Financial news

• UK woman explains she makes £1,000 to £1,500 with her side hustle

  15-05-2022 06:01 via express.co.uk
  
  A MONEY saving expert has detailed to Britons how she makes £1,000 to £1,5000 a money with her side hustle. Many are asking how to make money in these times - and a side hustle can be very helpful.
  
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• Regular pay lagging behind inflation as UK unemployment falls to lowest since 1974 – business live

  17-05-2022 11:55 via theguardian.com
  
  Rolling coverage of the latest economic and financial newsIntro: Real regular pay fell 1.2%, unemployment down to 3.7%Total pay jumped 7%, but basic pay only up 4.2%- behind inflationWage squeeze is going to get worseMore people economically inactive, employment below pre-Covid levelMore vacancies than people classed as unemployedM&S chair: Food inflation could hit 10%Jonathan Boys, labour market economist for the CIPD, the professional body for HR and people development, is struck by the wi
  
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• Elon Musk: Twitter deal cannot progress without proof on bot numbers

  17-05-2022 11:55 via theguardian.com
  
  Tesla CEO and world’s richest person expressed concerns about presence of fake accounts on platformElon Musk has cast further doubt over his $44bn (£35bn) takeover of Twitter after stating the deal “cannot move forward” until the social media company proves that fewer than 5% of its users are fake or spam accounts.The Tesla chief executive used his Twitter account to say that the agreed deal will not progress until the firm shows proof that only a small proportion of its
  
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• Concerns for businesses despite expected rise in Melbourne CBD’s population

  17-05-2022 11:26 via theguardian.com
  
  City of Melbourne’s draft 2022-23 budget papers predicts 8,230 CBD businesses next year, down 10% on last year’s forecastGet our free news app; get our morning email briefingFollow our Australia news live blog for the latest updatesMelbourne’s CBD population – and the number of parking tickets – is set to boom under projections by the city’s council, but the peak property industry group has warned that more needs to be done to get people back into offices.The
  
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• Inflation could force schools to cut meal portions or quality, says food firm boss

  17-05-2022 10:12 via theguardian.com
  
  Schools face tough decisions unless government increases funding for free school meals, says Bidfood chiefSoaring food inflation could force schools to choose between offering smaller portions at lunchtime and using cheaper ingredients, according to the boss of one of the UK’s largest food wholesalers.Andrew Selley, the chief executive of Bidfood, a food distribution business with an annual turnover of nearly £2bn, said schools would be facing tough decisions unless the government in
  
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• Shut down fossil fuel production sites early to avoid climate chaos, says study

  17-05-2022 08:00 via theguardian.com
  
  Exclusive: Nearly half existing facilities will need to close prematurely to limit heating to 1.5C, scientists sayNearly half of existing fossil fuel production sites need to be shut down early if global heating is to be limited to 1.5C, the internationally agreed goal for avoiding climate catastrophe, according to a new scientific study.The assessment goes beyond the call by the International Energy Agency in 2021 to stop all new fossil fuel development to avoid the worst impacts of global heat
  
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• ‘It’s a bribe’: the coastal areas that could become the UK’s nuclear dump

  17-05-2022 08:00 via theguardian.com
  
  Promises of jobs and investment are doing little to convince a remote Lincolnshire community to agree to hosting the country’s nuclear wasteOn the unspoilt Lincolnshire coast, where dog walkers enjoy the five miles of golden sandy beach and families take holidays in the caravan parks beyond the dunes, the efforts of British politicians to persuade the public nuclear energy is green, safe and clean do not seem to be gaining traction.A skull glowers down from the sand dunes on to Mablethorpe
  
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• Hot spots: how thermal imaging can help find where your home is leaking cash

  17-05-2022 08:00 via theguardian.com
  
  Some camera loan schemes in Britain cost nothing, while other projects offer free or paid-for surveysTo really get to grips with where your home is needlessly costing you energy a thermal imaging camera is a great tool: it shows up exactly where the hotspots for heat loss are, in multicolour.In some parts of Britain it is possible to borrow one for free so you can find where to target your energy-saving efforts without any upfront cost. Continue reading...
  
