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Labour’s nationalisation plans should be debated – but not with misleading figures | Carys Roberts
The CBI’s flawed analysis ignored all the benefits of the party’s flagship policyIt’s hard to unite nationalisation advocates and sceptics. But the Confederation of British Industry has managed to do just that, getting into hot water this week with an unsubstantiated claim that the Labour party’s plans to renationalise utilities would cost £196bn. These kinds of big numbers get media attention and help drive a narrative, particularly when they come from an establish -
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 -
Half of universal credit claimants ‘lose money through automatic DWP deductions’
via theguardian.comThinktank says £1 lost in every £13 basic payment to repay debts to private landlords and utility firms and correct tax office errorsHalf of those on universal credit are losing money on every payment because of automatic deductions by the Department for Work and Pensions (DWP), according to research.Claimants are losing £1 in every £13 of basic payment to repay debts to private landlords and utility companies and correct mistakes made by the tax office, said the New Econ -
Hope for young home buyers – number getting keys recovers to 2010 level
via express.co.ukThe number you young people getting the keys to their own home fell continuously from 2000 through to 2015. -
What General Election could mean for your wealth - from stocks to tax and EFTs
via express.co.ukANAYLSIS: MoneyMagpie founder Jasmine Birtles assesses the financial landscape and how it could be affected by the General Election. -
Fun ways to make money with your family in the summer holidays
via express.co.ukMoneyMagpie dishes advice on how you can turn once-expensive summer holidays into a productive period. -
Baby boomers are much more worried about the NHS than their pensions, Mr Sunak
via theguardian.comThe Conservatives are trying to bribe them without asking what they actually wantOne week done, five to go. Hang in there, people. What have we learned? That the Conservatives plan to spray around lots of policies. Fair enough – talking about a zany new idea for the future avoids a conversation about the past (stagnant wages plus ubiquitous potholes mean the public has largely made up its mind about the Conservatives).These aren’t random announcements – they’re aimed at o -
General Election 2024 and what it could mean for investors in the UK
via express.co.ukMoneyMagpie has explored the various factors voters will weigh up when voting in the General Election. -
The Observer view on the social care crisis: whoever wins the election, it needs addressing urgently
via theguardian.comLabour and the Tories are avoiding talking about how to fund the overhaul of a system that is failing the elderly and people with disabilitiesThere is one pressing issue affecting millions of people that has been conspicuous in its absence from the general election campaign so far. The parlous state of social care in England – a system that has been described as being in crisis for well over a decade – is leaving too many older people and those with disabilities without the personal -
Liquidation threat hangs over Ted Baker UK without licensing deal
via express.co.ukTed Baker's British operations will likely have to be liquidated if its rights owner Authentic Brands cannot reach a licensing deal with potential rescuers, administrators warn. -
King Charles banknotes set to enter circulation for first time on this date
via express.co.ukThe Bank of England will issue banknotes bearing the likeness of King Charles for the first time on Wednesday.
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