Financial news

• From backwater to hotspot: how HS2 could bring £10bn economic boost to Old Oak Common

  02-03-2025 14:23
  Nearby development is booming as the west London rail mega-hub takes shape, helping feed prospects of 22,000 new homes and 19,000 new jobsOverlooking one of Europe’s biggest building sites might not be every luxury apartment dweller’s ideal view, but at least one man is revelling in it.Below the new 54-storey Icon Tower, Old Oak Common station is starting to take shape: the initial London hub of HS2, and the catalyst for the economic transformation of an unloved part of west London.
  
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• US Postal Service faces murky future as Trump mulls dismantling institution

  02-03-2025 14:00
  
  Resistance to any proposals remains speculative until administration lays out its plan for the federal agencyAfter the postmaster general, Louis Dejoy, a former Trump fundraiser and logistics executive appointed during the president’s first term, announced last month that he was stepping down, defenders of the US Postal Service (USPS) concerned that the 249-year-old institution could soon experience the slice and slash of Elon Musk’s “department of government efficiency”
  
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• Read the signs of Trump’s federal firings: AI is coming for private sector jobs too

  02-03-2025 14:00
  
  Dismissing 6,700 IRS workers during tax season is a recipe for chaos but AI’s disruption will be much more widespreadThe Trump administration recently announced that it would be laying off approximately 6,700 workers at the Internal Revenue Service, about 8% of the people employed by the agency. Tens of thousands of federal employees at other agencies are also losing their jobs.The timing could not be worse. We’re in the middle of the tax season with corporations and individuals faci
  
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• ‘I’m selling the Nazi mobile’: Tesla owners offload cars after Musk’s fascist-style salutes

  02-03-2025 14:00
  
  Tesla once appeared the future of vehicles. Then Musk’s salutes and support at Trump’s inauguration left owners feeling ‘saddled with a symbol of hate’Don’t let a billionaire’s algorithm control what you read. Download our free app to get trusted reporting.When Elon Musk unveiled Tesla’s “truck of the future” in 2019, Filipos could barely contain his excitement. He quickly paid $100 to get on the waitlist. Filipos described himself as a &ldqu
  
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• Bitcoin price falls by 17.5% in biggest monthly loss since 2022

  02-03-2025 12:41
  
  Cryptocurrency slips into technical bear market as optimism after Donald Trump’s election win fadesBitcoin has recorded its largest monthly loss since June 2022, pushing it into a bear market as the euphoria over cryptocurrencies after Donald Trump’s election win faded.The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its 11th worst month in the last decade, as negative sentiment gripped financial markets. Continue reading...
  
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• The world has changed – it's time for a radical Labour rethink on the economy | Heather Stewart

  02-03-2025 12:11
  
  With Trump’s true intentions clear, new thinking is needed to fund UK defence, be it fully seizing Russian assets or reversing Hunt’s NI cutsPrincipled political resignations are rare at Westminster, so Annaliese Dodds’s departure on Friday, over Labour’s cuts in aid to fund defence spending, was a significant moment.In her powerful resignation letter, Dodds rightly highlighted the heavy costs of the cuts for some of the world’s poorest people, compounding the damag
  
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• Elon Musk’s quest for power has a new target: Wisconsin’s supreme court

  02-03-2025 12:00
  
  The Trump ally is spending millions to back a Republican candidate in the state, where he has business interestsHe is slashing US government agencies, building electric vehicles and space rockets and running one of the world’s biggest social media platforms. But Elon Musk has still found time – and money – to meddle in a relatively obscure election in a state of 6 million people.The close ally of Donald Trump is spending millions of dollars in an effort to tip the scales in fav
  
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• Time for UK to dump Trump and strike our own minerals deal with Zelensky - it's win win

  02-03-2025 11:08 via express.co.uk
  
  PM Keir Starmer avoided humiliation at the hands of President Donald Trump last week. The moment will come, given time.
  
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• Keir Starmer to axe Ed Miliband in the Spring - we can't wait that long!

  02-03-2025 09:21 via express.co.uk
  
  PM Keir Starmer is reportedly planning to axe Ed Miliband show in a Spring reshuffle. What took him so long?
  
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• Rail fares rise by 4.6% in England and Wales

  02-03-2025 09:13
  
  Campaigners say if government can find money to freeze fuel duty for motorists they can do similar for railwaysRail passengers in England and Wales face a steep increase in the cost of travel from Sunday, with fares rising by 4.6% and most railcards going up by £5.The government said the rise is needed because of the dire financial state of the railway, but transport campaigners contrasted it with Labour prolonging the freeze on fuel duty for motorists. Continue reading...
  
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• First, catch your (CGI) dragon: hope that visual effects breakthrough can reanimate UK film industry

  02-03-2025 09:00
  
  Pioneering startup technology allows camera operators to see on-screen graphics while filming in real world, rather just imagining themEven the most talented visual effects artists would struggle to make their profession sparkle right now.Technicolor, one of the most famous names in movies, went into administration last week, a symptom of a malaise hanging over a British film industry hit by budget cuts and competitors overseas. Continue reading...
  
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• DWP concerns over 'intrusion into privacy' as bank account checks to see 'all accounts'

  02-03-2025 08:50 via express.co.uk
  
  New powers will allow investigators to request details of bank statements
  
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• Mine copper without destroying the planet? London-based project gives scientists hope

  02-03-2025 08:00
  
  Experts hope research can create greener methods of extracting the metal vital for renewable energy revolution and boom in electrical devicesIt is the key ingredient of bronze, the alloy that helped create some of the world’s greatest civilisations and took humanity out of the stone age on its way to modern times. For good measure, the metal is invaluable for electrical wiring, plumbing and industrial machinery. We owe a lot to copper.But the metal now faces an uncertain future as manufact
  
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• In renouncing aid and Europe, Starmer is sucking up to Trump | William Keegan

  02-03-2025 08:00
  
  Last week’s much-trumpeted Anglo-US meeting has not reduced concerns about Ukraine, Nato or tariffs – or boosted confidence in the UK governmentMost people I know were ­concerned about the prospect of a second Trump presidency; but we did not have a vote. However, those Republicans who elected him should have been mindful of the old Chinese proverb: be careful what you wish for.A classic example has been provided recently in the columns of the New York Times. On 17 December, the
  
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• ‘I’m an investment expert - where to prioritise savings between pensions and ISAs’

  02-03-2025 08:00 via express.co.uk
  
  EXCLUSIVE: Nutmeg's Claire Exley explained the key differences between pensions and ISAs.
  
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• Tax war brews over Britain’s charming little getaways by the sea

  02-03-2025 07:00
  
  Second home owners are poised to fight back as Cornwall prepares to impose double council tax– leaving councillors fearing for their budgetCornwall councillor Steve Arthur is convinced that this year’s council budget will have a large hole in it because of tax-avoiding second homeowners.Arthur, a local businessman who runs a holiday cottage firm in Perranporth on the north Cornish coast, expects many of the county’s second homeowners to nominate their children as council tax pa
  
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• Lloyds Bank explains cash deposit rules after customer's 'wasted journey'

  02-03-2025 07:00 via express.co.uk
  
  A person was frustrated to be told in branch that they couldn't pay in an amount
  
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• Energy saving fridge and freezer temperatures 'to slash bills'

  02-03-2025 02:17 via express.co.uk
  
  Energy experts say setting your fridge and freezer temperatures to the correct setting could save you money on your energy bills
  
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