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Scams: FCA blocks more than 10,000 ads from Instagram, Facebook and YouTube
via theguardian.comFinancial watchdog warns over rise of ‘fin-fluencers’ targeting younger people on social mediaMore than 10,000 misleading financial promotions and scams aimed at consumers via social media sites such as Instagram, Facebook, YouTube and TikTok have been identified and targeted by the financial watchdog during the past year.The Financial Conduct Authority (FCA) said the use of social media marketing channels and the rise of so-called “fin-fluencers” – particularly dir -
DWP unclaimed benefits that could boost income by £2,700 - check if you can claim
The total amount of unclaimed income-related benefits and other support has risen to almost £23billion a year, according to a new report - here's how to check if you're owed money -
EasyJet targets record summer as air travel giant slashes losses thanks to demand
Easyjet says strong demand for flights and holidays has helped it slash its first half seasonal pre-tax losses by up to £71million, putting it on track for a record summer. -
One in 10 people have less than £25 left in their current account at the end of each month
Nearly two-fifths of people have less than £100 left at the end of each month and three-quarters have less than £500, polling company Censuswide found. -
Bank offers market-leading 5.25% on 90-day notice savings account
The account can be opened online with a £5,000 minimum deposit. -
Martin Lewis fan claims little-known DWP benefit and is now £5,600 better off
Martin Lewis' latest MoneySavingExpert.com newsletter alerted fans to the fact that more than one million are missing out on the DWP benefit. -
Insurance firms accused of adding hundreds onto customers' monthly premiums
The row has been highlighted by Which? who are calling on City watchdogs at the Financial Conduct Authority to intervene. -
BP's new boss trims leadership team amid shake-up
The group is reducing its executive director leadership team to 10 from 11 after a move to axe the regions, corporates and solutions division. -
Premium Bonds customer alarmed as maximum holding amount shrinks - NS&I explains
The maximum amount they could invest dropped after they tried to make a transaction. -
Council tax reform demands to scrap 'unfair' system - and how to claim back thousands
Campaigners say changing the system would ease the financial burden on smaller households. -
Forced home moves cost renters over half a billion pounds a year
via theguardian.comThere were 830,000 unwanted moves in England over the past 12 months, meaning 40% have been forced to relocateUnwanted home moves cost renters more than half a billion pounds a year, with tenants coughing up an average of £669 every time they are forced by landlords to leave their home, a survey has revealed.Analysis by the homelessness charity Shelter estimated that there had been 830,000 unwanted moves in England over the past 12 months, meaning 40% of renters who move house are doing so -
Private health insurance market grows by £385m in a year amid NHS crisis
via theguardian.comDemand for private treatment booms as NHS waiting lists remain long, while more people also sign up for dental cover Britain’s health cover market has grown by £385m in a year as the NHS crisis prompted more people to seek out private medical treatment and demand for dental insurance increased, according to a report.The total health cover market, including medical and dental insurance and cash plans, grew 6.1% to £6.7bn in 2022, the latest year for which figures are available, -
Oxford Science Enterprises welcomes Kirsty Lloyd-Jukes as an Entrepreneur in Residence to accelerate company creation
- An experienced entrepreneur, Kirsty is the former CEO of Oxford spinout Latent Logic, which was acquired by world-leading autonomous driving company Waymo in 2019Oxford, UK: April 18, 2024: Oxford Science Enterprises (OSE), the independent investment company created to found, fund and build transformational businesses via its unique partnership with the University of Oxford, today announces the appointment of Kirsty Lloyd-Jukes as Entrepreneur in Residence (EIR) focused on the creation o -
Students turning to cyberfraud as huge phishing site infiltrated, police reveal
via theguardian.comLabHost enabled users to set up websites designed to trick victims into revealing personal information – with 70,000 allegedly duped in the UKUniversity students have turned to cyber fraud to boost their income, police have said, as they revealed they have infiltrated a huge phishing site on the dark web responsible for scamming tens of thousands of people.The site called LabHost was active since 2021 and was a cyber fraud superstore, allowing users to produce realistic-looking websites fr -
Holland & Barrett trains 600 women’s health coaches to give in-store support
via theguardian.comRetailer says it is filling advice gap on subjects such as menstruation and hormones amid wellness-focused revampIt used to be known mainly as a destination for dried fruit and vitamin tablets but now women can get advice on period pain, mood swings and sleep while shopping in Holland & Barrett.The retailer has trained 600 staff to act as women’s health coaches after its research revealed demand for broader support on hormonal and menstrual issues, with menopause the “tip of the -
Bank of England governor shrugs off smaller-than-expected fall in inflation
via theguardian.comAndrew Bailey says inflation is in line with BoE forecasts but view of marketsis that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased fro -
DWP warns carers they could face greater penalties if they appeal against fines
via theguardian.comOfficials at Department for Work and Pensions accused of ‘threatening and cruel’ tactics over repayment ordersWoman with dementia, 92, told to repay £7,000 in disability allowanceGovernment officials have been accused of using “threatening and cruel” tactics towards unpaid carers by saying they could face even greater financial penalties if they appeal against “vindictive” benefit fines.This month a Guardian investigation revealed that thousands of peopl -
Compensation payouts to UK rail passengers for delays hit £100m a year
via theguardian.comRecord sum follows almost 320,000 train services being cancelled or part cancelled in past year in BritainBusiness live – latest updatesCompensation paid to passengers for train delays in Britain has reached record levels, with annual payouts surpassing £100m and the number of claims for delayed or cancelled trains continuing to grow.Payouts to passengers for disrupted journeys reached £101.3m in the year to April 2023 – up by 155% from £39m in 2021-22. Continue rea -
