Financial news

• How to have a no-spend month: 'Game-changing' plan saves almost all your monthly salary

  15-05-2022 06:30 via express.co.uk
  
  A MONEY saving expert has told Express.co.uk readers how they can spend no money in a month and put aside almost their entire salary. Chloe Carmichael is a money saving whizz and deals expert who shares her tips to improve your personal finances.
  
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• This benefit could pay £4,800 on TOP of your State Pension - and it isn’t means tested

  22-05-2022 08:30 via express.co.uk
  
  THE STATE PENSION does not pay enough for a comfortable retirement so it is vital that struggling retirees claim all the state benefits available to them.
  
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• £1m – that’s how much tax you’ll pay in your lifetime. ‘You're working 18 years for HMRC’

  22-05-2022 08:00 via express.co.uk
  
  BRITONS will pay a staggering £1.1 million in total tax to HM Revenue & Customs on average over their lifetimes. This will now increase thanks to Chancellor Rishi Sunak's stealth tax raids.
  
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• 'Looking on in concern' Pension savers urged to act to mitigate inflation in retirement

  22-05-2022 07:01 via express.co.uk
  
  RETIREMENT plans could be at risk due to skyrocketing inflation, but there are steps Britons can take to mitigate this matter.
  
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• Woman who quit six figure job after MasterChef now running multimillion pound restaurants

  22-05-2022 05:01 via express.co.uk
  
  MASTERCHEF semi-finalist Elizabeth Cottam, 46, quit her 20-year corporate career with a stable six figure salary to follow her passion.
  
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• Woman explains how she boosts income by up to £1,500 each month after struggling with debt

  22-05-2022 05:01 via express.co.uk
  
  AFTER struggling with her finances, a woman was able to come out of debt, and start doing something she enjoyed. Having perfected her side hustle, she now makes between £1,000 and £1,500 each month.
  
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• Stark inflation warning: 'Won't stop until surplus income & credit card limits EXHAUSTED'

  22-05-2022 05:01 via express.co.uk
  
  INFLATION has surged to a 40-year high of nine percent, and the Bank of England predicts it to keep rising to around 10 percent this year.
  
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• Britons urged to consider ‘better option’ for cash - Savers could be losing £800 a year

  22-05-2022 05:01 via express.co.uk
  
  AS INFLATION continues to soar and the cost of living crisis worsens, it's "now more important than ever" for savers to plan ahead.
  
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• ‘It’s very little legwork': Teacher saves £1,500 with one simple change 'changed my life'

  22-05-2022 05:00 via express.co.uk
  
  A TEACHER from Doncaster has told Express.co.uk how she has saved almost £1,500 since using a money saving app.
  
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• I was targeted by scammers posing as my friend online - please watch out for worrying scam

  22-05-2022 05:00 via express.co.uk
  
  SCAMMERS will stop at nothing to try and con people out of their hard earned cash as journalist Jackie Annett recently discovered.
  
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• Savings warning: The one action ‘guaranteed to lose you money’ as inflation soars

  22-05-2022 01:01 via express.co.uk
  
  BRITONS have been warned about one action which is "guaranteed" to lose them money amid rising inflation.
  
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• Interest rate warning: 'Bank of England's hands tied' as UK mortgage hike now 'obvious'

  20-05-2022 13:52 via express.co.uk
  
  INTEREST RATES are set to rocket as the UK is warned "so much is at stake" with the cost of living crisis crippling household budgets.
  
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• DWP: 1.4m legacy benefit claimants could get up to £220 more a month on Universal Credit

  20-05-2022 13:04 via express.co.uk
  
  MILLIONS of Britons on legacy benefits will see their entitlement increase by an average of £220 a month after moving to Universal Credit, the Department for Work and Pensions has said.
  
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• 'A fake identity!’ HSBC issues warning after widow loses £96,000 to cruel scam

  20-05-2022 12:36 via express.co.uk
  
  HSBC has issued a warning after a widow in her 50s lost nearly £100,000 to a vicious scam, preying on her kindness.
  
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• 'Might be surprised!' Man saves £35 on his weekly Asda shop via easy Martin Lewis' MSE tip

  20-05-2022 11:26 via express.co.uk
  
  MARTIN LEWIS helped a man save £35 on his shopping basket after sharing a one second tip.
  
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• 'Makes me anxious!' Woman, 55, with MS fears whether she has enough for retirement

  20-05-2022 11:22 via express.co.uk
  
  A WOMAN has expressed her fears for retirement, as she is concerned her disability will impact her ability to save into a pension.
  
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• Bank of England chief economist says further interest rate rises needed; retail sales rise – business live

  20-05-2022 10:19 via theguardian.com
  
  Rolling coverage of the latest economic and financial news, as Huw Pill says MPC faces its biggest challenge in 25 yearsLatest: Huw Pill says further tightening needed as inflation heads to 10%UK retail sales rose 1.4% in AprilAlcohol and tobacco sales jump as more people stay at homeRetail sales values surge ahead of volumes as prices jumpSunday Times Rich ListUK consumer confidence falls to lowest level since 1974Property tycoon Nick Candy considering bid to take over THGDavid Muir, a senior e
  
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• Hinkley Point C nuclear power station delayed and will cost extra £3bn

  20-05-2022 10:10 via theguardian.com
  
  Plant will begin operating a year later than planned because of impact of Covid-19The new nuclear power station being built at Hinkley Point in Somerset will start operating a year later than planned and will cost an extra £3bn, it has been announced.The French energy company EDF published the findings of a review into the cost and schedule of the power station taking account of the continuing impact of the Covid-19 pandemic. Continue reading...
  
