Inflation blow: Many people have only a small private retirement pot, and limited options to save more Inflation has pushed a comfortable retirement further out of reach for many savers, who now need to build a pot of nearly £600,000 to achieve financial freedom, new research reveals. The rising cost of living requires an extra … Read more
Despite house prices falling over the past year, higher mortgage rates will be pricing many buyers out of the types of homes and areas they want to live in. One in four movers went to a more affordable area this year, according to the estate agent Hamptons International, up from one in five in 2022. … Read more
Here I am, living the dream, sitting in the back of a taxi heading along Missouri Avenue in Phoenix, Arizona. It is another hot morning out here in the desert, with the temperature already nudging 100 degrees, even though it is not yet 10am. As we take a left and cruise through the city, I’d … Read more
Four in five people due £400 ‘indirect’ energy bill help never got Government money Fund was for those without control of mains, such as elderly in care homes The deadline for claiming the money passed at the end of May 2023 Now the charity wants Government to do more to redistribute £300million By Sam Barker … Read more
Over 250,000 women affected by state pension age changes have died while waiting for compensation ‘Waspi’ women say DWP failed to communicate raising state pension age to 66 Four million women born in the 1950s were affected by the change Many were close to retiring when they realised they wouldn’t get pension at 60 By … Read more
Relief for households as energy price cap drop should take average bills below £2,000 Gas and electricity costs for average homes could drop to £1,925 from October By John-Paul Ford Rojas and Harriet Line Published: 00:26 BST, 19 August 2023 | Updated: 09:56 BST, 19 August 2023 Millions of households are set for relief from … Read more
Britain is getting a proper pay rise as wages rise faster than inflation. You need to blur the figures a bit to make this claim, as this week’s average wages and inflation data cover slightly different periods, but the crucial thing is the former number was higher than the latter. The ONS revealed that between … Read more
The number of student bank accounts offering a £100 cash incentive upon opening has shot from just two last year to seven today – a rise of 250 per cent. Lloyds Bank, Bank of Scotland, Halifax, HSBC, Nationwide Building Society, NatWest and Royal Bank of Scotland are all offering youngsters heading to university a £100 … Read more
While households struggle with historically high inflation and eye-watering borrowing costs, Britain’s banking industry is enjoying bumper profit growth. HSBC last week posted half-year earnings growth of more than 144 per cent to $16.9billion, following rivals Lloyds, Standard Chartered and NatWest Group, which all revealed double-digit earnings expansion. The results triggered a torrent of criticism … Read more
Scammers took £3,500 from my business Monzo account Theatre producer Hannah Crawford had £3,500 taken from company account It left her unable to pay staff ahead of the Edinburgh Fringe, her biggest event She waited five weeks for a response from Monzo’s fraud team By Angharad Carrick Published: 06:00 BST, 12 August 2023 | Updated: … Read more