Financial news

• England’s bus fare cap will rise from £2 to £3 in 2025, says Starmer

  28-10-2024 17:22 via theguardian.com
  
  People understand tough decisions are needed to fix public finances, PM insists in pre-budget commentsUK politics live – latest updatesThe bus fare cap in England will rise from £2 to £3 at the end of this year, Keir Starmer has said, as Rachel Reeves prepares to raid transport funding in this week’s budget.The prime minister told an audience in Birmingham that the money to fund the £2 cap would run out at the end of 2024 and that the Labour government would then no
  
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• UK households urged to make 7 changes to avoid Labour Budget tax rises on Wednesday

  28-10-2024 16:24 via express.co.uk
  
  Households across the UK are being told to get their finances in order in 7 key ways to avoid Labour tax hikes this Wednesday.
  
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• Six money checks to make before Rachel Reeves' Budget on Wednesday

  28-10-2024 16:13 via express.co.uk
  
  Some financial checks made now can "really pay off", experts have said.
  
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• DWP giving £354 a month to everyone who meets ‘35 hours rule’

  28-10-2024 16:04 via express.co.uk
  
  Thousands can get an income boost of more than £300 a month
  
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• Lloyds ‘assessing’ impact of landmark court ruling on car loans

  28-10-2024 15:41 via theguardian.com
  
  Lender holds about £15bn in loans through Black Horse and could have to pay compensation for mis-sellingBusiness live – latest updatesLloyds Banking Group has said it is assessing the potential impact of a landmark court ruling over car finance mis-selling on Friday, which may lead to lenders paying out billions of pounds in compensation to borrowers.The bank, which is the most exposed among high street lenders and holds about £15bn in car loans through its Black Horse division
  
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• Warning over state pension Inheritance Tax age limit change for people born in these years

  28-10-2024 15:28 via express.co.uk
  
  A warning has been issued over a potential change for state pension Inheritance Tax age limits for people born in these years.
  
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• All the tax rises that could be announced in Labour's first Budget this week

  28-10-2024 15:24 via express.co.uk
  
  As the Chancellor Rachel Reeves is set to announce the first Budget of the new government, here are some potential tax changes we could see
  
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• UK households urged to stash money in ISA before Wednesday

  28-10-2024 14:58 via express.co.uk
  
  UK households are being urged to stash money in an ISA before this Wednesday.
  
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• State pensioners set to lose £13,920 from Wednesday after Labour Budget changes

  28-10-2024 14:46 via express.co.uk
  
  Labour has warned of a "painful" budget coming this autumn which could see taxes increased for people of all ages and pensioners won't escape the pain.
  
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• DWP sends £420 to people on Universal Credit after Winter Fuel Payment row

  28-10-2024 13:55 via express.co.uk
  
  The rule change is expected to be announced in this week's Autumn Budget.
  
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• Rachel Reeves tipped to deliver double-whammy property hammer-blow in Budget

  28-10-2024 13:49 via express.co.uk
  
  Chancellor Rachel Reeves and the Labour Party were supposed to turn things around, but one group could receive a devastating blow on October 30.
  
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• How young people can cash in on discounts or go for free in UK

  28-10-2024 11:00 via theguardian.com
  
  From transport to cinema and gyms, there are ways for under-25s to save moneyThere are regional schemes that offer cheap or free travel to young people. In London, travel on buses is free with a 16+ Zip Oyster photocard, rather than £1.75 a trip, and you get 50% off adult pay as you go fares on the tube, DLR and London Overground until 30 September in the year after your 18th birthday. If you are 19 and turned 18 before 31 August, live in Greater London and are in the sixth form, college o
  
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• UK’s financial ombudsman ‘misleads consumers it is supposed to help’

  28-10-2024 10:00 via theguardian.com
  
  University researchers have accused the service of overstating the number of cases it has upheld in favour of the people who complain to itPeople who go to one of the UK’s main customer complaints bodies for help are being “misled” about their chances of success because it is inflating the number of cases upheld in favour of consumers, an academic study claims.Researchers from Warwick University say they have uncovered “some very concerning practices” at the Financi
  
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• More needs to be done to tackle barriers faced by older UK jobseekers, say experts

  28-10-2024 08:00 via theguardian.com
  
  Campaigners urge ministers to set out plans to encourage people over 50 back into the workplaceWhen investment firm Canada Life took on and trained a group of over-50s at its Isle of Man investment headquarters recently, managers had three concerns: the new recruits turned up to work too early, they dressed in suits – and they peppered their bosses with questions.Once persuaded to adopt a slightly more casual dress code, however, the older workers became valued employees. Continue reading.
  
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• I was stopped from flying with a dangerous weapon … my walking stick

  28-10-2024 08:00 via theguardian.com
  
  We were turned back by security at the airport because it had a metal tipOn a recent flight from Newcastle airport, security stopped us from taking our walking sticks into the cabin. We are both in our 70s, have mobility issues, and have taken our Leki Wanderfreund walking poles on other flights without issue. We were told these were now banned, as the metal tip under the rubber bung could be sharpened and used as a weapon. The tip of my stick is 3mm long, and my wife’s does not have one a
  
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• London’s Aim shrinks to smallest since 2001 amid fears of tax relief changes

  28-10-2024 01:01
  
  UHY Hacker Young says 92 companies have delisted and only 10 floated on junior stock market in past yearThe UK’s Alternative Investment Market (Aim) has shrunk to its smallest size in 23 years as business owners and investors anticipate an abolition of inheritance tax relief in the budget this week.The accountancy group UHY Hacker Young calculated that 92 companies have delisted from Aim, London’s junior stock market, in the past year, reducing the total number of companies on Aim to
  
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• Carbon emissions of richest 1% increase hunger, poverty and deaths, says Oxfam

  28-10-2024 01:01
  
  Consumption of world’s wealthiest people also making it increasingly difficult to limit global heating to 1.5CThe high carbon emissions of the world’s richest 1% are worsening hunger, poverty and excess deaths, a report has found.Owing to luxury yachts, private jets and investments in polluting industries, the consumption of the world’s wealthiest people is also making it increasingly difficult to limit global heating to 1.5C. Continue reading...
  
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