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‘It felt like a massive scam’: the minor prangs to cars that lead to huge charges
via theguardian.comReaders tell us insurance premiums soared and vehicles were written off after the cost of claims soaredWant to know why your car insurance premium has doubled in the past two years? Could the apparently bizarre and wasteful way that car insurers pay claims have something to do with it?Guardian Money recently asked readers to describe their experience after they had been involved in minor prangs, and the responses – and the figures quoted – are astonishing. Continue reading... -
Best savings accounts now offer interest rates more than double inflation - top 7 accounts
via express.co.ukAn impressive 1,642 savings accounts now offer interest rates above the UK's 2.3 percent inflation rate. -
Zara plots further expansion after strong spring and summer collection sales
via express.co.ukZara owner Inditex says that strong demand for its spring and summer collections have sent its first quarter sales and profits up 7.1% and 11.1% respectively. -
Amazon faces investor scrutiny over trade union policies in UK, urged to validate human ri
via express.co.ukThe CCLA Investment Management has written to the retail giant as part of a group of 50 investors and advisors in defence of worker bargaining rights. -
Martin Lewis' urgent DWP state pension update with £12,570 warning after ITV debate
via express.co.ukMoney guru Martin Lewis has issued an urgent state pension update following the ITV debate between Rishi Sunak and Keir Starmer -
Interest rate cuts likely after business' cost inflation tumbles to 40-month low
via express.co.ukInflation across the private sector eased last month to its lowest level since January 2021 new data shows, paving the way for Bank of England rate cuts this summer. -
Fuel fury as prices for consumers 'fall like a feather' despite plunge in oil costs
via express.co.ukThe RAC says there was a small fall in the average price of petrol and diesel in May - but not enough. -
UK retailer B&M announces major expansion with plans for over 1,200 stores
via express.co.ukSales at the discount retailer grew as cash-strapped shoppers sought out deals, the company said -
Martin Lewis issues ‘batch cooking’ warning to British Gas, EON, EDF and Octopus customers
via express.co.ukMartin Lewis issued a 'batch cooking' warning to British Gas, Octopus Energy and EOn customers -
Martin Lewis issues 'black hole' warning over General Election TV debates
via express.co.ukThe founder of Money Saving Expert weighed in on the debate between Sir Keir Starmer and Rishi Sunak. -
New lifeline for bank customers as ‘super-ATMs’ go on trial in England
via theguardian.comResidents in areas without branches can withdraw and deposit cash with various high street banks using one machineThe first in a planned wave of new “super-ATMs” allowing customers of multiple banks to make cash deposits and free withdrawals have opened for business.Described as a UK industry first, major high street banks have worked together to install “multi-bank deposit ATMs” that could offer a lifeline for residents and small businesses in areas that have in some cas -
Will Labour rebalance the country in favour of working people? I don’t think so | Sharon Graham
via theguardian.comI have watched as corporate lobbyists push to water down Labour’s pro-worker policies. We, the labour movement, must push backSharon Graham is the general secretary of UniteUnite may be Labour’s biggest affiliate, but our job first and foremost is to defend workers. I make no apology for holding Labour’s feet to the fire on workers’ rights – no matter how uncomfortable it might make some or what criticism is laid at my door.Of course I want a Labour government, but -
Vistry sells 1,750 homes to Blackstone and Regis in £580m deal
via theguardian.comPortfolio of rental properties, focused in the south-east of England, will be managed by Leaf LivingBusiness live – latest updatesThe housebuilder Vistry has agreed to sell 1,750 new homes to the private equity group Blackstone and its partner Regis for rent in a £580m deal.Vistry said the portfolio, concentrated in the south-east of England and spanning 36 developments, would be managed by the private rented sector housing provider Leaf Living, which is backed by funds managed by Bl -
Internet provider Brsk has blocked our home’s view
via theguardian.comAn enormous telegraph pole appeared out of the blue, and council says there is nothing we can doRecently, without warning, enormous telegraph poles were installed outside our house by internet provider Brsk. We already have BT and Virgin cables running underground. The council told me there was nothing it could do because telegraph poles come under “permitted development” rules. Ten days later we received a letter informing us that we would be invited to give feedback about an upcomi -
Tribunal cases to rise as UK firms push back on remote working, experts say
via theguardian.comSome employers emboldened by ruling against FCA manager’s claim over working at home full-timeLawyers and HR experts expect an increase in employment tribunal cases as companies increasingly clamp down on working from home and staff become resentful that the flexibility they have enjoyed since the Covid crisis is being slowly rolled back.A number of companies are now advocating a full five-day return to the office, with others enforcing a minimum number of days in the workplace. Administra -
HMRC apologises for delayed payment of child benefit to about 500,000 people
