
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• The Guardian view on Keynesian naivety: workers must be able to bargain for a fair share | Editorial

  09-09-2024 19:30
  
  As the TUC annual conference begins, new figures from the UN show why productivity growth doesn’t naturally benefit everyone“Within a hundred years,” wrote John Maynard Keynes in 1930, humanity’s “economic problem” – the requirement to work to produce the goods and services that sustain us – would be resolved. In his essay Economic Possibilities for our Grandchildren he said “the standard of life in progressive countries … will be betw
  
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• Equal pay hearing affecting thousands of Asda shop workers begins

  09-09-2024 19:28
  
  Case is about whether the mainly female roles are equal to predominantly male warehouse staff, who are paid moreMore than 60,000 Asda shop workers have begun a key stage in their fight for equal pay in a long-running case that could lead to more than £1.2bn in compensation.The employment tribunal started a hearing on Monday, expected to last about three months, into whether mainly female shop workers’ roles are of equal value to predominantly male warehouse workers who are currently
  
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• The Guardian view on a boost for buses: reversing deregulation is the right move | Editorial

  09-09-2024 19:25
  
  Empowering councils as well as mayors to run buses is a step towards the transport integration England needsAndy Burnham, the mayor of Greater Manchester, led the way. His project to create an integrated transport system for the city region was central to his pitch to voters – a practical feat of organisation and an emblem of civic identity. Judged by passenger and punctuality figures, it has paid off. In January next year, bus services that have not yet joined the yellow-and-black branded
  
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• Winter Fuel Payment vote predictions as benefit ‘gives money to people who don’t need it’

  09-09-2024 19:04 via express.co.uk
  
  The Winter Fuel Payment vote is expected to take place tomorrow, with a number of possible outcomes that could impact pensioners across the nation
  
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• Barclays slashes mortgage rates although reductions come with a catch

  09-09-2024 18:46 via express.co.uk
  
  The move by Barclays follows a reduction earlier in the day from the TSB while other lenders are expected to follow suit over the next few days.
  
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• This winter fuel fiasco will save Labour £1.3bn this year. But it will cost Starmer more | Simon Jenkins

  09-09-2024 17:34
  
  The PM’s poor approval rating suggests a tricky road ahead, and the Treasury’s macho posturing won’t help anyoneShould the pensioners’ winter fuel allowance be cut? For most people it’s a simple question, though most people’s opinion is of no account. For 404 Labour MPs, however, it is indeed of account. They get to vote on it.Yet up to 50 are said to be struggling, with dozens being persuaded by their whips merely to abstain rather than vote against. What is
  
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• Keir Starmer's incoming hammer-blow to UK economy is already making businesses nervous

  09-09-2024 17:08 via express.co.uk
  
  KPMG has warned that Keir Starmer and Rachel Reeves' doom-and-gloom politics are already having an effect.
  
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• Politics Weekly Westminster: Winter fuel payments test for Labour – podcast

  09-09-2024 17:00
  The Guardian’s Pippa Crerar and Kiran Stacey talk about Labour’s first big test in parliament over their winter fuel payments policy. Plus, will Keir Starmer’s trip to Washington be awkward after his decision on arms licences to Israel? Continue reading...
  
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• Rachel Reeves urged to launch new ‘death raid’ on second homes and shares

  09-09-2024 15:52 via express.co.uk
  
  The call for change comes from experts at the independent Institute for Fiscal Studies
  
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• Downing Street gives DWP winter fuel payment cut update after 'easing' suggestions

  09-09-2024 14:56 via express.co.uk
  
  Plans by Labour to change eligibility for the Department for Work and Pensions' winter fuel payment have caused controversy.
  
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• Why is Labour’s proposed winter fuel payments cut controversial?

  09-09-2024 14:00
  
  The decision has become Labour’s first political crisis but is the government likely to change course?The decision to axe winter fuel payments in England and Wales for all but the poorest pensioners has become the Labour government’s first political crisis. So what is it about? Continue reading...
  
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• Welcome aboard: I’m Rich. Easyjet is seeking older cabin crew, but would you want to fly with me? | Rich Pelley

  09-09-2024 11:00
  
  With my brightest orange tie, I headed to the open day. Others could open the door in a crisis and deal with drunkards, but I’m not that guyFor the life of me, I can’t work out how to open the damn aeroplane door from the inside. I’ve been shown three times by easyJet cabin crew trainer Dilyana. I’ve watched four members of the public manage it easily. Yet when I eventually pull the right combination of levers, I forget to hang on to the handle on the wall. The door swing
  
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• As a polar guide I need to take a gun to the Arctic. But airlines are freezing me out

  09-09-2024 10:00
  I’ve been repeatedly forced to pay a fare before finding out that firearms can’t be carried – after the refund window has closedI am a polar guide. I frequently travel to Spitsbergen, the Arctic island, with my firearm, which I carry as last-resort protection in case I am attacked by a polar bear. It is something I hope that I never have to use. For the last five years or so, I have flown with it in and out of Manchester airport without issue. The problem now is that airlines w
  
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