Financial news

• State pension age: How does UK retirement age compare with other countries?

  25-01-2023 13:06 via express.co.uk
  
  The state pension age is set to change in the UK - but how does it compare to countries across the world?
  
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• Best savings account: Banks raise interest rates to 4.10% with 'excellent' accounts

  30-01-2023 09:30 via express.co.uk
  
  Money experts are sharing with the best savings accounts being offered by banks and building societies.
  
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• State pension triple lock will deliver 10.1% boost - but 500,000 people set to miss out

  30-01-2023 09:23 via express.co.uk
  
  The state pension triple lock is set to deliver a "bumper boost" - but not everyone will benefit.
  
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• Over half a million more workers aged 50 and over are on long-term sick

  29-01-2023 23:00 via express.co.uk
  
  Business needs help to get older long-term sick people back to work, say groups dealing with a surge in "economic inactivity" due to illness.
  
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• Barclays customer ‘completely shocked’ after scam leaves savings account drained by £22,50

  29-01-2023 15:53 via express.co.uk
  
  A Barclays customer had his life savings drained after thieves targeted him in a cruel scam.
  
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• Retired early and wondering what to do? How about fighting for the rest of us? | Emma Beddington

  29-01-2023 15:00 via theguardian.com
  
  I don’t begrudge the comfortably off ‘silver quitters’ their good luck. But those of us who still have to work need their help on the barricades‘Where have all the workers gone?” asked a House of Lords report last month. The title evokes an image of peers looking around crossly for the 565,000 missing economically active people in much the same way I do for my nail clippers, but actually, the report is perfectly sensible and interesting. It covers Brexit and ill-hea
  
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• Dragons' Den investor shares 'most successful' business from show - turnover worth £33m

  29-01-2023 12:52 via express.co.uk
  
  Craft Gin and Bubble Club has been labelled one of "the best inventions," to come from the Dragons' Den
  
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• Green Nc’nean’s adventures in whisky blaze a new trail for drinkers

  29-01-2023 12:01 via express.co.uk
  
  Slàinte Mhath and cheers to Nc'nean, the female-led distillery on Scotland's spectacular west coast whose premium organic Scotch whiskies and sustainable ways are blazing new trails for the industry.
  
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• State pension calculator: Find out when you can take it and the amount you get

  29-01-2023 11:21 via express.co.uk
  
  Millions of people may have to work longer under plans to increase the state pension age.
  
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• ‘Nail in his coffin’: Hiking state pension age to 'destroy Sunak’ as millions revolt

  29-01-2023 08:00 via express.co.uk
  
  Prime Minister Rishi Sunak has been warned that accelerating state pension hikes could lose him the next election.
  
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• ‘Everything is fake’: how global crime gangs are using UK shell companies in multi-million pound crypto scams

  29-01-2023 08:00 via theguardian.com
  
  Investigation reveals more than 150 fake firms, many with ties to China, are targeting people online, breaking their hearts – and emptying their bank accounts.A woman meets a man online. They flirt. Then, after a few weeks, they begin imagining a future together. Fast forward a few months and one of them has had their heart broken and been defrauded of their life savings.It sounds like a classic romance scam, but it isn’t. This is “pig butchering”: a brutal, elaborate and
  
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• Pension warning: Britons warned of 'common mistake' that could cause HMRC tax penalty

  29-01-2023 07:50 via express.co.uk
  
  With the tax year deadline looming, pension savers are warned they may miss out on vital tax relief by not filling out the form.
  
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• PIP is rising - how much will DWP payment be from April 2023?

  29-01-2023 07:00 via express.co.uk
  
  Benefit payments are set to rise in the coming months, including for those on PIP.
  
