Financial news

• What the bond market turmoil means for your mortgage, pension and savings

  09-01-2025 18:55
  
  While age is a factor in how people are affected, the turbulence is not all bad news, experts suggestThe bond market sell-off has revived fears about rising borrowing costs after the crisis that followed Liz Truss’s disastrous mini budget in 2022. However, experts are suggesting there is no need to panic. Here is what it may mean for mortgages, pensions and savings. Continue reading...
  
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• How to make the heat-pump transition take off | Letters

  09-01-2025 18:37
  
  Denise Griffin would like to see a practical plan for town and country. Mark Vernon calls for a communal system I have a heat pump (Letters, 5 January). It’s not much use to me today as the electricity is out because of the bad weather, my house is beyond cold and what I’d give for a fire – at least I could burn furniture to keep my family warm!Our heat pump has broken down on several occasions and no local plumber can deal with it – as they don’t know how &nda
  
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• Cash in the cupboard for life’s essentials | Brief letters

  09-01-2025 18:36
  
  Smart money storage | The root of solving crosswords | Pink rabbit birthday treats | Chancers and buffoons | Facebook factsWhen my father died in 1982, I retrieved the cash box (green, metal, with a lock) on a string, hooked to the back of a cupboard. In it were cigar tins labelled Insurance, Holiday and Electric, with a sum of money in each (Cash makes surprise comeback amid 4.6% annual rise in ATM withdrawals, 7 January).
  Mike Morris
  London• Besides being the basis of many languages,
  
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• Judge halts attempt to retrieve £600m bitcoin wallet from Welsh dump

  09-01-2025 17:12
  
  James Howells, 39, took council to court to try to force it to let him search site for hard drive thrown away by accidentA computer expert’s decade-long battle to recover a £600m bitcoin fortune he says has been lost in a council dump has been halted by a judge.James Howells, 39, launched a legal case to force Newport city council to allow him to search the site to retrieve a lost hard drive containing the bitcoins. Continue reading...
  
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• London council aims to become first in England to offer universal school uniform payment

  09-01-2025 16:47
  
  Tower Hamlets will offer help up to £150 a child for households earning less than £50,350A London council is likely to become the first in England to offer a “universal” payment towards school uniform costs to households on an income of less than £50,350.MPs were this week debating government plans to ban schools in England from requiring parents to buy more than three branded uniform items, plus a tie – but Tower Hamlets council said that “simply isn&rs
  
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• Lloyds to let customers use Halifax and BoS branches, raising job cut fears

  09-01-2025 14:18
  Account holders at the group’s three brands will be able to use any of their locations, but unions fear site closuresLloyds Banking Group will allow customers to use any of its Halifax, Bank of Scotland and Lloyds branches as part of a shake-up that has sparked fears of job cuts and site closures, weeks before a strategy update by its chief executive, Charlie Nunn.A memo circulated to staff earlier this week explained that customers would be able to conduct their in-person banking at branc
  
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• London has a congestion charge – and traffic in gridlock. We need other ways to end the obsession with cars | Jonn Elledge

  09-01-2025 13:00
  
  The charge was seen as draconian, but new thinking is now essential. Look to the cities trying a range of bold ideasThere was a moment, during the long, strange summer of 2020, when it felt like Covid might reshape London, as it seemed set to change so much else. The streets of the capital, so long given over to dangerous metal boxes spewing out fumes, felt open to human life once again. Main streets were closed to private traffic; and an abundance of new low-traffic neighbourhoods (LTNs) and cy
  
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• Permanent job vacancies in UK shrink at fastest pace for four years

  09-01-2025 06:00
  
  Job market data deepens sense of gloom enveloping UK plc as analysts plan close look at effects of NICs rise on hiringVacancies for permanent jobs in the UK declined at their fastest pace for four years last month, according to a new survey that adds to the gloomy economic mood.Amid febrile markets and weak economic data, the monthly jobs report from the consultancy KPMG and the recruitment firm REC shows many firms reluctant to hire. Continue reading...
  
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