Financial news

• I found out by chance my Citroen DS3 has a ‘stop drive’ recall over airbag

  08-07-2025 08:00 via theguardian.com
  I only bought it three weeks ago and have not received any communication from the company about a repairI’ve discovered by chance that my Citroën DS3 has been issued with a “stop drive” notice because of a potentially lethal fault with the airbag. I only bought it three weeks ago and have not received any communication from the company.Citroën’s “customer care” line refused to answer any questions and directed me to the dedicated recall line. Despite
  
  Read more

• Martin Lewis' fully legal method to pass on £1m with no Inheritance Tax

  08-11-2025 23:15 via express.co.uk
  Money expert Martin Lewis says there's a way you can legally avoid Inheritance Tax by boosting your threshold by an extra £675,000.
  
  Read more

• UK workers guaranteed to lose £14,831 to income tax rise ‘by the back door’

  08-11-2025 22:35 via express.co.uk
  Workers are losing a confirmed £14,831 to stealth income tax rises - and it could get even worse.
  
  Read more

• ‘Environmental catastrophe’ fears as millions of plastic beads wash up on Camber Sands

  08-11-2025 21:22 via theguardian.com
  MP asks for explanation from Southern Water amid concerns the spill could have dire impact on rare sea lifeSouthern Water is investigating after millions of contaminated plastic beads washed up on Camber Sands beach, risking an “environmental catastrophe”.The biobeads could have a dire impact on marine life, the local MP has said, with fears rare sea life, including seabirds, porpoises and seals, could ingest them and die. Continue reading...
  
  Read more

• Advertisement

• ‘Two up two down’ tax for state pensioners on table this November

  08-11-2025 19:45 via express.co.uk
  Labour could hit state pensioners with a tax increase which hits state pensioners, according to financial experts.
  
  Read more

• Revealed: The billion-pound PPE contractor with a Tory MP on site

  08-11-2025 18:40 via theguardian.com
  Special report: Uniserve was paid £1.4bn for Covid contracts that included supply of £178.5m in never-used equipmentWhen Mrs Justice Cockerill handed down her judgment in the high court against PPE Medpro, the company linked to the Conservative peer Michelle Mone, for supplying unsafe personal protective equipment during the pandemic, her findings were a landmark in a five-year saga that cast the opaque world of government deal making into stark light.PPE Medpro was ordered to refund
  
  Read more

• Tax-free Personal Allowance raised to £13,830 for ‘backdating’ households

  08-11-2025 18:10 via express.co.uk
  Some households can use a 'backdating' method to get a much improved £13,830 Personal Allowance tax-free.
  
  Read more

• DHS head reportedly authorized purchase of 10 engineless Spirit Airlines planes that airline didn’t own

  08-11-2025 17:47 via theguardian.com
  Wall Street Journal reports Kristi Noem arranged purchase to expand deportation flights and for personal travelThe secretary of the US Department of Homeland Security (DHS), Kristi Noem, reportedly authorized the purchase of Spirit Airlines jets before discovering the airline didn’t actually own the planes – and that the aircraft lacked engines.The bizarre anecdote was contained in a Wall Street Journal report released on Friday, which recounted how Noem and Corey Lewandowski –
  
  Read more

• Advertisement

• Rachel Reeves' budget tax raid feared to cost 9 million pensioners £380 a year

  08-11-2025 17:13 via express.co.uk
  The move is predicted to raise more than £6billion a year.
  
  Read more

• Near Ohio air force base, food pantries and businesses grapple with effects of shutdown

  08-11-2025 16:00 via theguardian.com
  As tens of thousands of military personnel work without pay and others are furloughed, a local pantry sees its numbers increasing as restaurants are losing customersWhen Jane Doorley and her husband Bill arrived at the Fairborn Fish Food Pantry they help run on 28 October, they couldn’t get into the parking lot, such was the number of cars belonging to people seeking food.“Our numbers are way up. Last Friday was really bad too,” says Jane. “Around 250 families, including
  
  Read more

• HMRC urges people earning under £100,000 to ‘sign up’ for £2,000

  08-11-2025 15:53 via express.co.uk
  Eligible households can get up to £500 every three months from HMRC.
  
  Read more

• Number of top-rate taxpayers hits record 1 million due to frozen bands

  08-11-2025 15:38 via express.co.uk
  The 45% top rate of tax was introduced by the Tories in 2013 with a threshold of £150,000
  
  Read more

• Rachel Reeves ‘set to make huge change to pensions’ this month

  08-11-2025 15:14 via express.co.uk
  Tax rises are expected to be announced by the Chancellor in the autumn Budget in November.
  
