Financial news

• OVO Energy boss assures state pensioners 'it's on us' after £300 Winter Fuel Payment lost

  03-12-2024 22:04 via express.co.uk
  
  Energy firm OVO is sending state pensioners support after they lost their Winter Fuel Payments this winter.
  
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• 8 money changes for UK households in December with exact dates to get cash

  03-12-2024 20:56 via express.co.uk
  
  Money changes will be taking effect throughout December but there are several dates you can claim cash.
  
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• Musk’s legal battle for his $56bn goes on. Tesla’s board still looks supine | Nils Pratley

  03-12-2024 19:54 via theguardian.com
  The craven stance of Tesla’s board should not be lost in the legal back-and-forthThe first time around, judge Kathaleen McCormick of the Delaware court of chancery got it right. The $56bn pay package awarded by Tesla to Elon Musk in 2018 was indeed a governance abomination, a stitch-up in which ordinary shareholders weren’t told about the “deeply flawed” process whereby a “superstar ceo” secured wildly over-the-top terms from pliant directors.Her closely argue
  
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• The global shipping industry is on a path to net zero | Letters

  03-12-2024 18:56 via theguardian.com
  Mark Dickinson of the Nautilus International trade union responds to an editorial about the environmental harm caused by cruise shipsYour editorial on cruise ships (26 November) asserts that the International Maritime Organization’s carbon-reduction targets “do not put it on a path to net zero”. We disagree. In July 2023, the IMO adopted a revised greenhouse gas strategy committing the global shipping industry to achieving net zero greenhouse gas emissions by 2050. Th
  
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• Chargers are key to the electric vehicle transition | Letters

  03-12-2024 18:56 via theguardian.com
  
  Stephen Smith says people won’t buy EVs until they can easily access the energy needed to drive them. Raj Parkash thinks every car should be charged using the same mechanismGaby Hinsliff’s article (Starmer has discovered a tricky truth about the electric vehicles transition: there’s no gain without pain, 29 November) doesn’t address the key point in the analysis of car companies’ difficulties in selling enough electric vehicles (EVs). There is a lack of demand that
  
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• This hidden Budget tax risk could devastate UK economy – it’s another Rachel Reeves fiasco

  03-12-2024 18:42 via express.co.uk
  
  As if chancellor Rachel Reeves hadn't already inflicted enough damage on the UK economy, experts are warning of yet another hidden horror.
  
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• Best savings account in December paying bumper 7.85%

  03-12-2024 16:26 via express.co.uk
  
  Interest rates are expected to fall further in the coming months, making this an opportune time for savers to secure a top rate.
  
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• Simple step cuts £140 off gas and electricity bills to beat energy cap hike

  03-12-2024 15:55 via express.co.uk
  
  It's going to be a long, cold winter for millions as energy bills start rising again - while Labour scraps the winter fuel allowance for 10 million pensioners at the worst possible time.
  
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• Millions may face disappointing retirement due to mortgage burdens

  03-12-2024 14:55 via express.co.uk
  
  A lot of people are in danger of stretching their retirement finances to breaking point, says Steve Webb
  
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• ‘It feels like a startup energy’: Google’s UK boss on the advent of AI

  03-12-2024 14:00 via theguardian.com
  
  While the tech giant wrestles with an US antitrust case, its managing director in London is pushing hard on the commercial possibilities of artificial intelligenceGoogle’s central London office cost as much as a tech unicorn and the company’s UK boss, Debbie Weinstein, says it pulses with a similar spirit.“It feels like a startup energy,” she says. Continue reading...
  
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• From biscuits to plants: 20 easy gifts so good we buy them on repeat

  03-12-2024 10:00
  
  Need a generic but thoughtful gift? Here’s our inspiring list of affordable, and often useful, failsafe presents we buy time and againWe’ve all been there: royally stumped for a present for someone, be it a newly acquired father-in-law whose taste you don’t yet know, or a birthday you’d forgotten about. That’s when you reach for your fail-safes – the gifts you’ve bought time and again because, well, they’re a winner every time.From a kids’ ga
  
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• Nationwide blocked my disabled brother’s vital trust account

  03-12-2024 09:30
  
  Without warning, we couldn’t access the money left to him by our late motherMy brother and I are trustees for a Nationwide trust account left by our late mother 14 years ago to support our disabled brother. Nationwide recently wrote to say it intended to close this account and required the original trust document and the HMRC registration. Continue reading...
  
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• How to buy preloved items to give as Christmas gifts

  03-12-2024 08:00
  
  Have a plan, know what you want and do the safety checks … and be prepared to get up earlyBuying preloved often requires more thought and preparation than buying new, so make time to find the perfect gift. Monica Marriott-Mills, who publishes on TikTok about secondhand style, starts by making a list for each person she needs to buy for. Continue reading...
  
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• How do I get out of a lease for a Renault electric car battery?

  03-12-2024 08:00
  
  Reader says it is unfair she would have to pay £2,000 to buy the battery in her Zoe, or £400 to have it removedI own an eight-year-old Renault Zoe and lease the battery for £50 a month from Mobilize Financial Services. As the vehicle is getting older, I asked what would happen to the lease if the car broke down and was too expensive to repair.Mobilize says I have two options: to buy the battery and end the lease or pay for it to be removed and returned to Renault.Continue readi
  
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• George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy | Polly Toynbee

  03-12-2024 07:00
  
  ‘Tax wealth, not work’ would be a powerful message for Starmer and Reeves – are they bold enough to pursue it?Now he’s retired from casting millions of people into poverty, George Osborne has become another flaunting, flamboyant example of a fast-growing phenomenon: the wealth he was born with sticks to him and accumulates.A “windfall” for Osborne, says the Financial Times. He took a share of the £70m profits last week as partner in a boutique financial
  
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• Jaguar unveils much-hyped electric car after online leak

  03-12-2024 04:04
  
  Early online reaction suggests the concept car might appear more familiar to fans of Barbie or the Pink Panther than traditional Jag ownersExperts’ verdict on Jaguar’s electric car launchJaguar boss says it has shown ‘fearless creativity’Business live – latest updatesJaguar unveiled its much-hyped electric concept car in Miami on Monday, just hours after leaked images of the rebranded vehicle were circulated online.Early online reaction suggests the concept car migh
  
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