Financial news

• US-UK trade deal imposes conditions on ownership of British steel plants

  09-05-2025 19:04
  Trump administration understood to have pushed for requirements to be attached to deal in effort to freeze out Chinese steelThe US deal on steel tariffs imposes conditions on the “nature of ownership” of British plants as part of its efforts to freeze out Chinese steel, it has emerged.It is understood Donald Trump’s administration pushed for requirements to be attached to the steel deal to ensure that the Chinese-owned British Steel plant in Scunthorpe was not used by Beijing a
  
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• The Guardian view on the impact of Trump’s film tariffs: a disaster movie waiting to happen | Editorial

  09-05-2025 18:25
  The US president’s proposed levies will badly hit the UK industry just as it is recovering from a series of blowsBarbieland, the Emerald City and a galaxy far, far away were all built – at least in part – at film studios just outside London. Now the UK film industry has come crashing down to earth with Donald Trump’s threat to impose 100% tariffs on all movies “produced in foreign lands”. “Hollywood is being destroyed,” Mr Trump announced, like an
  
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• Better paternity leave wouldn’t just help Daddy | Letters

  09-05-2025 18:23
  There is a way for both parents to ‘have it all’ in terms of paid leave – but it’s a challenge, writes Leila Froud, while Alison Smith says mothers should be better reimbursed. Plus, Jol Miskin on the ‘dad strike’I’m so pleased that paternity leave is getting some air time and there is a campaign to increase it (The Guardian view on paternity leave: campaigners are right to demand more, 5 May). Probably in part because I follow the Pregnant&nbs
  
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• Two trade deals and a rate cut in one week … are things looking up for UK plc?

  09-05-2025 16:05
  Analysts say the news boosts business confidence, helps an EU trade reset and shows the UK is a good place to invest – but it’s unlikely to turbo-charge GDPYou wait three years for a trade deal and then two come along at once.As of Monday, the UK had not announced a free trade agreement since 2022, when Boris Johnson’s government signed one with New Zealand, ranked 52nd among global economies. Continue reading...
  
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• Ten UK energy firms to pay £7m in compensation after overcharging error

  09-05-2025 15:51 via theguardian.com
  Ofgem review showed more than 34,000 customers were erroneously billed more for standing chargesTen UK energy suppliers including EDF, E.ON and Octopus are to pay £7m in compensation and refunds after overcharging customers, after a review by the energy regulator for Great Britain.Ofgem said the suppliers had agreed to pay more than 34,000 customers compensation and refunds because of erroneously billing them more for standing charges than is allowed under the regulator’s price cap.
  
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• Energy bills: EDF offers fixed deal £300 cheaper than price cap

  09-05-2025 13:00 via theguardian.com
  Supplier says deal is its cheapest fixed tariff since 2021 amid ongoing volatility in the gas and electricity marketHouseholds in Great Britain have been grappling with high energy bills for four years but attractive fixed deals that are £300 cheaper than the current price cap are now available.This week, EDF launched its “cheapest fixed tariff since 2021”, describing it as the best energy-only deal available from a “big six” supplier. The 12-month tariff, Simply Fi
  
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• Homes for sale in England and Scotland with stunning views – in pictures

  09-05-2025 08:00 via theguardian.com
  From white stucco on the Dorset coast to a five-bed Highlands cabin, five properties with vistas to take your breath away Continue reading...
  
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• Building society boosts interest rate on savings account to 'excellent' 4.65%

  09-05-2025 07:00 via express.co.uk
  
  The easy access savings account now places ‘competitively' in its sector.
  
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• Trade deals, global wars and AI Jedi posts: where is Trump’s focus? – podcast

  09-05-2025 06:00
  Jonathan Freedland and the senior Washington editor of Semafor, Elana Schor, discuss what the US president is choosing to make a priority, and what he’s neglecting in returnOn Thursday, the White House announced a framework for a US-UK trade deal. Earlier in the week, when asked for his take on India’s missile attack on Pakistan, Donald Trump replied: “I get along with both.” But before all of that, on an otherwise quiet Sunday, the US president announced tariffs on forei
  
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• DWP PIP changes could see some households lose out on £12,000

  09-05-2025 05:49 via express.co.uk
  
  The tightened PIP rules are set to come in next year
  
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• Cash-strapped homebuyers lifeline with delayed mortgage - but experts have a warning

  09-05-2025 03:55 via express.co.uk
  
  First-time buyers could get their first home without making any payments for three months
  
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• When the DWP will begin 'monitoring' UK bank accounts

  09-05-2025 03:03 via express.co.uk
  
  The DWP is set to work with banks and building societies to identify claimants who may be breaching the means-tested benefits eligibility criteria
  
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• £3 bus fare scheme faces major blow as Rachel Reeves could scrap cap

  09-05-2025 02:10 via express.co.uk
  
  The £3 universal cap could scrapped from next year and replaced with a "targeted" scheme instead
  
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