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• ‘It’s just outrageous’: Flybe passengers on the frustration of cancelled flights

  28-01-2023 19:07 via theguardian.com
  
  Some people due to fly with regional airline had booked tickets just hours before firm collapsed“I got an email asking me to check in, and 10 minutes later they had gone into administration.”Andrew Gibbins was one of hundreds of passengers across the UK who have expressed frustration at regional airline Flybe, which abruptly announced its collapse on Saturday morning, telling any passengers expecting to travel with it not to go to the airport. Continue reading...
  
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• Is it such bad news that more students are having to take on termtime jobs? | Torsten Bell

  28-01-2023 19:00 via theguardian.com
  
  The cost of living crisis means more young people are earning while they learn. But that could be good for more than their bank balancesDespite the stereotypes of university students living in ivory towers, they’re affected by the cost of living crisis like everyone else. New polling from the Sutton Trust last week showed that 63% of students are spending less on food and other essentials, while a full third of working-class students have skipped meals.Getting help from parents was high up
  
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• Hunt became chancellor after a Tory tax calamity. History suggests he’s doomed

  28-01-2023 18:00 via theguardian.com
  
  Like Roy Jenkins and Kenneth Clarke before him, he can do little but tackle a crisis bequeathed to him by Conservative follyJeremy Hunt has set a course for the Conservatives that will surely send the party to defeat at the nextelection. The chancellor, emulating two of his predecessors, can do little and achieve even less over the next 18 months other than his twin objectives – to oversee a fall in inflation and restore trust in the UK’s public finances.The sense of “declinism
  
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• Discount store items transformed into quirky sculptures – in pictures

  28-01-2023 18:00 via theguardian.com
  
  After moving from his home town of Mumbai to study in Germany, photographer Vivek Manek became fascinated with EuroShops, where everything is cut-price. “I first visited one to get some cutlery so I could eat meals in my student hostel in Bremen. Since then I’ve gone time and again to marvel at the ridiculousness of the stuff stocked there – or to buy a cheap version of an everyday product.” He also visits EuroShops to source materials for his art series 100Rs (100 Indian
  
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• Why has Alphabet hit the panic button? Only Google can answer that question | John Naughton

  28-01-2023 17:00 via theguardian.com
  
  The economic downturn, US lawsuits and the fear of rising tech rivals could be reasons for the firm’s “code red” alert, but it still has an AI ace up its sleeveIn a strange way, the best thing that could have happened to Google (now masquerading as Alphabet, its parent company) was Facebook. Why? Because although Google invented surveillance capitalism, arguably the most toxic business model since the opium trade, it was Facebook that got into the most trouble for its abuses of
  
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• Four problems that Britain’s crisis-hit railway must solve to survive

  28-01-2023 17:00 via theguardian.com
  
  Staff relations are at rock bottom, investment is shrinking and franchising has failed. But even so, passengers are trickling back. Can the network be revived?What do Britain’s railways need to do to get back on track? In a brief interval between strikes, the RMT’s Mick Lynch was asked by MPs whether industrial action was damaging rail. The union leader answered: “What about the days when we’re not on strike, when it’s absolutely useless as well?”Industry boss
  
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• Architectural vision for London station is little more than smoke and mirrors | Rowan Moore

  28-01-2023 17:00 via theguardian.com
  
  Dazzling computer-generated images of a newly revamped Liverpool Street do little to establish its merits or flawsProperty companies have always liked to put the best possible gloss on their proposals – views taken from angles that minimise their bulk, atmospheric effects in their images that make many tonnes of construction materials melt into the air. A virtuoso example was recently presented at Liverpool Street station by Sellar Property Group, which brought us the Shard, in a brief &ld
  
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• Sunak was warned of Zahawi reputational risk in October, say sources

  28-01-2023 16:43 via theguardian.com
  
  PM allegedly given advice about inquiry into minister’s taxes when he appointed him Tory party chairRishi Sunak was told there could be a reputational risk to the government from Nadhim Zahawi’s tax affairs when he appointed him as Conservative party chair in October, sources have told the Observer.During the period when the prime minister was drawing up his new cabinet, senior government officials gave him informal advice about the risks from an HMRC investigation that had been sett
  
