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430,000 children can claim up to £2,000 in free cash but parents don’t know - see how
Hundreds of thousands of children have a pot of cash worth up to £2,000 waiting for them. It's easy to claim but only if you know it exists and too many parents don't. -
Labour election victory would be ‘net positive’ for markets, says JP Morgan
via theguardian.comWin would benefit banks, builders and supermarkets, say analysts, showing appeal of ‘centrist platform’ for CityUK general election live – latest updatesA Labour election victory will be a “net positive” for financial markets, strategists at the US bank JP Morgan have said, in an analysis that underlines the appeal of Keir Starmer’s “centrist platform” to the City of London.A majority for Labour would benefit banks, builders and supermarkets, analy -
Post-Brexit ‘mess’ as Italian driver’s lorry held for 55 hours at UK border post
via theguardian.comAntonio Soprano says he was told to walk to a McDonald’s for food as there was none at SevingtonAn Italian lorry driver has described the UK’s new post-Brexit controls as a “mess” after his lorry was held at a government-run border post for more than two days.Antonio Soprano, 62, who was stopped while bringing plants into the country from central Italy, said he was offered nothing to eat during his 55-hour ordeal and instead was told by border officials that he should wal -
Reform UK announce major tax threshold plan in landmark Richard Tice speech
Nigel Farage's party has argued that the tax-free threshold is too low and needs to be raised. -
Millions of Brits could see their State Pension payments rise by 5.7% next April
The latest figures from the Office for National Statistics show UK inflation fell to the lowest level in nearly three years in April. -
BP staff risk sack if they fail to disclose intimate relationships with colleagues
via theguardian.comNew policy follows sacking of ex-CEO Bernard Looney with top managers given three months to report all relationships in past three yearsBP employees will have to disclose intimate relationships with colleagues or risk losing their jobs, according to a new policy brought out after the dismissal of former boss Bernard Looney for failing to tell the board.Employees must disclose “familial and intimate relationships at work” without exception, the FTSE 100 oil company said on Monday. Tha -
State pension in the UK compared with European rivals - see where you get most cash
Some EU countries pay their pensioners over £2,000 a month. -
Nationwide £100 cash handout to hit accounts within days - check your eligibility
The building society is paying out a one-off lump later this month - here are the details on who is eligible and how to claim. -
Boss of South West Water’s owner gains £300,000 pay rise
via theguardian.comPay rise for Pennon Group CEO Susan Davy comes despite outrage over Devon diarrhoea outbreak caused by polluted waterBusiness live – latest updatesThe boss of South West Water’s owner has received a pay increase of £300,000, weeks after an outbreak of diarrhoea caused by a parasite in Devon’s water supply.Susan Davy, the chief executive of Pennon Group, was awarded £860,000 in total pay for the latest financial year, up from £543,000 the year before, according -
Mortgage availability hits 16-year high as shelf life plummets to just 15 days
At the start of June, the typical mortgage was spending 15 days on the market before being pulled from sale, declining sharply from an average of 28 days at the start of May, Moneyfacts found. -
Is there asbestos in your makeup? Why women with cancer are suing big beauty brands
via theguardian.comAs tens of thousands of lawsuits related to Johnson & Johnson’s Baby Powder flood US courts, many women are coming forward claiming that talc-based makeup gave them asbestos-related mesothelioma. Why is talc still present in almost all cosmetics?Mention asbestos and disease, and most people’s thoughts turn to old, unstable floor tiles or insulation in homes or offices, or jobs in shipbuilding or construction – the kind of heavy industries that employ men in hi-vis jackets a -
Euro plummets against the Pound to almost a two-year low after EU election shock
Market confidence has dropped with a snap election looming in France. -
‘I felt like a cash cow’: the simple flight booking error that cost a BA customer more than £730
via theguardian.comWhen Raluca Hamilton was arranging family holidays, a computer autofill error meant her son’s name was wrong. The tickets had to be refunded and bought again at a higher priceIt was a week before a family holiday in Lanzarote that Raluca Hamilton realised there was an error on her two-year-old son’s ticket for the flight: instead of his first name, it was her own that had been entered.But what she thought was a simple error ended up costing her more than £730 to fix, and l -
Why Labour move to scrap 55% ‘horror' pension tax is good news for EVERY saver
Report suggests that the Labour Party has backtracked on plans to re-introduce a brutal tax on savers that swallows up 55% of their pension pot. If true, that's music to my ears. -
Pensions 'relief' as Labour scraps plans to reintroduce tax-free allowance
There were previous concerns reintroducing the policy could lead to the return of the doctors' strikes. -
Great Britain?: How We Get Our Future Back by Torsten Bell review – a roadmap to the new normal
via theguardian.comUnderlining his credentials as a creative thinker, the economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping declineAs proposed national rallying cries go, perhaps this one lacks swagger. But its modesty is deliberate, as the economist and Observer columnist Torsten Bell’s surprisingly hopeful new guide to halting this country’s crumbling decline explains. Ches -
BT left my blind father without a panic button
