Financial news

• The Guardian view on Andrew Bailey’s aggression: whatever traders think is true becomes fact | Editorial

  03-10-2024 19:57 via theguardian.com
  
  Balance of payments, interest rates, unemployment and inflation determine short-term currency prices, but they are dwarfed by foreign exchange speculationBefore Andrew Bailey, the governor of the Bank of England, spoke to this paper’s economics editor, the pound was the best-performing currency among Group of Ten (G10) wealthy nations. It was just a fraction away from reaching its level on the day of the 2016 Brexit referendum. While financial capital flows primarily determine the pound&rs
  
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• Tesco is unbeatable when it concentrates on the day job | Nils Pratley

  03-10-2024 19:29 via theguardian.com
  
  Having exited most of its overseas adventures the retailer is an advertisement for the virtues of sticking to the knittingIt is 17 years since the management of Tesco suffered a severe case of hubris and thought they could conquer the US. A supposedly small experiment with a format called Fresh & Easy ended in an embarrassing retreat and a near-£2bn write-off. And it is 10 years since the great accounting scandal and the bullying of suppliers, a crisis era mixed up with wacky diversion
  
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• Time is ticking for Labour to scrap the two-child limit – and then make Britain a welcoming place for children again | Polly Toynbee

  03-10-2024 18:06
  
  Axing the cap is the first step towards pulling children out of poverty. Could £2.5bn ever be better spent?At a stroke, this government could wipe out much of the extra child poverty caused by the last government. It would be a bargain, at a cost of just £2.5bn, revealed today in the Institute for Fiscal Studies’ assessment for the next budget. Authors Anna Henry and Tom Wernham have found the two-child benefit cap added significantly to the rising numbers of children thrown in
  
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• Martin Lewis warns state pensioners keeping warm without heating this winter

  03-10-2024 16:59 via express.co.uk
  
  Money expert Martin Lewis has issued a warning to state pensioners keeping warm without running the heating this winter.
  
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• Barclays, NatWest, Santander or HSBC to block payments for four days after law change

  03-10-2024 16:39 via express.co.uk
  
  Major high street banks will be given new powers after a law change.
  
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• NatWest makes one vital £17m warning to anyone spending money abroad

  03-10-2024 16:07 via express.co.uk
  
  NatWest's new research has revealed the one mistake Brits are making which is costing them more when travelling abroad.
  
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• Conflict in the Middle East will push Britain into an economic 'deep freeze'

  03-10-2024 15:37 via express.co.uk
  
  A clash with Iran would disrupt oil supplies from the Gulf, pushing up oil prices globally.
  
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• UK households handed £3,200 cost of living payments before Christmas

  03-10-2024 14:14 via express.co.uk
  
  While some payments will be made automatically, others will need to be claimed.
  
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• Not sure where to start with saving? Six things you need to know about cash Isas

  03-10-2024 14:11
  Cash Isas are one of the simplest ways to make your money work a bit harder for you. So how do they work – and what are the things to look out for when choosing a provider?1 It’s all in the nameThe most important thing to know about cash Isas, or any Isa for that matter, is what the acronym stands for: individual savings account. That’s all they are; somewhere sensible to stick any spare savings you might have. The only catch is that there is a maximum amount you can add into a
  
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• Stocks and shares v cold, hard cash: should I save or invest?

  03-10-2024 14:10
  Short or long term? Higher or lower risk? How best to make your money work for you will depend on your circumstances, but as with almost everything else in life it’s about striking a balanceMaximising the value of your money means finding the best places to keep it, from top performing savings accounts to stock market investments. The process can seem complex and at times stressful, but it will leave you better prepared for whatever lies ahead.Setting specific financial goals and aligning
  
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• How to stop ‘doom spending’ and take control of your finances

  03-10-2024 14:08
  Almost 16 million people have no savings, but the benefits of putting money away regularly go beyond financial gain. So what are the barriers to creating a nest egg and how can they be overcome?Savings offer stability, especially during the current era scarred by inflation and sky-high property prices. Yet the cost of living crisis has led growing numbers to shun savings. Three in 10 UK adults – or 15.9 million people – do not have any type of savings account, an increase from about
  
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• Start early: how to supercharge your savings as a younger person

  03-10-2024 14:07
  
  If you’re willing and able to put away some of your money over the long term, then you’d be doing yourself a favour by getting acquainted with compound interest – but even if you can’t right now it’s a very useful financial concept to understandMost of us will have heard the saying that time is money – a reminder not to fritter away our days. But did you know this maxim also applies to our personal finances? How, with a little planning and time, we can make an
  
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• Martin Lewis issues state pension warning to anyone born after 1951 or 1953

  03-10-2024 13:46 via express.co.uk
  
  Money expert Martin Lewis has issued state pension warnings to men and women born after 1951 and 1953.
  
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• Job advisers may be posted in NHS hospitals to get long-term sick back to work

  03-10-2024 12:57
  
  Disability charity says Labour plan must not become punitive or exacerbate ‘culture of mistrust and fear’Employment advisers are to be stationed in NHS hospitals under Labour plans to push people on long-term sickness leave back into work, as one disability charity said the proposal must not become a “punitive” measure.Wes Streeting, the health secretary, and Liz Kendall, the work and pensions secretary, are understood to want to expand a model used at the Maudsley psychi
  
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• Unresolved water complaints in England and Wales rise to near-decade high

  03-10-2024 08:36
  
  Customer disputes over sewage spills, billing mistakes and water meters soar in past yearBusiness live – latest updatesThe number of customer complaints that were unable to be resolved by water companies in England and Wales has risen by almost a third to the highest level in nearly a decade.There was a 29% increase in 2023-24 in cases escalated to the Consumer Council for Water (CCW) by households that failed to achieve a resolution from their supplier, the watchdog said. Continue reading
  
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• UK banks given extra three days to delay payments in effort to beat scams

  03-10-2024 07:00 via theguardian.com
  
  High street banks handed new powers by the Treasury to delay and investigate payments suspected of being fraudulentBank payments can be delayed by an extra three days if lenders suspect consumers are being scammed, as part of a crackdown on booming levels of digital fraud in Britain.Under changes designed to protect consumers against online scams, high street banks are to be handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent. Continue reading...
  
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