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• Mum, 76, borrows from daughter in 'difficult weeks' - fears for 1.2m with no 'lifeline'

  20-05-2022 10:07 via express.co.uk
  
  OLDER Britons who are ageing without children face financial hardship and challenges, a charity has warned.
  
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• City scheme aims to close financial sector’s class pay gap

  20-05-2022 10:00 via theguardian.com
  
  Progress Together hopes to improve pay and progress for less privileged people who earn on average £17,500 less than colleaguesA new membership body has been launched as part of efforts to bring people from less privileged backgrounds into senior roles across the City.The group, which will be known as “Progress Together”, will offer workshops, resources and mentoring schemes to people who might otherwise struggle to reach top-tier positions in financial services. Continue readi
  
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• Man breaks down in tears as boss cuts hours to part-time - but keeps full £24,000 salary

  20-05-2022 09:43 via express.co.uk
  
  MARK KING, president and CEO of TaylorMade Golf company was blown away by the selflessness of his employee. After hearing his story he knew he wanted to help him.
  
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• Savers warned as inflation DESTROYS Premium Bonds £1m jackpot - 'fallen by half'

  20-05-2022 09:26 via express.co.uk
  
  PREMIUM BONDS still offer savers a shot at winning £1 million but the value of its jackpot has been destroyed by inflation, savings experts warn.
  
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• Couple in shock as they realise they've spent £2,000 on just one trip to museum

  20-05-2022 09:13 via express.co.uk
  
  A FAMILY was absolutely shocked when they realised their spending habits essentially saw a single trip to the transport museum costing £2,000.
  
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• Hinkley Point C nuclear power station delayed a year by Covid

  20-05-2022 09:02 via theguardian.com
  
  EDF says costs have risen by £3bn but that the increase will not be borne by UK consumers or taxpayersThe new nuclear power station being built at Hinkley Point in Somerset will start operating a year later than planned and will cost an extra £3bn, it has been announced.The French energy company EDF published the findings of a review into the cost and schedule of the power station taking account of the continuing impact of the Covid-19 pandemic. Continue reading...
  
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• Retail sales rise unexpectedly, as inflation hammers UK consumer confidence – business live

  20-05-2022 08:39 via theguardian.com
  
  Rolling coverage of the latest economic and financial newsLatest: UK retail sales rose 1.4% in AprilONS: supermarket sales rose, led by alcohol, tobacco and sweet treatsData suggest people staying at home moreUK consumer confidence falls to lowest level since 1974Property tycoon Nick Candy considering bid to take over THGHere’s some early reaction to April’s rise in retail sales.Keith Church, head of economic modelling at risk consultancy 4most, points out that the wider picture rema
  
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• Sri and Gopi Hinduja named UK’s richest people, with £28.5bn fortune

  20-05-2022 08:35 via theguardian.com
  
  Sir James Dyson in second place on Sunday Times list, while Rishi Sunak and wife Akshata Murty are 222ndSri and Gopi Hinduja have been named the UK’s richest people, with an estimated £28.5bn fortune – the largest recorded in the 34 years of publication of the Sunday Times rich list.The brothers who run a property-to-industrial conglomerate from London saw their wealth swell by £11.5bn over the past year to put them at the top of the annual wealth ranking ahead of the inv
  
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• 1980s homes for sale – in pictures

  20-05-2022 08:00 via theguardian.com
  
  From a four-bedroom house that retains a sense of bling from that decade to a flat in a former carpet factory Continue reading...
  
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• UK nuclear power stations’ decommissioning cost soars to £23.5bn

  20-05-2022 07:00 via theguardian.com
  
  Failures in government’s investment strategy mean taxpayer has contributed £10.7bn in just two yearsThe cost of decommissioning the UK’s seven ageing nuclear power stations has nearly doubled to £23.5bn and is likely to rise further, the public accounts committee has said.The soaring costs of safely decommissioning the advanced gas-cooled reactors (AGRs), including Dungeness B, Hunstanton B and Hinkley B, are being loaded on to the taxpayer, their report said. Continue re
  
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• Boris Johnson and I agreed on Northern Ireland. What happened to that good faith? | Leo Varadkar

  20-05-2022 07:00 via theguardian.com
  
  The EU’s flexibility has been met by the UK government talking about scrapping the protocol and breaching international lawLeo Varadkar is Ireland’s tánaiste (deputy prime minister), and was taoiseach during Brexit negotiationsIn October 2019 I met Boris Johnson in the Wirral. It was an appropriately “neutral” venue, and I was happy to meet the prime minister in the north-west of England. At the time, controversy surrounded the backstop, which the European Union ha
  
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• Pelosi warns changes to Northern Ireland protocol could affect US trade deal with Britain

  20-05-2022 04:28 via theguardian.com
  
  Bluntly worded intervention comes as tensions rise over plans by Liz Truss to nullify parts of the protocolThe US House Speaker, Nancy Pelosi, has warned that unilateral UK legislation affecting the Northern Ireland protocol could endanger British prospects for a free trade deal with the US.Pelosi’s bluntly worded intervention came two days after the UK foreign secretary, Liz Truss, confirmed that the government was planning to table legislation that would nullify parts of the protocol by
  
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