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Forget a gimmicky windfall tax. Energy companies should be forced to slash bills instead | Simon Jenkins
via theguardian.comWho knows where that extra tax revenue would end up? There is a better way to help people struggling with the cost of livingWhen all politicians agree on something, it is probably a bad idea. A windfall tax on energy companies is currently in populist vogue and is superficially plausible. Thanks partly to reckless sanctions policies against Russia, British energy users have seen their bills rocket by 70% in the past year, with further hikes promised in October when the official price cap on a bi -
My two adult kids have had to move back home. Should I be charging them rent – and if so, how much? | Sue Elliott-Nicholls
via theguardian.comThey face spiralling costs and insecure work, so I’m glad to help them. But I can’t afford the big rise in my cost of livingThank goodness for the “bank of mum and dad”: now there’s an expression to make me a bit sick in my mouth. I am the parent of two adult children who have moved back home in recent years because they can’t afford to rent somewhere to live. And they are not alone. In January, the Office for National Statistics reported that rental prices ha -
VW owners claim ‘poor design’ left cars open to parts theft costing £1,600
via theguardian.comCruise control sensors taken by thieves, forcing drivers to pay to replace them or face higher insurance premiumsVolkswagen owners targeted by thieves who have stolen cruise control sensors from cars across London are furious after discovering the car’s “poor design” that makes them so easy to steal is set to cost them £1,600 each.The sensors, which cost about £700 each, are fitted behind the VW badge, and appear to be a popular target for thieves. Continue reading. -
UK millennials: have you recently moved back in with your parents?
via theguardian.comWe would like to hear from adults in the UK who have recently had to move in with their parentsWe would like to hear from adults in the UK between the ages 28-42 who have recently had to move in with their parents. Why did you make the move? How has the experience been? Tell us all about it below. Continue reading... -
Where have all the wine bargains gone? | Fiona Beckett on drink
via theguardian.comValue for money is harder to find these days, but here are a few pointersWhile we all hunker down in the winter, these warmer days and lighter nights are an invitation to be more sociable, and to just drop in on family and friends, outstay our welcome and drink all their wine. Which used to be OK(ish) when a decent bottle of wine cost between £5 and £10, but is less acceptable now when, unless it’s on special offer, it will more often than not set you back more than £10.N -
Train strikes and traffic jams: UK travellers face delays in coming days
via theguardian.comPlanned works by Network Rail will force more people on to the roads to join bank holiday getaway, with rail strikes to follow the week afterBank holiday getaway traffic jams will signal the start of a bumpy 10 days on Britain’s roads and railways, as a rainy early May is peppered with engineering works and train drivers’ strikes.Motoring organisations were expecting late Friday afternoon to bring the longest delays on roads, particularly those heading to the south-west from London. -
UK tenants should have ‘right to garden’, leading horticulturist says
via theguardian.comJason Williams, known as the cloud gardener, is campaigning for green spaces in new builds and rights for tenants to grow plantsDevelopers and landlords should give tenants a “right to garden”, a leading horticulturist has said as he campaigns for more green spaces in new-build homes.To inspire those who live in homes without gardens, Jason Williams worked with students to create balcony gardens for the Royal Horticultural Society urban show, held this month in Manchester, to demonst -
‘Turn the building off and on’: social media schadenfreude over Co-op Live arena
via theguardian.comFailure of Manchester venue to open has angered those who paid for travel and hotels for cancelled eventsThe repeated failure of the new Co-op live venue to open in Manchester has led to shows being cancelled at the last moment, gigs rescheduled, and has caused huge inconvenience to people who had booked non-refundable travel and hotels to enjoy events they had been looking forward to.It has, of course, though, allowed the British public to also enjoy one of its greatest pastimes – hilario -
‘It’s like winning the lottery’: the mobile home owners buying the land they live on
via theguardian.comResidents of manufactured housing parks typically own their homes – but not the parks themselves, which can be incredibly lucrative. Now some residents are forming cooperatives, and taking controlThis story is co-published with the Lever, a reader-supported investigative news organizationBev Adrian, a retired career placement counselor for people with disabilities, lives in Woodlawn Terrace, a mobile home park just outside Minneapolis, Minnesota. The nearby streets are full of bustling loc -
You be the judge: should my fiance agree to opening a joint account?
via theguardian.comJana thinks joint banking will make paying for childcare easier, but Mikey likes to keep finances separate. You decide who is on the money
More money disputes where you are the judge“It’s like I’m the sole carer on a personal and emotional level, as well as financial Continue reading... -
From joint accounts to wealthier friends – why is money so hard to talk about?
