Financial news

• How to manage your money in turbulent times, from savings to mortgages

  05-07-2025 08:00 via theguardian.com
  As Trump tariffs and global conflict upend people’s plans, we ask experts about how to safeguard your financesIt is understandable to be worried about your finances. The world seems to be lurching from one political crisis to the next, and each one has an impact on stock markets and prices.A recent survey found UK consumers are worried about a slowing economy, possible tax increases in the next budget and rising food costs. We asked experts how you should manage your money in an uncer
  
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• UK economy unexpectedly shrinks in September as JLR hack hammers production output – business live

  13-11-2025 09:07 via theguardian.com
  Jaguar Land Rover cyber-attack held back UK growth in the last quarter, new GDP report showsChancellor Rachel Reeves is harking back to the happier days of stronger growth in the first two quarters of this year.Responding to this morning’s GDP figures, Reeves says:“We had the fastest-growing economy in the G7 in the first half of the year, but there’s more to do to build an economy that works for working people.At my Budget later this month, I will take the fair decisions to bu
  
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• UK economy shrank in September as JLR hack hammers production output – business live

  13-11-2025 08:13 via theguardian.com
  Rolling coverage of the latest economic and financial news, including the UK GDP report for September, and the third quarter of 2025.Although the Jaguar Land Rover attack clearly caused a drop in activity (its UK factories were closed through September), there has also been a wider slowdown.This chart show how the rolling three month estimate of growth has weakened since the spring:“Across the quarter as a whole manufacturing drove the weakness in production. There was a particularly marke
  
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• ‘The car belongs in Berlin’: city backpedaling on bike-friendly policies, critics say

  13-11-2025 06:00 via theguardian.com
  Car-critical measures have been slashed since the conservative CDU came into power in 2023, triggering protests and dividing communitiesIn the rubble left by the second world war, Berlin seized a zero-hour opportunity to remake itself with a brave new vision of mobility, its citizens zooming down broad avenues and autobahns in roaring German-engineered cars.Tramlines, particularly in the capitalist west of the divided city, were ripped out to make way for motorists, and bicycles were muscled out
  
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• British music stars urge Starmer to tackle ‘pernicious’ ticket tout websites

  13-11-2025 06:00 via theguardian.com
  Radiohead, Dua Lipa and Coldplay among dozens of artists calling for cap on resale prices to stop exploitation of fansRadiohead, Dua Lipa and Coldplay are among dozens of world-renowned artists who have urged Keir Starmer to honour his pledge to tackle “extortionate and pernicious” websites used by ticket touts to exploit music fans.A group of British artists, who have collectively sold more than half a billion albums, took aim at “secondary ticketing” platforms such as V
  
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• ‘Utter hypocrisy’: tobacco firm lobbied against rules in Africa that are law in UK

  13-11-2025 05:00 via theguardian.com
  British American Tobacco pushed Zambian ministers to drop or delay ad bans, health warnings and restrictions on flavoured products, letter showsBritish American Tobacco has been accused of “utter hypocrisy” for lobbying against tobacco control measures in Africa that are already in place in the UK.A letter seen by the Guardian, sent from the company’s subsidiary in Zambia to the country’s government ministers, asks for plans to ban tobacco advertising and sponsorship to b
  
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• Property experts urge Rachel Reeves to abolish ‘sin tax’ of stamp duty in budget

  13-11-2025 01:01 via theguardian.com
  Chancellor advised to replace levy with an annual property tax as Treasury considers overhaul of systemRachel Reeves has been urged to abolish the “sin tax” of stamp duty in the budget by property experts including TV presenter Kirstie Allsopp, as the chancellor faced calls to replace it with an annual property tax.Allsopp, presenter of Channel 4 property shows including Location, Location, Location, said “people are in a panic” about potential stamp duty changes, and &ld
  
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• Hybrid working could help get more disabled people into work, peers say

  13-11-2025 01:01 via theguardian.com
  Lords committee says government should consider including remote working in back-to-work initiativesMinisters could encourage employers to allow more hybrid and remote working to help get greater numbers of disabled people and carers into the workplace, according to a House of Lords committee.A report by a cross-party committee says the government should set out whether it has considered including remote and hybrid working in back-to-work initiatives to offer more working flexibility to people w
  
