Category: Finance
HSBC announces robust first half with £16.8 billion pre-tax profits
The banking giant said it was confident it had the right strategy to grow revenue, even in a lower interest rate environment, and provided new guidance of a mid-teens return on average tangible equity in 2025. …
Warning Winter Fuel Payment cut is a ‘death sentence for pensioners’
The warning has been sounded by leading charities who say it will cause real hardship and threaten health of vulnerable people who cannot afford to keep warm. …
Consumer duty applies to older ‘off-sale’ financial products from Wednesday
The next phase of a duty which puts obligations on financial firms to improve consumer protection standards gets under way from Wednesday. …
Date for settling finance scandal affecting millions of car buyers pushed back
Millions of people were allegedly hit with unfair charges associated with commission imposed on finance deals around vehicle purchases. …
Premium Bonds: NS&I savings cash warning over interest rates for holders
NS&I overshot its target for net financing to the Government in 2023/24 after savers did not withdraw their cash as quickly as anticipated. …
After winter fuel shocker – here’s where Labour’s Rachel Reeves will tax YOU next
Chancellor Rachel Reeves has got the bit between her teeth and she isn’t going to stop at scrapping the winter fuel payment. Her tax reign of terror has barely started. …
Winter Fuel Payments map reveals 10 UK towns worst hit – check your area
Chancellor Rachel Reeves has scrapped the Winter Fuel Allowance for 10,000,000 pensioners. …
Inside typical first-time buyer home in 2020s compared to 1970s as prices spiral
The average first-time buyer home has changed a lot over the decades – buyers are now expected to pay six times the average salary to get on the property ladder …
UK shopping trips decline by 12% compared to last year, Virgin Media O2 Business reports
The marked decrease in shopping trips could be due to only 15 percent of shoppers being willing to venture out to spend in bad weather, according to the latest Movers Index from Virgin Media O2 Business. …
“Tragedy” as Labour axe cap on social care costs in £1 billion blow to elderly
Rachel Reeves announced the cancellation of cap on Monday, alongside a swathe of other spending cuts, in a bid to save £1.1 billion. …