via theguardian.comSome parents say processing error has left them unable to buy food for family as others say they are now facing bank chargesAbout 500,000 people in the UK expecting child benefit payments did not receive them on Monday, with some parents saying the shortfall left them unable to buy food for their children or facing bank charges.HM Revenue and Customs (HMRC) apologised after about 30% of child benefit payments scheduled for 3 June did not arrive in claimants’ bank accounts. Late on Monday a -
Keir Starmer plans ‘brutal’ 55% pensions tax - while making sure he never pays it himself
via express.co.ukThe Labour Party is pressing ahead with a brutal 55 percent tax charge on savers with larger pension pots. One man has arranged his own personal opt-out. His name? Sir Keir Starmer. -
'No child benefit today' as HMRC issues update and next payment date confirmed
via express.co.ukAn estimated half a million people are anxiously waiting for their £102 or £168 Child Benefit payment from HMRC -
Shein set to launch massive £50bn IPO in London, in major boost for UK's stock market
via express.co.ukThe fast fashion firm has been in talks with both the US and UK over share listing plans, but has faced significant regulatory hurdles to secure a listing in New York -
Bank raises interest rates across Cash ISA range as ‘popularity’ for accounts 'soar'
via express.co.ukSavers can secure interest rates on certain ISAs of up to 4.76 percent. -
Three, EE, Vodafone and Sky Mobile customers hit with £138 holiday charge this summer
via express.co.ukCustomers of major networks Three, EE, Vodafone and Sky Mobile face a £138 charge on their summer holidays - but not O2 customers -
Warning as 21% of new first-time buyers stretch mortgage terms for more than 35 years
via express.co.ukThe trend of longer-term mortgages is "further evidence of the ongoing affordability crunch", according to UK Finance, as costs and house prices remain high relative to incomes. -
HMRC issues worrying update as £168 Child Benefit payments missing from bank accounts
via express.co.ukMillions of parents across the country were relying on £168 payments arriving in their bank accounts to cover essential costs, including groceries -
Lloyds Bank announces key change to debit cards for customers travelling abroad
via express.co.ukThe new change for Lloyds Bank customers will come into effect on July 1. -
Monzo reports first profit since 2015 in 'landmark year of record growth'
via express.co.ukThe digital bank, which burst onto the banking scene in 2015, said it was benefiting from having more customers depositing more cash in their accounts. -
Are energy performance certificates worth the paper they’re written on?
via theguardian.comEPCs are meant to be a vital insight into how energy efficient a property is. But many are out of date and can be misleadingMost UK homes have one, and they are supposed to provide a vital insight into how energy-efficient a property is. But can energy performance certificates (EPCs) actually be relied on?Calls are growing for a thorough overhaul of the regime amid claims that the information in many may be inaccurate and misleading. Continue reading... -
Dithering DWP owes me £1,300 in carer’s allowance
via theguardian.comI’m forced to survive on a credit card, racking up debts I can’t repayThere is currently a brouhaha concerning people having to repay their carer’s allowance because they exceeded the earnings threshold. I have the opposite problem. I am a carer for an autistic adult son and, depending on his circumstances, I sometimes work, and sometimes stay at home and claim carer’s allowance. I did some work over Christmas and, as always, informed the Department for Work and Pensions -
The Guardian view on taxing billionaires: we need to talk about the super-rich | Editorial
via theguardian.comG20 countries will discuss proposals to make the world’s wealthiest individuals pay more towards funding public goods. The debate is overdueIn his book The Society of Equals, the leading French sociologist Pierre Rosanvallon identifies the rise of the global super-rich as inimical to a shared social order. “The secession of the wealthy,” writes Prof Rosanvallon, means that “the richest sliver of the population now lives in a world unto itself”.Tax avoidance is perha -
There’s no point in marching on with national service | Letters
via theguardian.comReaders respond to the Tory plan to ‘toughen up’ teenagers and make national service compulsory for 18-year-oldsI agree, national service is a very silly policy and only likely to appeal to niche voters (The pensioners’ party plays its last moth-eaten card: national service for the young, 27 May). But is that niche pensioners? Perhaps Polly Toynbee has forgotten that she is a pensioner – as am I at 69. The old cliche of Colonel Blimps and Alf Garnetts is wearing thin. You -
From temporary wallpaper to injections of colour: giving a rented home a makeover
via theguardian.comClever hacks to make a property really feel like a place you can call homeMedina Grillo’s hands-on experience of renovating her rented three-bedroom semi spurred the creation of a blog to help like-minded home-improvers. Now, almost a decade since its launch, it attracts up to 80,000 monthly visitors.When she first moved to Birmingham, she was working as a health professional and updating her house in her spare time. The family has now been there for eight years, but prior to this Medina a
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