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• Direct Line mix-up led to £300 fine and six points on licence

  17-05-2022 08:00 via theguardian.com
  
  A reader was stopped by police after the insurer sent a new policy number but did not renew coverAt the start of April we were pulled over by the police and told that we were driving without insurance. I didn’t panic at first as I knew we had received the new policy information from Direct Line and I thought it was a big misunderstanding. We paid £90 on the spot for the temporary car insurance we needed to be able to legally drive away in our vehicle.However, it turned out that Direc
  
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• Hot desking, tea rounds and surviving meetings irl: the new rules of the office

  17-05-2022 07:00 via theguardian.com
  
  Many of us have forgotten how it feels to be sharing a space with colleagues – and hybrid working has only added to the problems. Here’s how to navigate your post-pandemic workplaceAfter two years of lockdowns, offices are almost unrecognisable. In many of them, staff are returning under a hybrid model, working from home a few days a week and coming in for the others. Some organisations slashed their floor space during the pandemic, making what is left feel distinctly cramped, while
  
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• Is the world keeping Cop26’s climate promises?

  17-05-2022 06:00 via theguardian.com
  
  Last November in Glasgow, countries agreed to limit the global temperature rise to 1.5C above pre-industrial averages. Six months on, the world has changed, with the war in Ukraine, high energy prices and the cost of living crisis threatening to derail us from achieving our climate goals. Ian Sample speaks to the Guardian’s environment correspondent, Fiona Harvey, about what promises are still on the table and what else needs to be done to address the climate emergency as we approach the n
  
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• Lloyds Bank launches new current account switch bonus - how to get your hands on £125

  17-05-2022 01:01 via express.co.uk
  
  LLOYDS BANK has officially launched their new offer today, giving Britons £125 for switching to their current account.
  
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• ‘Eating is a luxury!’ Mum-of-two on Universal Credit ‘can’t live’ as bills soar

  17-05-2022 01:01 via express.co.uk
  
  A MUM-of-two has shared her anguish as she is fearful of her finances and turning to food banks to get by.
  
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• Baby formula maker Abbott to restart production amid US shortage

  17-05-2022 00:50 via theguardian.com
  
  Michigan plant had been under investigation for safety concerns and it will take over a month to begin shipping productThe baby formula maker Abbott has reached an agreement with US health regulators to restart production at its largest domestic factory amid a nationwide formula shortage that has left shelves bare and parents scrambling.Monday’s agreement with the Food and Drug Administration (FDA) amounts to a legally binding agreement between regulators and the company on steps needed to
  
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• Labour to try to force Commons vote on North Sea windfall tax

  16-05-2022 23:30 via theguardian.com
  
  Party to put ministers on spot over cost of living amid signs of support for policy on Tory benchesLabour aims to put ministers on the spot over the cost of living by forcing a Commons vote on a windfall tax for North Sea energy profits, amid some signs of increasing support for the policy on Conservative benches.Before the vote, to be instigated by an amendment to the Queen’s speech on Tuesday, Labour released calculations that forecast North Sea oil and gas profits for 2022/23 would be g
  
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• How much could energy bills rise to in October? Next price cap will push prices higher

  16-05-2022 21:14 via express.co.uk
  
  ENERGY bills are the highest they have ever been in the UK, and are certain to rise even further later this year. How much could energy bills rise to in October?
  
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• Fiddling with the energy price cap is the tip of the iceberg. More needs to be done | Nils Pratley

  16-05-2022 19:54 via theguardian.com
  
  Ofgem’s more important ideas include ringfencing customers’ deposits – it’s time the regulator got a move onGreat news, eh? The energy price cap will rise again in October and then there will be only another three months, rather than six, to wait until the next increase in bills. If that does not seem like an unalloyed benefit, Jonathan Brearley, the chief executive of Ofgem, would like you to remember that energy costs can fall as well as rise. The proposed shortening of
  
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• Fiddling with the energy price cap is the tip of the iceberg. More needs to be done

  16-05-2022 19:54
  
  Ofgem’s more important ideas include ringfencing customers’ deposits – it’s time the regulator got a move onGreat news, eh? The energy price cap will rise again in October and then there will be only another three months, rather than six, to wait until the next increase in bills. If that does not seem like an unalloyed benefit, Jonathan Brearley, the chief executive of Ofgem, would like you to remember that energy costs can fall as well as rise. The proposed shortening of
  
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• Q&A: the collapse of terra and what it could mean beyond crypto

  16-05-2022 19:09 via theguardian.com
  
  After the crash of the ‘stablecoin’ sparked panic, could the fall of the wider crypto market lead to a more permanent economic crunch?$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisisThe collapse of a multibillion-dollar cryptocurrency called terra has sparked a wave of “fear, uncertainty and doubt” across the sector, leading some, like Coinbase’s chief executive, Brian Armstrong, to suggest the industry is heading for another “cr
  