  Read more

• UPS and FedEx ground all MD-11 planes after deadly Louisville crash

  08-11-2025 15:06 via theguardian.com
  UPS cites ‘abundance of caution’ and manufacturer’s recommendation after 14 died when wing caught fire and engine fell offThe freight companies UPS and FedEx have grounded their fleets of MD-11 aircraft days after a cargo plane crash that killed 14 people in Kentucky.The grounded MD-11s are the same type of plane involved in Tuesday’s crash at a UPS facility in Louisville. They were originally built by McDonnell Douglas until it was taken over by Boeing. Continue reading.
  
  Read more

• Lula’s balancing act: Cop30 Amazon summit juggles climate and social priorities

  08-11-2025 15:00 via theguardian.com
  Brazil’s president welcomes world leaders while navigating divided government, promising action on deforestation and emissionsHow could the Tropical Forest Forever Facility tackle deforestation?Brazil’s president, Luiz Inácio Lula da Silva, has welcomed world leaders to Belém for the first climate summit in the Amazon, where conservationists hope he can be a champion for the rainforest and its people.But with a divided administration, a hostile Congress and 20th-century
  
  Read more

• Everybody panic – the workplace has become too ‘feminized’! | Arwa Mahdawi

  08-11-2025 15:00 via theguardian.com
  This week, Mexico’s president was groped in public. But a New York Times podcast is fretting about excessive wokenessLean in (to misogyny), ladies!Are you a woman? Do you want to rapidly raise your profile and get booked on the speaking circuit? Are you good at mental gymnastics?Arwa Mahdawi is a Guardian columnist Continue reading...
  
  Read more

• Businesses worldwide brace for extra Trump tariffs on steel imports

  08-11-2025 15:00 via theguardian.com
  Commerce department expected to add about 700 more items with steel content to levy list at request of US firmsBusinesses around the world are steeling themselves for another round of Donald Trump’s tariffs, this time on goods ranging from bicycles to baking trays, as US industry embraces a call for more products to tax on import.Small, medium and large American companies have asked the US Department of Commerce to add about 700 more items to an August list of 407 products already facing e
  
  Read more

• Households handed £130 cost of living payment in November

  08-11-2025 13:02 via express.co.uk
  The payment will be issued to eligible households this month.
  
  Read more

• ShutdownTok: federal workers detail life without pay amid government’s closure

  08-11-2025 13:00 via theguardian.com
  Federal employees on social media share practical tips and document lives amid longest US shutdown in historyAs the US government shutdown stretches on after becoming the longest in history, influencers and content creators have stepped into improvised public-service roles by chronicling life without paychecks.Across TikTok, Instagram and YouTube, federal workers have been publishing “shutdown vlogs” that mix dark humor with practical tips. The federal shutdown has created its own in
  
  Read more

• Elon Musk makes himself far-right fixture after White House departure

  08-11-2025 13:00 via theguardian.com
  The Tesla CEO once hinted he was done with politics – but he’s been leaning further into the international far rightWhen the far-right activist Tommy Robinson emerged from a London courtroom this week after a judge cleared him of a terrorism charge, he gave thanks to the man he said had bankrolled his defense.“Elon Musk, I’m forever grateful. If you didn’t step in and fund my legal fight I’d probably be in jail,” Robinson said. “Thank you, Elon.&rd
  
  Read more

• Plant importers say border delays in Kent could drive up prices and stop deliveries from EU

  08-11-2025 12:00 via theguardian.com
  Traders report long waits at Sevington inspection post and claim trees and shrubs are repeatedly being damagedImporters of plants say long delays and damage to shipments at a Kent border control post risk driving up prices and could lead to transport companies stopping deliveries across the Channel.Traders have reported long waits in recent weeks at the government’s Sevington facility off the M20 near Ashford, which was built to check goods of plant and animal origin arriving from the EU.
  
  Read more

• I wish we could ignore Bill Gates on the climate crisis. But he’s a billionaire, so we can’t | George Monbiot

  08-11-2025 09:00 via theguardian.com
  Money talks – and his essay denouncing ‘near-term emissions goals’ at Cop30 mostly argues the case for letting the ultra-rich off the hookLet’s begin with the fundamental problem: Bill Gates is a politics denier. Though he came to it late, he now accepts the realities of climate science. But he lives in flat, embarrassing denial about political realities. His latest essay on climate, published last week, treats the issue as if it existed in a political vacuum. He writes a
  
  Read more

• How might Reeves increase income tax – and what does it mean for you?

