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Michael Gove admits ‘regret’ over rise in children in temporary housing
via theguardian.comData shows 112,000 households in temporary housing in England on 31 December 2023, a 12.1% rise on the previous yearMichael Gove has admitted “regret” over the increased number of children in temporary accommodation, as the latest government figures have laid bare the scale of England’s housing crisis.Figures published by the government at the end of April show nearly 112,000 households were in temporary accommodation on 31 December 2023, a 12.1% increase from the previous year -
Morrisons workers strike at two warehouses amid pensions row
via theguardian.comUnite union says workers are being ‘fleeced’ by supermarket’s changes to pension contribution rules• Business live – latest updatesAlmost 1,000 workers at two Morrisons warehouses will strike for the next three days over a cut in company contributions to their pensions which they say is worth up to £10m a year.The warehouse stock controllers, cooks, canteen staff, and administrators at the sites in Gadbrook, Cheshire, and Wakefield, West Yorkshire, who earn bet -
Martin Lewis warns millions of savers to ditch savings accounts for better options
via express.co.ukMartin Lewis has urged people to take advantage of the higher savings as they could soon start to drop. -
New fee structure proposed for claims management companies by Financial Ombudsman Service
via express.co.ukThe Financial Ombudsman Service has proposed new charges for CMCs to lodge a case, in a bid to make its fee model fairer. -
Premium Bonds saver disappointed as they win nothing in 55 years - NS&I responds
via express.co.ukEach £1 Bond has an equal chance of winning in the monthly prize draw. -
Bank relaunches savings account with 'excellent' 5.35% interest rate
via express.co.ukThe new interest rate is now leading the notice savings accounts market. -
How WASPI women DWP compensation campaign is affected by General Election
via express.co.ukEXCLUSIVE: WASPI chief Angela Madden has spoken to the Express about the implications of Rishi Sunak's decision to call a General Election. -
Smart meter warning issued over faulty devices failing to cut energy bills
via express.co.ukSmart meters are seen as an important part of the transition to net zero as they allow homeowners to more easily track their energy use and take steps to reduce consumption. -
‘Sorry, no one is in’: few are at home for Margaret Hodge’s ‘kleptocracy walking tour’
via theguardian.comCampaigning Labour MP knocks on doors of wealthy London homes bought by foreign leaders who are subject to sanctionsMargaret Hodge, the veteran Labour MP and former minister, is on a mission to knock on the doors of multimillion-pound London properties.The luxury homes she is calling on are linked to the Russian foreign minister, Sergei Lavrov, and the Azerbaijani president, Ilham Aliyev, in gated communities in Kensington, west London, and closely guarded by private security. Continue reading.. -
TSB launches new deal offering free £160 to customers on this one condition
via express.co.ukEligible TSB customers can also choose a reward, from free hotel stays to cinema tickets. -
Energy prices 'to remain high and volatile for the foreseeable future', warns Ofgem
via express.co.ukNew data shows customer bad debt has increased by 50% in the past year, costing the industry £3billion, as Ofgem warns energy prices are set to remain high and volatile. -
Nine in 10 savings deals now beat inflation - but these are top eight accounts today
via express.co.ukAs many as 1,558 savings accounts are offering inflation-beating returns. -
Mortgage blow as BoE will REFUSE to cut interest rates as general election looms
via express.co.ukYesterday's sharp inflation drop was good news for homeowners as it brought the first interest rate cut that bit closer. What happened next was a nightmare. -
National Grid taps shareholders to help fund £60bn low-carbon energy switch
via theguardian.comInfrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UKNational Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on either side of the Atlantic.The energy infrastructure company announced a £6.8bn rights issue – where existing shareholders are offered new shares – to provide fresh funds for investment in thousands of miles of -
Martin Lewis warning not to do one thing when holidaying abroad this summer
via express.co.ukThe founder of Money Saving Expert says there's one thing Britons need to think about before they spend abroad. -
British Gas launches new energy bills deal to save households up to £450 a year
via express.co.ukThe new deal aims to "help customers pockets as well as the planet". -
Google Pixel 8a review: new Android mid-range champion
via theguardian.comTop camera, chip, seven years of updates and advanced Google AI tools beats the competitionGoogle’s latest mid-range A-series Pixel handset steps it up a notch, bringing almost every feature from its high-end phones down to a more affordable price, including the latest AI and camera tricks.The Pixel 8a starts at £499 (€549/$499/A$849). That may be £50 more than last year’s 7a, but the new model improves just about everything, and undercuts the Pixel 8 by £200.S -
Almost a third of household smart meters not working properly, says Citizens Advice
via theguardian.comCharity says tech problems and poor customer service mean millions in Great Britain missing out on promised benefitsThe number of gas and electricity smart meters that are not working properly is likely to be higher than government figures suggest – possibly 20% to 30% of the total – according to research from Citizens Advice.The charity said millions of households were missing out on the promised benefits from smart meters due to “problems with technology” and poor suppl -
Virgin Money shareholders vote for Nationwide takeover by big majority
via theguardian.comThe deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from saleVirgin Money shareholders have voted in favour of a £2.9bn takeover by rival lender Nationwide Building Society, helping clear the path for the biggest UK banking deal since the financial crisis.Just over 89% of voting shareholders said yes to the deal at a general meeting on Wednesday, while nearly 11% rejected the move. The resolution required at least 75% backing to pass. C -