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• Tesco to pay out more to pig farmers as industry warns of ‘critical’ situation

  16-05-2022 18:42 via theguardian.com
  
  Extra £6.6m in support takes total to £10m, after criticism supermarket was not paying ‘fair price’ for porkTesco is to hand pig farmers £6.6m in additional support, taking the total to £10m, after warnings that a slew of producers could go out of business.The UK’s biggest supermarket said farmers would get £6.6m until August on top of £3.4m handed out since March under an “accelerated and enhanced payment plan”, after being criti
  
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• ‘Apocalyptic’ food prices will be disastrous for world’s poor, says Bank governor

  16-05-2022 18:16 via theguardian.com
  
  Bank of England’s Andrew Bailey blames UK’s highest inflation rate for three decades on Russia-Ukraine war and CovidRussia-Ukraine war: latest updatesThe Bank of England governor has blamed the war in Ukraine for the highest inflation in the UK for three decades and warned that “apocalyptic” food prices caused by Russia’s invasion could have a disastrous impact on the world’s poor.Defending Threadneedle Street before an announcement on Wednesday of the sharpes
  
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• State pension alert as some may get ‘higher’ sum than £181.15 per week - check now

  16-05-2022 17:53 via express.co.uk
  
  STATE PENSIONERS could get a "higher" sum than the full new state pension, it is important to note.
  
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• Premium Bonds: Why the NS&I savings option 'may not be right for you'

  16-05-2022 17:38 via express.co.uk
  
  THE BANK of England has increased the base rate to unprecedented levels, but would savers be better off with Premium Bonds or traditional savings?
  
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• Boris Johnson created this Brexit mess in Northern Ireland – and he should own it | Simon Jenkins

  16-05-2022 17:27 via theguardian.com
  
  The prime minister lacks the authority to fix the problems his protocol has caused. Meanwhile, Northern Ireland suffersTwo of Boris Johnson’s most reckless chickens are coming home to roost. To get hard Brexit into law and topple his predecessor, Theresa May, he told Northern Ireland’s Democratic Unionist party that he would allow no border in the Irish Sea. He promptly allowed one, and signed a protocol to the Brexit deal to that effect. An enraged DUP is duly refusing to let the ne
  
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• $7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

  16-05-2022 17:01 via theguardian.com
  
  Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunchDigital investors have withdrawn savings in the “stablecoin” tether worth $7.6bn (£6.2bn) since the cryptocurrency crisis began last week, suggesting the company has paid out a sum almost twice its total cash holdings to spooked depositors.Stablecoins are supposed to have a fixed value matched to a real-world asset, in most cases $1 a token. However, faith in the concept was rock
  
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• Santander is offering a 2.5 percent interest rate and you only need £1 to start saving

  16-05-2022 16:07 via express.co.uk
  
  SANTANDER is offering all customers a generous interest rate of 2.5 percent on their savings and people only need £1 to open a savings account.
  
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• Pensioner 'flabbergasted' after £20,000 removed from her pension pot - Hunniford 'shocked'

  16-05-2022 14:51 via express.co.uk
  
  A PENSIONER has told BBC's Rip Off Britain how she was left ‘flabbergasted' when her pension company removed £20,000 from her pension pot.
  
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• Average UK price of diesel hits record of more than £1.80 a litre

  16-05-2022 13:49
  
  Further rise likely if EU ban on Russian oil goes ahead, and petrol up 3p since start of month at 166.65p The average price of a litre of diesel has hit a high of just over £1.80 a litre – and could rise even further if the EU ban on Russian oil goes ahead.The RAC reported that the price a litre in the UK has outstripped the previous record of £1.79, set in March after Moscow’s invasion of Ukraine. Continue reading...
  
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• 'I'm afraid I won't have enough' - Dave Ramsey explains how woman can get by in retirement

  16-05-2022 12:52 via express.co.uk
  
  DAVE RAMSEY suggested how a 47-year-old woman who was afraid she wouldn't have enough to retire, can ensure she has enough in her pension pot to last through her life.
  
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• 'Complete joke!' Father left shocked after getting £15k British Gas bill through post

  16-05-2022 12:12 via express.co.uk
  
  A MAN was hit with an eye-watering energy bill that saw him charged over £15,000 in error.
  
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