TikTok questioned by EU over Lite app that ‘pays’ users for watching videos
via theguardian.comEuropean Commission has concerns about app’s impact on children, as well as addictionThe EU has given TikTok 24 hours to provide a risk assessment over a new service it has launched amid concerns it could encourage children to become addicted to videos on the platform.The watch-and-get-rewarded application, TikTok Lite, launched in France and Spain this month, in effect offers users prizes such as Amazon vouchers, gift cards via PayPal or TikTok’s Coins currency for points earned thr -
Efficient, reliable – and fragrant: German rail firm announces plans for the future
via theguardian.comDeutsche Bahn’s vision includes hi-tech cabins and more efficient engineering work amid growing dissatisfaction with the railwayGermany’s national rail company, Deutsche Bahn, has announced its plans for the future, with a multi-billion euro revamp which its bosses say will make it more efficient, more reliable – and more fragrant.Digitalised railway stations, single-seat cabins and longer trains are among the promises, as well as buttons that passengers can press to diffuse re -
Tesla asks shareholders to back $56bn pay for Elon Musk rejected by judge
via theguardian.comDelaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018. A Delaware judge rejected the pay package in January, calling it excessive and saying the company’s board failed to justify it.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s mark -
UK inflation falls by less than forecast to 3.2%, cooling rate cut hopes
via theguardian.comPredictions for when Bank of England will start lowering cost of borrowing pushed backAnalysis: Sunak hopes of pre-election rate cuts frustratedBusiness live – latest updatesThe UK’s annual inflation rate fell by less than expected last month to 3.2%, complicating the timing of a potential first Bank of England interest rate cut.Figures from the Office for National Statistics (ONS), showed inflation continued to ease in March from 3.4% in February to reach the lowest level since Sept -
Beware risks of voter giveaways to public finances, countries facing elections told
via theguardian.comIMF says reduction in national insurance may have made cutting UK national debt more difficultThe International Monetary Fund has issued a strong warning to Britain and other countries facing elections this year to avoid voter giveaways that might pose risks to their public finances.In its half-yearly fiscal monitor, the IMF said the reduction in national insurance contributions (NICs) announced by Jeremy Hunt in his budget last month may have already made cutting the UK’s national debt mo -
PMQs: no one has put up taxes more times than Rishi Sunak, says Keir Starmer – video
via theguardian.com'No single politician has ever put tax up more times than he has,' said Keir Starmer during a heated session at prime minister's questions, during which the Labour leader clashed with the prime minister over the Conservative party's management of the economy.Sunak defended his record, saying inflation was down and pensions had been increased, accusing the Labour leader of wanting to increase taxesUK politics – latest updates Continue reading... -
I’m 17 and haven’t seen a dentist for four years. This is life in England’s NHS dental deserts | Beth Riding
via theguardian.comLike many young people, I have no hope of finding an NHS dentist – and this is only deepening class divisionsThis article won the 16-18 age category of the Guardian Foundation’s 2024 Hugo Young award, which champions political opinion writingWhen I was 12 my childhood dentist went private. It was 2018 and I’d just had a consultation with my orthodontist, and had been told I would need at least two teeth removed before my braces could be fitted. My options were: pay (a minimum o -
Post Office chief Nick Read cleared of misconduct in separate inquiry
via theguardian.comExistence of whistleblower allegations added to scandal over Horizon computer systemThe Post Office has said that its chief executive, Nick Read, has been cleared of any wrongdoing in an investigation after the existence of whistleblower allegations was dramatically revealed in parliament.Read has been “exonerated of all the misconduct allegations” brought by a whistleblower after an investigation by an external barrister. Continue reading... -
Taylor Swift fans given ‘urgent warning’ as £1m lost in ticket scams
via theguardian.comLloyds Bank says more than 600 of its customers have been tricked by fraudsters so farA rise in fraud cases involving Taylor Swift fans desperate to buy tickets to her sold-out UK shows has prompted Lloyds Bank to issue an “urgent warning” after more than 600 of its customers were scammed.With the superstar due to arrive in Europe next month, the high street bank said its data suggested that UK fans had lost more than £1m to fraudsters so far. Continue reading... -
Royal Mail owner received takeover offer from Czech billionaire
via theguardian.comIDS shares rise as it is reported it rejected bid from Daniel Křetínský’s EP GroupBusiness live – latest updatesThe owner of Royal Mail received a takeover offer from a Czech billionaire who has stakes in Sainsbury’s and West Ham United football club.Daniel Křetínský approached International Distributions Services (IDS), the owner of the struggling British postal company, this month. Continue reading... -
Asos says it will take ‘necessary actions’ after 18% drop in sales
via theguardian.comOnline fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120mAsos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.The company reported an 18% drop in sales year on year for the first six months to 3 March. This contributed to an underlying pre-tax loss of £120m, widened from the £87.4m loss recorded d -
Trader Joe’s and Starbucks are helping Elon Musk undermine the US government | Steven Greenhouse
via theguardian.comSpaceX is trying to kill a federal agency that accused it of labor violations. Ostensibly progressive brands have leaped to join inElon Musk boasts that he’s a “free speech absolutist”, but that didn’t stop his rocket company, SpaceX, from firing eight workers who had criticized him for making light of reports that SpaceX had settled a sexual harassment claim against him.Not stopping there, SpaceX has moved to put the National Labor Relations Board (NLRB), the US’s
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