US to apply consumer protection rules to buy now, pay later lenders
via theguardian.comInstallment repayment programs like Affirm, Karna and Afterpay are getting more oversight amid sharp rise in useThe US Consumer Financial Protection Bureau (CFPB) will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, the agency said on Wednesday, in an effort to impose more oversight on the fast-growing sector.BNPL providers such as Affirm, Klarna and Afterpay partner with retailers to finance customer purchases, which shoppers repay in installments. The sec -
Quiet vacationing: why workers are sneaking off on holiday without telling their boss
via theguardian.comIn the US, millennials and gen Z often don’t take their annual leave for fear of looking like slackers. But they are still booking some time on the beach …Name: Quiet vacationing.Age: The phrase is a new one, the thing it describes less so. Continue reading... -
UK drivers warned to watch out for ‘crash for cash’ fraud claims
via theguardian.comInsurer Allianz says scam by criminals on motorbikes and scooters increased by 6,000% last yearMotorists have been warned to be vigilant after a 60-fold increase in “crash for cash” fraud claims involving motorbike and scooter riders staging accidents so they can blame innocent drivers.The insurer Allianz said its data showed that claims relating to this scam increased by 6,000% between January and December 2023 – a significant jump from the 50% increase the year before. Contin -
Rishi Sunak refuses to rule out summer general election – video
via theguardian.com'Spoiler alert, there is going to be a general election in the second half of this year,' says Rishi Sunak in a response to a question during PMQs from the SNP's Stephen Flynn. Sunak declined to rule out a summer date after Flynn insisted the prime minister respond to the 'speculation' surrounding an early election. The Conservatives suffered heavy losses at the local elections in England earlier in May. The party lost 515 councillors, ceded control of 10 councils and was defeated in the West Mi -
UK inflation slows to 2.3% on lower energy costs; government borrowing fourth-highest April figure on record – business live
via theguardian.comServices inflation higher than expected; electricity and gas prices in record 27% drop, food price rises lowest since 2021Financial markets have scaled back their expectations for an interest rate cut in June, and August is also looking slightly less likely. They are forecasting a reduction by September, though.Before today’s inflation data, which showed services inflation is more stubborn than expected, markets had fully priced in two rate cuts this year, one by August and another one bef -
Paula Vennells cries and denies knowing Post Office was carrying out its own prosecutions – live
via theguardian.comFormer chief executive tells the inquiry she did not realise Post Office was carrying out prosecutions itself until 2012Paula Vennells has made an opening statement at the Post Office Horizon IT inquiry where she apologised to the victims of the scandal and offered to stand outside the old Post Office of one of the victims with them to explain to people what happened and what they went through. She said she had been deeply affected by victim impact statements heard by the inquiry.She said:I woul -
Marks & Spencer boss hails ‘growth story’ as annual profits rise 41%
via theguardian.comPre-tax profits increase to £672.5m and retailer says it will reduce costs further as part of five-year planBusiness live – latest updatesThe boss of Marks & Spencer says he is hopeful of a “growth story for years to come” after the revitalised retailer won over 1 million more shoppers to boost profits by 41%.Stuart Machin, the chief executive, said it was “the beginnings of a new M&S” and there was “wind in our sails and confidence that our plan -
US investment firm seizes control of Inter after missed payment from Chinese owners
via theguardian.comSuning’s loan was guaranteed by stake in Italian clubInter become seventh Serie A club with US ownersThe United States-based investment fund Oaktree Capital Management said on Wednesday it has become the new owner of Serie A champions Inter after a missed $428m (£336m) payment from the club’s Chinese holding company, Suning.Granted in 2021 to the Luxembourg-based vehicle through which the Chinese conglomerate Suning controlled Inter, the loan was guaranteed by the firm’s -
Former Post Office chief breaks down in tears at Horizon IT inquiry – video
via theguardian.comPaula Vennells broke down in tears while giving evidence during the Horizon IT inquiry, as she apologised for telling MPs the Post Office was successful in every court case against post office operators. She told MPs on Wednesday: 'I followed and listened to all of the human impact statements and I was very affected by them ... I am very, very sorry'Post Office Horizon inquiry – live updates Continue reading... -
Citigroup fined over ‘fat finger’ error that led to £1.1bn of mistaken orders
via theguardian.comUK regulators fine bank £61.6m over 2022 trader blunder that prompted flash crash in European stocksCitigroup has been fined £61.6m by financial regulators after its internal systems failed to prevent a fat-fingered banker causing a flash crash by erroneously placing more than £1bn of orders.The trader had intended to sell equities to the value of $58m (£46m) on 2 May 2022. However, the banker made an inputting error while entering the transaction into Citigroup’s o -
Severn Trent increases payout to shareholders despite its 60,000 sewage spills last year
via theguardian.comFinal dividend hiked by 9% amid anger over water firms making payouts to investors while polluting waterwaysBusiness live – latest updatesSevern Trent has increased its payout to shareholders despite being responsible for 60,000 sewage spills last year.Severn hiked its final dividend by 9% to 70.1p a share after pre-tax profits swelled almost 20% to £201.3m in the year to the end of March. Continue reading...
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