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• Rachel Reeves to cut tax benefits for workers using salary sacrifice schemes to buy bikes

  13-11-2025 00:39 via theguardian.com
  Chancellor expected to introduce new limit on how much can be spent on a bicycle through cycle to work scheme Rachel Reeves has drawn up a plan to cut tax benefits for workers using salary sacrifice schemes to buy expensive manual and electric bicycles, according to a report.The chancellor is expected to introduce a new limit on how much people can spend on a bicycle through the cycle to work scheme in this month’s budget, the Financial Times said, citing people familiar with budget prepar
  
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• Labour infighting puts chancellor’s budget plan to reassure bond markets at risk

  12-11-2025 20:11 via theguardian.com
  It was hoped manifesto-breaking tax rises might bring down borrowing costs – but party turbulence is likely to spook investorsThere is one narrow, perilous route by which Rachel Reeves can successfully deliver her 26 November budget, and it runs right through government bond markets.But the current outbreak of Labour infighting – driven by a flurry of pugilistic briefings from inside No 10 – risks cutting that route off with two weeks still to go before budget day. Continue rea
  
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• SSE is a winner in the great grid upgrade. Who is looking out for consumers and small businesses? | Nils Pratley

  12-11-2025 18:43 via theguardian.com
  Nobody doubts chunky spending is necessary to improve the grid. But how much of that money will be funded through consumer bills?It is a “once-in-a-generation opportunity to upgrade the UK electricity network”, gushed Martin Pibworth, the chief executive of SSE, and you can understand his excitement. The great grid upgrade has put a rocket under his share price. SSE’s shares soared 17% on Wednesday as the group laid out plans to spend the phenomenal sum of £33bn – m
  
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• BBC prepared to apologise to Trump to resolve billion-dollar legal threat

  12-11-2025 18:21 via theguardian.com
  The US president has threatened the BBC with a lawsuit over the editing of a Trump speech in an edition of PanoramaThe BBC is prepared to formally apologise to Donald Trump as part of its efforts to resolve his billion-dollar legal threat over its editing of one of his speeches, the Guardian understands.However, figures at the corporation are also minded to be robust in defending its journalism in the face of allegations from Trump that it made “false, defamatory, disparaging, and inflamma
  
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• The billionaire nanny boom: why gen Z is providing ‘private service’ for the super-rich

  12-11-2025 18:10 via theguardian.com
  Is it time to start channelling Mary Poppins? Some graduates are eschewing entry-level jobs to earn £150k or more looking after the children of the absurdly wealthy
  Name: Billionaire nannies.Age: Mid-20s, or thereabouts. Continue reading...
  
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• Kim Kardashian’s Skims valued at $5bn after raising new funding

  12-11-2025 17:54 via theguardian.com
  Skims plans to use new capital to broaden its intimates lines, and expand further into apparel and activewear Skims, founded by reality TV star and entrepreneur Kim Kardashian along with CEO Jens Grede, said on Wednesday it had raised $225m in new capital, valuing the shapewear label at $5bn.Kardashian’s ventures, including her cosmetics brand SKKN, have attracted young shoppers and benefited from her vast social media following. Similarly, other celebrity-backed brands have also drawn ven
  
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• Atlanta Fed chair steps down as Trump attacks central bank’s independence

  12-11-2025 17:53 via theguardian.com
  Raphael W Bostic will retire in February – creating another vacancy on Federal Reserve’s powerful policy committeeThe head of the Federal Reserve Bank of Atlanta announced plans to step down amid an extraordinary campaign by Donald Trump to exert influence over the US central bank.Raphael W Bostic, president of the Atlanta Fed, will retire from the role in February – creating another vacancy on the Fed’s powerful policy committee. Continue reading...
  
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• Martin Lewis’ 5 digit code for O2, Three and Vodafone customers to avoid price rise

  12-11-2025 17:34 via express.co.uk
  This tried and tested Martin Lewis method can slash your phone bills and avoid mid-contract price hikes.
  
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• Full list of 48 health conditions that could get you £5,700 DWP payment

  12-11-2025 17:25 via express.co.uk
  More people could be eligible for the DWP support without realising.
  