via theguardian.comIt didn’t work after it switched his landline to digital without warningMy 101-year-old father was left without a landline and a functioning panic button after BT switched his phone service from analogue to digital without warning us. BT had informed us that the contract was about to finish, and asked me to contact them about renewing. I duly called and was, at no time, advised to contact the panic button provider, or told of the possible need for adaptors to connect analogue phones to the -
Adverts for UK bookmakers and online casinos ‘need smoking-style warnings’
via theguardian.comGambleAware signals collision course with industry as charity brands current warnings ‘inadequate’Adverts for bookmakers and online casinos should carry smoking-style warnings, the UK’s leading gambling charity has said, as it warned that a marketing surge during the Euro 2024 football tournament could make it harder for people to cut down or quit.GambleAware called for an end to the industry-approved “Take Time To Think” slogan, which appears on gambling adverts, l -
Vehicle damage claims in Wales fall 20% since speed limit cut to 20mph, says insurer
via theguardian.comCampaigners say lower speeds reduce casualties but scheme has since been amended to give people more choice to rescind limitsVehicle damage claims in Wales have fallen by 20% at one leading car insurer since the nationwide 20mph speed limit was introduced there last September.Wales was one of the first countries in the world, and the first nation in the UK, to introduce legislation for a default 20mph speed limit in built-up areas last year. Continue reading... -
Stop Shein listing on the FTSE, workers’ rights campaigners urge
via theguardian.comGroups issue call to next government amid criticism of online fashion retailer’s labour practices and accusations of copyingWorkers rights campaigners have called for the UK’s next government to oppose the online fashion business Shein joining the FTSE, arguing that a London listing would be “yet another betrayal to working people everywhere and the planet”.Alena Ivanova, campaigns lead at Labour Behind the Label, said it had heard the news of senior British politicians c -
EU expected to impose import tariffs on Chinese electric vehicles
via theguardian.comExperts believe Beijing will retaliate with measures that could hit European exports from cheese to cognacThe EU is expected to notify China that it will impose tariffs on electric vehicle imports this week, firing the starting gun on a potential summer trade war with Beijing.A formal pre-disclosure of tariffs could happen as early as Wednesday, after a lengthy investigation into China’s state subsidies for its car manufacturing, which is predicted to conclude that massive support continue -
Small firms demand cuts to taxes and employment costs to deliver growth and jobs
The Federation of Small Business has warned that political leaders will have to provide reassurances if they are to win the votes of millions of its members. -
Beer and new TVs: Euro 2024 ‘to fuel £2.75bn spree for UK shops and pubs’
via theguardian.comFirst men’s summer tournament since pandemic plus favourable European kick-off times will boost long-struggling UK pubs and barsWant to book a pub table for Euro 2024? It may be too lateFootball fans are predicted to spend £2.75bn on items including beer, pizzas and new TVs during the men’s Euro 2024 tournament, which kicks off this week, providing a much-needed boost to retailers, pubs and bars.In the pubs sector alone, the British Beer & Pubs Association is expecting an e -
Is the US economy doing well? It depends if you ask a Democrat or a Republican
via theguardian.comData shows that when Americans’ preferred party is in the White House, they’re more likely to boast of a booming economy – even if it’s untrueWhen he delivered his State of the Union address in March, Joe Biden framed the state of the American economy as a true success story, pointing to the historically low unemployment rate and falling inflation as signs of the country’s robust recovery from the early days of the coronavirus pandemic.“I inherited an economy -
Centre forward: Sunderland sets sights on a revival by bringing homes and jobs to its inner city
via theguardian.comIn the 1980s Thatcher helped attract the likes of Nissan to the region, but it could not revitalise the city itself. Now a new industrial strategy, backed by the local council, is aiming for more sustainable resultsWhen Richard Marsden looks across the Wear gorge to the centre of Sunderland, he has never seen so many cranes. His design and build firm, BDN, is rushing to renovate an old stable block in the shadow of the city’s football stadium.“Now there’s a bit of a resurgence, -
After Rishi Sunak’s D-day disaster Labour need not worry about Tory tax claims | Larry Elliott
via theguardian.com‘Tax bombshell’ claims undid Labour in 1992 but the Conservatives’ ‘catalogue of chaos’ and the PM’s actions mean fears are misplacedMinister defends ‘deeply patriotic’ PM after D-day decisionAny lingering doubts about the result of next month’s election have been dispelled by Rishi Sunak’s inexplicable decision to leave last week’s D-day commemorations early. Only the scale of the Tory defeat remains in question.Last week was sup -
DWP confirms who is eligible for £550 Household Support Fund payments
The fund has been extended until the end of September and will benefit thousands across the country. -
Why some inheritance regimes are more unequal than others
via theguardian.comWealth matters, but its effects on long-term growth can be surprisingly complicated, new research findsWealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financia -
British Gas 'billing chaos' as customers sent demands for £2,000
Many of the problems appear to be linked to the transfer of the accounts to a new billing system. -
Warning that Labour could impose a 'death tax' on pensions with inheritance rule change
Currently, any money held in a pension pot is not included in a person's estate when they die which means it cannot be hit with what has been described as Britain's "most hated tax".
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