  08-11-2025 08:00 via theguardian.com
  The budget could involve a range of rises – here’s how they would stack up for different levels of incomeIn a gloomy state of the nation speech this week Rachel Reeves signalled that a rise in income tax could be on the cards in this month’s budget.Labour had promised in its election manifesto not to increase the levy (or the other two “big three” taxes – national insurance and VAT), but the chancellor appears to be preparing the ground for an almighty U-turn
  
  Read more

• Electric cars: could leasing a used EV help you afford one?

  08-11-2025 08:00 via theguardian.com
  With more secondhand cars available and salary sacrifice schemes offering extra savings, the lease option is taking offWhen Anthony Santos was looking for a car to replace his Audi Q3, a diesel SUV, he felt reluctant about making the switch to an electric car.“I was considering it, but I probably wouldn’t have,” says Santos, a sales manager at RWinvest, a property investment company in Liverpool. But when he started looking at his options the ability to lease a used electric ve
  
  Read more

• Cutting home insulation funding will imperil UK’s climate goals, Reeves told

  08-11-2025 07:01 via theguardian.com
  Energy firms and charities urge chancellor to avoid short-term fix that could also harm low-income householdsRachel Reeves has been told that cutting funding for home insulation at the budget would risk the UK’s climate goals and hurt low-income households in a joint intervention by energy firms, fuel poverty charities and environmental groups.In a letter to the chancellor, more than 60 groups and companies urged Reeves not to take such a damaging “short-term fix” to slash fund
  
  Read more

• Less arguing, more action: will Brazil’s unorthodox approach to Cop30 work?

  08-11-2025 07:00 via theguardian.com
  Host uses Indigenous concepts and changes agenda to help delegates agree on ways to meet existing climate goalsShipping containers, cruise ships, river boats, schools and even army barracks have been pressed into service as accommodation for the 50,000 plus people descending on the Amazon: this year’s Cop30 climate summit is going to be, in many ways, an unconventional one.Located in Belém, a small city at the mouth of the Amazon river, the Brazilian hosts have been criticised for t
  
  Read more

• England facing drastic measures due to extreme drought next year

  08-11-2025 07:00 via theguardian.com
  Government and water companies are devising emergency plans for worst water shortage in decadesWater companies and the government are drawing up emergency plans for a drought next year more extreme than we have seen in decades.Executives at one major water company told the Guardian they were extremely concerned about the prospect of a winter with lower than average rainfall, which the Met Office’s long-term forecast says is likely. They said if this happened, the water shortfall would mean
  
  Read more

• US and China seek to project power with huge and expensive aircraft carriers

  08-11-2025 06:00 via theguardian.com
  China launches £5.4bn ship capable of carrying 60 aircraft that Beijing values as much for maintaining its global influence as for its use in warfare In port, the 80,000-tonne Fujian aircraft carrier would be impossible to miss. More than 300 metres long and capable of carrying about 60 aircraft, the £5.4bn super-vessel places China second among the world’s navies, with three aircraft carriers, though still a long way behind the global leader, the US, which has 11.Yet for all t
  
  Read more

• Trump claims foreign-owned meatpackers driving up US beef prices

  07-11-2025 23:25 via theguardian.com
  President asks justice department to open an investigation but provides no proof to support his allegationsDonald Trump on Friday accused foreign-owned meat packers of driving up the price of beef in the US and asked the Department of Justice to open an investigation.The Republican president announced the move on social media days after his party suffered losses in key elections in which the winning Democratic candidates focused relentlessly on the public’s concerns about the cost of livin
  
  Read more

• The Guardian view on the John Lewis Christmas ad: a modern story of fathers and sons | Editorial

  07-11-2025 19:25 via theguardian.com
  It might be darker than usual, but this year’s festive offering reflects our fears for boys growing up todayWe need look no further than this year’s John Lewis Christmas ad to see that one of the most urgent national conversations is the crisis of boyhood. Fears around the rise of the manosphere, spiralling mental health problems and loneliness among young men have made headlines, from Sir Gareth Southgate’s Richard Dimbleby lecture, in which he expressed fears that &ldquo
  
  Read more

Follow @financialnwsUK on Twitter!