Financial news

• Don’t cut cash Isas – they’re our refuge in an uncertain world | Letter

  03-03-2025 17:48 via theguardian.com
  The government and the City want to push regular savers into risky investments, but we’re right to be wary, says David RedshawThere are good reasons why cash Isa holders like me don’t want to convert to share-based investments (Cash Isas: pressure grows against rumoured move to £4,000 allowance, 1 March). We don’t trust the City or governments. After Margaret Thatcher and Nigel  Lawson’s deregulation of the City in 1986, people were encouraged to become part of
  
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• ‘My partner’s crazy spending ruined me’: the ugly truth about coerced debt

  03-03-2025 11:30 via theguardian.com
  
  Charity calls for banking industry to take totally new approach over type of financial abuse that leaves victims saddled with unpayable debtsJoanna Thomas* was working for a UK government department when she received a bonus. Her earnings, as had been the case since she got married in her early 20s, went into her only bank account: a joint one shared with her now ex-husband.The cash landed in the account in the morning. By the afternoon, her then-husband messaged to let her know he had withdrawn
  
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• Labour unveils sick-pay guarantee for 1.3m lowest-paid workers

  03-03-2025 06:00 via theguardian.com
  
  Workers earning under £123 a week to get 80% of salary in sick pay, keeping more people off benefitsMore than 1 million of the lowest-paid UK workers are to be guaranteed sick pay worth up to 80% of their weekly salary from the first day of sickness, under changes intended to boost living standards.The UK has one of the stingiest rates of statutory sick pay in the developed world, according to the Resolution Foundation, with those earning less than £123 a week not entitled to anythin
  
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• Centuries-old leasehold system to be abolished in England and Wales

  03-03-2025 01:01 via theguardian.com
  
  Exclusive: Housing minister says overhaul of feudal-era system would take place before end of this parliamentThe housing minister has promised to abolish the centuries-old leasehold system in England and Wales before the end of this parliament, as the government takes the next steps towards an outright ban on new leasehold developments.Matthew Pennycook said he was committed to ending the feudal-era system – which applies to 5m homes in England – after years of complaints from leaseh
  
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