Financial news

• Help to cut baby formula costs could save parents up to £500, Starmer says

  03-12-2025 15:50 via theguardian.com
  Ministers accept watchdog’s recommendations on how to help people avoid spending more on formula than neededThe government has agreed to implement a plan intended to reduce the cost of buying baby formula, Keir Starmer has said.The announcement comes ahead of the release of the government’s child poverty strategy later in the week and follows the removal of the two-child limit for benefits in last week’s budget, a move Starmer referred to several times during PMQs on Wednesday.
  
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• ‘The Mamdani effect’: wealthy New Yorkers show renewed interest in Miami’s Billionaire’s Beach

  03-12-2025 13:00 via theguardian.com
  Sales spike at the Ritz-Carlton, Four Seasons and Cipriani as luxury buyers weigh moves from ManhattanThere is a short stretch of prime waterfront real estate in Miami that has come to be known as Billionaire’s Beach. It contains a mix of famous old art deco hotels such as the Delano and Raleigh, both undergoing extensive upmarket refurbishments, and the construction of exclusive new residential tower blocks with high-end apartments running into the tens of millions.It is here on the sun-f
  
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