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• High earners could lose out on £50,000 under Rachel Reeves crackdown

  12-11-2025 17:00 via express.co.uk
  At present, employees can use the scheme to pay up to £60,000 a year tax-free into their pension
  
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• Bank of England launches stablecoin consultation - what it could mean for you

  12-11-2025 16:54 via express.co.uk
  Plans to regulate the currency will reduce the risk of it losing its value.
  
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• WASPI campaign outlines next steps as DWP to reconsider compensation decision

  12-11-2025 16:47 via express.co.uk
  The Ombudsman preivously set out a proposal for the WASPI women to get up to £3,000
  
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• Lloyds Bank closes 7 branches this week - full list

  12-11-2025 16:03 via express.co.uk
  A total of 17 Lloyds Bank branches will shut their doors for good this month.
  
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• Tate staff vote to strike over pay after union members reject ‘inadequate’ offer

  12-11-2025 15:33 via theguardian.com
  Exclusive: More than 150 workers to strike from 26 November to 2 December, raising possibility of disruption to major showsStaff at Tate have voted overwhelmingly to strike over pay, which could seriously disrupt major shows at the cultural institution.More than 150 workers will go on strike from 26 November to 2 December after a ballot by the Public and Commercial Services Union (PCS), in which 98% of members voted for action on a turnout of more than 87%. Continue reading...
  
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• DWP issues major update over £300 payments 'hitting bank accounts'

  12-11-2025 15:22 via express.co.uk
  Payments from the DWP range from £100 to £300
  
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• Savings account warning as Brits urged to make 1 move before December

  12-11-2025 14:34 via express.co.uk
  Many people will be on the look out for how to protect their finances ahead of the upcoming budget.
  
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• State pensioners issued major winter fuel warning as 9 millions set to get cash

  12-11-2025 14:11 via express.co.uk
  The Government previously announced plans to restrict eligibility for winter fuel payments, but this was later rowed back on.
  
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• Parking passes at 2026 World Cup will cost as much as $175 per vehicle

  12-11-2025 13:58 via theguardian.com
  Fifa already under attack for high ticket pricesCosts are comparable to NFL parking passesWorld Cup ticket holders can expect to spend big to park their cars at next year’s tournament, with prices on Fifa’s website reaching as much as $175 per parking pass.First reported by the Athletic, the figures are significant in the car-dependent United States – one of the tournament’s three hosts, along with Canada and Mexico – where many venues are not easily accessible by p
  
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• ONS to cut reports on health and crime to improve quality of core data

  12-11-2025 13:40 via theguardian.com
  UK’s statistics agency announces ‘recovery’ plan after concerns raised over reliability of its dataThe UK’s statistics agency has announced plans to scrap some of its publications on health, crime and the regions of Britain as part of its “recovery” plan to boost the reliability of its core data.Under pressure over the quality of its data, the Office for National Statistics said it would reduce the number of reports it produces each year by about 10% in 2026 t
  
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• Moment newly opened bridge in China partly collapses – video

  12-11-2025 13:31 via theguardian.com
  Part of a recently opened bridge collapsed in China's south-western province of Sichuan on Tuesday, authorities said, with no casualties reported. It formed part of a national highway linking the country's heartland with Tibet Continue reading...
  
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• Bots and third parties to be banned from booking driving tests in DfT shake-up

  12-11-2025 13:29 via theguardian.com
  In effort to tackle severe backlog and end resale market, only learner drivers will be able to make bookingsBots and third parties will be banned from booking driving tests as part of a government shake-up to tackle a severe backlog of almost 670,000 learners booked in for a practical assessment.The Department for Transport (DfT), which recently consulted on how to crack down on touts reselling test slots at inflated prices, said that only learner drivers themselves and not their instructors wou
  
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• Ferry company apologises after children left ‘screaming’ by pornographic film

  12-11-2025 13:22 via theguardian.com
  DFDS says film wasbroadcast mistakenly to passengers who had been watching F1 race on France-UK serviceA ferry company has apologised after children were left “screaming” when a pornographic film was played on one of its ships from France to Sussex.DFDS said it was “very sorry” over the incident, which happened onboard the ferry from Dieppe in France to Newhaven. Continue reading...
  
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