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• Toy trends for 2023: from Lego flower power to Traitors the board game

  28-01-2023 12:00 via theguardian.com
  
  Show in London gives glimpse of what children – and growing numbers of ‘kidults’ – will be playing with this yearWith its character parades featuring Paddington Bear, Paw Patrol and Pikachu, the annual UK toy industry beano has a carnival atmosphere but is actually a serious business as retail buyers select the sets, dolls and games we will play with in 2023. Toy sales slumped by more than £100m last year, according to figures released to coincide with this week&rsq
  
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• Social housing: don’t assume you’re not eligible for a council property

  28-01-2023 12:00 via theguardian.com
  
  Look into local authority or housing association options because you may be surprisedLow-cost housing: how can you escape the rent rat race?While there is a chronic shortage of social housing in the UK, with councils operating long waiting lists, it may be worth investigating whether you are eligible.The rules vary across the country, so research your local authority’s rules to find out if you can apply. Continue reading...
  
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• Liquor stores are so 2019. Welcome to the age of the non-alcoholic bottle shop

  28-01-2023 12:00 via theguardian.com
  
  Los Angeles is leading a national boom in catering to the ‘sober curious’. Lois Beckett gets an inside look at the scene – plus cocktail recipesBrianda Gonzalez grew up in Avalon, a resort town on the island off the coast of Los Angeles that had 16 bars in a square mile. Her upbringing taught her about the ritual and conviviality of drinking culture, but also some of the drawbacks.Last summer, Gonzalez, 28, opened a different kind of bar, on a trendy block in Venice, California
  
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• Can board games teach us about the climate crisis? Game creators say yes

  28-01-2023 12:00 via theguardian.com
  
  Board games might be the best learning device to think creatively about impending climate disasterEurope is planting trees to offset its emissions but is swiftly hit with massive wildfires. The United States is investing in mining operations abroad to wean off its dependence on fossil fuels but harbors concerns about trading with an abusive government. Meanwhile, a coalition of countries from the global south must decide whether to accept construction loans from China or the United States.These
  
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• Why UK house prices could plunge by 20% after the latest interest rate hike

  28-01-2023 09:00 via theguardian.com
  
  Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is expected to announce the latest blow to a rapidly weakening property market.Crunch time has arrived for a sector that for years has appeared to defy gravity. Threadneedle Street’s monetary policy committee (MPC) is poised to raise offi
  
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• Gulf royals own more than £1bn of UK property via tax havens

  28-01-2023 08:30 via theguardian.com
  
  New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estatesThe royal families of Gulf states including Saudi Arabia, the United Arab Emirates and Qatar own more than £1bn of UK property via offshore jurisdictions, such as Jersey and the British Virgin Islands, the Guardian can reveal.Nearly 200 properties, including hotels, London mansions and country estates, belong to a few small but super-rich dynasties, accor
  
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• Low-cost housing: how can you escape the rent rat race?

  28-01-2023 08:00 via theguardian.com
  
  Some people are paying only £150-£300 a month to rent. We explore options that could help you cut housing costs• Social housing: don’t assume you’re not eligible for a council propertyThe cost of renting a home has soared, prompting tenants to seek out cheaper options that could save some thousands of pounds a year during the cost of living crisis.Some who have turned to alternatives such as housing cooperatives and homeshares are paying only a fraction of what they
  
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• State pension age increase 'outrageous' as rise could cost each Briton £1,000 — YOUR SAY

  28-01-2023 02:00 via express.co.uk
  
  A new poll of Express.co.uk readers has found widespread opposition to the state pension age rising sooner than planned.
  
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• Pensioners could be eligible for £5,000 payment a year: ‘Millions are missing out!’

  28-01-2023 01:16 via express.co.uk
  
  Experts are warning that "millions are missing out" on a payment boost of £5,000 a year.
  
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