Financial news

• UK landlords rush to sell amid fears of capital gains tax rise in budget

  16-10-2024 14:44 via theguardian.com
  Rightmove says record 18% of homes for sale in September had previously been rented outLandlords in the UK appear to be selling up in record numbers, according to property website Rightmove, possibly driven by fears of a rise in capital gains tax (CGT) in this month’s budget.Figures from the listings website published on Wednesday showed that 18% of homes up for sale in September had previously been available to rent – the highest figure since it started collecting data in 2010. Cont
  
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• Surprise fall in UK inflation badly timed for benefit recipients

  16-10-2024 12:04 via theguardian.com
  
  Payments such as universal credit linked to previous September’s figure, meaning a rise of just 1.7% in AprilLast month’s surprise fall in UK inflation lands with bad timing for millions of people who receive state benefits linked to the figure, who can now expect their payments to rise by just 1.7% next April.A number of benefits, including universal credit, are increased each tax year in line with the cost of living figure for the previous September. Continue reading...
  
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• We live in a treat culture – and gen Z is splurging on snacks | Arwa Mahdawi

  16-10-2024 12:00 via theguardian.com
  
  When times are hard, people opt for affordable luxuries. So should you splash out on that highly Instagrammable $19 smoothie?The last time I happened to find myself in Los Angeles (which is not a place I often happen to find myself), I did what every visitor to La-La Land is now obliged to do: I went to the world’s most zeitgeisty grocery store to gawp. Those of you familiar with Erewhon will already know exactly what I’m talking about. For those who don’t: Erewhon is a high-en
  
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• I’m stuck on the zero-hours job treadmill. Here’s why Labour’s reforms won’t help workers like me | Rose Atkinson

  16-10-2024 11:09 via theguardian.com
  
  Having no rights or stability wrecks your mental and physical health. The employment rights bill isn’t enough to change thatMy working life has been full of insecurity and precarity. I’m 34 now and I wasn’t even paid minimum wage until I was over 25. Of the many, many jobs I’ve worked, I’ve been on a zero-hours contract on all but two occasions.I’ve been trying to get into the fashion world for nine years. I graduated in 2015 with a degree in tailoring, which
  
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• How to cut through the small print on savings accounts

  16-10-2024 09:48 via theguardian.com
  
  Some best-buy, high-paying accounts are not always the best for you Providers are jostling for position at the top of the best-buy tables – but the best-paying accounts often come with caveats that can catch out unwary savers. Continue reading...
  
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• Labour may hike inheritance tax to 50% and tax every gift you get in brutal Budget raid

  16-10-2024 09:01 via express.co.uk
  
  If you're thinking of making gifts to children or children then don't hang around because chancellor Rachel Reeves could target inheritance tax in her Autumn Budget.
  
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• UK inflation drops below 2% target for first time since 2021

  16-10-2024 08:00 via express.co.uk
  
  The Office of National Statistics has released the latest inflation figures, which may spell positive news for mortgage holders.
  
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• Refusing me a mobility grant has lost me my independence

  16-10-2024 08:00 via theguardian.com
  
  I need a complex driving solution, but don’t qualify for a wheelchair accessible vehicleI am a 51-year-old double amputee and full-time electric wheelchair user. I feel I’m being robbed of my independence because my grant for a wheelchair-accessible vehicle has been turned down.I need a complex driving solution (CDS). This means an electronically assisted ramp and tailgate, a docking plate to secure my powerchair, and a driver’s seat that spins so I can transfer to drive with h
  
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• How to cut through the small print on easy-access savings accounts

  16-10-2024 08:00 via theguardian.com
  
  Some best-buy, high-paying accounts are not always the best for you Providers are jostling for position at the top of the best-buy tables – but the best-paying accounts often come with caveats that can catch out unwary savers. Continue reading...
  
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• DWP abandons 'sick note' PIP voucher plan as Labour begins eying benefits reform

  16-10-2024 07:24 via express.co.uk
  
  DWP disability minister Sir Stephen Timms has said the new Labour government has "no intention" of pressing ahead with the widely-derided PIP voucher plan
  
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• TV tonight: Phil Spencer is bowled over by New Zealand’s most amazing homes

  16-10-2024 07:20 via theguardian.com
  
  The property guru takes a tour of the country’s most spectacular residences. Plus: Cush Jumbo poses for Portrait Artist of the Year. Here’s what to watch this evening10pm, Channel 4 Continue reading...
  
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• English homes ‘face decades of high bills and emissions’ without urgent action from ministers

  16-10-2024 07:00 via theguardian.com
  Bring in ‘future homes standard’ or leave families at risk of higher bills and emissions for decades, MPs and experts sayMinisters must take steps now to ensure that all homes are built to the most efficient low-carbon standards, or risk locking households into higher bills and greenhouse gas emissions for decades to come, a group of MPs and experts have urged.The government is mulling changes to the building regulations in England to bring in a “future homes standard” th
  
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• UK households urged to use £1 tin foil and crisp packets to heat home this winter

  16-10-2024 06:00 via express.co.uk
  
  The Ofgem price cap rise this month does not have to leave your home in the cold this winter
  
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• Canada life report reveals 67 state pension age bombshell as fears grow

  16-10-2024 05:11 via express.co.uk
  
  Financial institution's research indicates that people are not discussing the potential implications of living longer with their family or loved ones
  
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• Lifetime ISA warning as area with the most savers can’t even use the funds

  16-10-2024 04:18 via express.co.uk
  
  A wealth firm has called for changes to the ISA as more and more people are finding themselves unable to use the savings pot.
  
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• DWP's new system for benefits and pensions sees delay as some in hospital face penalties

  16-10-2024 03:41 via express.co.uk
  
  The Government has confirmed that it is developing a new 'digital channel' which will allow people on benefits and the State Pension to report a change
  
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• Don’t book expensive driving tests through reseller sites, warns RAC

  16-10-2024 01:01 via theguardian.com
  
  Learners trying to beat backlog can pay up to £195 with brokers who buy up slots and sell them on, according to motoring organisationThe RAC has issued fresh warnings to desperate learner drivers trying to beat the backlog by booking tests through unregulated websites after it found they could be paying up to four times the going rate.The average waiting time for a test across England, Scotland and Wales is about four and a half months and many learners have turned to brokers who book out
  
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• Minister vows to end scandal that left thousands of UK carers in debt

  16-10-2024 01:00 via theguardian.com
  Exclusive: Overhaul of system that imposed draconian penalties for innocent errors in benefit claims is expectedDraconian penalties that caused unpaid carers to rack up thousands of pounds of debt after unwittingly falling foul of benefit rules are to be overhauled, the government has announced.The move comes six months after a Guardian investigation revealed tens of thousands of vulnerable carers were being ordered to repay hefty overpayments – and even threatened with criminal prosecutio
  
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