via theguardian.comMoney is always the elephant in the room, and can be even harder to talk about than sex – but we can all benefit from a frank conversation, says Annalisa Barbieri, kicking off our You be the judge money specialThe one item you will never see in a currency exchange table is what money so often stands in for. It can take the place of things like love, thought, safety, attention or fairness. And the inverse is also true; you often don’t need to spend a lot of money to mak -
Remote coastal homes for sale in Great Britain – in pictures
via theguardian.comFrom a cottage built into sand dunes with its own ‘stargazing room’ to an eco cabin-style home in a walker’s paradise Continue reading... -
Angry fans seek compensation from Co-op Live after third opening show axed
via theguardian.comA Boogie Wit Da Hoodie gig cancelled last minute after air conditioning part falls from gantry during soundcheckAngry concertgoers have demanded compensation from the troubled Co-op Live arena after it cancelled its opening concert for the third time, leaving thousands of young fans stranded in Manchester.The venue announced minutes after the doors opened on Wednesday night that US star A Boogie Wit Da Hoodie would no longer be performing due to a “technical issue”. Continue reading. -
Fraudsters editing vehicle photos to add fake damage in UK insurance scam
via theguardian.comInsurers report rise in cases of images being manipulated with ‘shallowfake’ technologyA surge in fraud cases in which photos are manipulated to show fake car crash damage is alarming insurers and helping to push motor insurance costs up to record levels.The insurer Allianz said incidents where apps were used to distort real-life images, videos and documents increased by 300% between 2021-22 and 2022-23, and it added that this had “all the signs of becoming the latest big scam -
Oil giant Shell to splash out on shareholder paydays despite falling profits
Shell is to spend more money on share buybacks even though its first quarter net profits tumbled 15.2 per cent to $7.4billion , after revenues at all its divisions fell. -
Food tax warning as prices continue to climb - and best ways to save your money
During a cost-of-living crisis, potential higher price tags on groceries mean consumers will need to shop more strategically than they have before. -
DWP PIP claimants put on ‘approved list’ as ‘compensation for being disabled’ axed
DWP claimants could be put on an 'approved list' instead of getting PIP cash under Rishi Sunak's radical benefits crackdown -
Supermarket sales plunge due to early Easter and consumers' belt-tightening
Shoppers spent less at supermarkets in April due to inflation falling and purse strings being tightened following the early Easter, according to data from NIQ. -
Free childcare applications are opening soon - check now to see if you can claim
Ministers have been rolling out access to up to 15 hours of free childcare to younger children under a scheme that will, in theory, encourage more parents back into the workforce. -
HMRC issues £10 a day fine to millions of people - what you need to know
The self-assessment deadline for the 2022/23 tax year was 11.59pm on January 31. If you submitted your tax return even a day late, then you would have already been charged a £100 fine - even if you don't have any tax to pay -
Martin Lewis alert on why now is the 'perfect time' to check your energy bills
Energy suppliers have billions of pounds that could be reclaimed by customers, the expert said. -
Nine new tenants registered for each rental home in March, says report
The stock of available homes increased marginally, the report said. -
Scottish economy to see slow but steady growth in medium term, report predicts
KPMG said the economic momentum is likely to be propelled by consumer spending thanks to a recovery in incomes and a relatively low propensity to save. -
When my tumble dryer broke, I didn’t have high hopes of the chatbot. But the human was even less useful | Adrian Chiles
via theguardian.comAppliance manufacturers think they’ve made the world a better place by automating their online help service. They couldn’t be more wrongFrom where I’m sitting at this moment I can order some groceries to be brought to my door in a matter of hours. I can get anything from a cup of coffee to a three-course meal delivered within minutes. In terms of personal services that I could summon at a moment’s notice – well, put it like this, I wish I hadn’t checked. I can -
Shell announces $3.5bn share buyback after higher profits than forecast
via theguardian.comDespite payouts the oil and gas company faces growing investor pressure to address its carbon emissionsShell will shower its shareholders with another $3.5bn (£2.8bn) in share buybacks over the next quarter after reporting better than expected profits of almost $8bn for the first three months of the year.The company announced it would hand investors the multibillion-dollar payouts as it prepares to face a shareholder battle over its climate agenda at its annual general meeting later this m -
UK will be worst performer in G7 next year, OECD forecasts
via theguardian.comUK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economyThe UK will be the worst-performing economy in the G7 next year, according to the Organisation for Economic Cooperation and Development, as high interest rates and the lingering effects of last year’s surge in inflation weigh.In a downbeat assessment, the Paris-based thinktank also downgraded its forecast for UK growth this year to 0.4% from a November forecast o -
UK to be slowest-growing G7 economy next year, warns OECD – business live
via theguardian.comRolling coverage of the latest economic and financial newsUS Federal Reserve holds interest rates steady as inflation ticks upNovo Nordisk, the Danish pharmaceutical company behind the Wegovy weight loss drug, has beaten profit expectations as demand booms.Novo Nordisk’s sales increased by 22% in the first quarter, while operating profit rose by 27%.“We are pleased with the sales growth in the first three months of 2024, driven by increased demand for our GLP-1-based diabetes and obe -
OECD cuts UK growth forecasts; interest rates to remain higher for longer, Fed indicates – business live
via theguardian.comRolling coverage of the latest economic and financial newsUS Federal Reserve holds interest rates steady as inflation ticks upThe OECD blames high interest rates for Britain’s weak growth outlook, after the Bank of England lifted borrowing costs to a 16-year high.It says:“GDP growth is projected to remain sluggish [in the face of a] waning drag from past monetary tightening.”Developments continue to diverge across countries, with softer outcomes in many advanced economies, espe -
Shell unveils new $3.5bn share buy-back after higher profits than expected
via theguardian.comDespite payouts the oil and gas giant faces growing investor pressure to address its carbon emissionsShell will shower its shareholders with another $3.5bn (£2.8bn) in share buy-backs over the next quarter after reporting better than expected profits of almost $8bn for the first three months of the year.The company reported adjusted earnings of $7.7bn for the first quarter, below the $9.6bn earned in the same quarter last year but well above analyst predictions of $6.5bn. Continue reading. -
‘I am moving – that is it’: tycoon speaks out about the end of non-dom tax status
via theguardian.comEntrepreneur Bassim Haidar says ending the break is self-defeating as total UK tax take will fall amid an exodus of the super-rich Bassim Haidar is house hunting. He owns “more than 10 properties” in central London, including a £20m five-bedroom flat near Chelsea’s Sloane Square. But he said he had decided to “urgently” leave the UK to avoid paying millions of pounds in tax after the government and Labour’s plan to scrap the “non-domicile” re
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