Breaking Financial NewsThe latest news from a range of sources to keep you informed of the latest financial developments
- NatWest lets customers set own limit for online transfersby Hilary Osborne on 13 May 2021 at 4:53 pm
Default limit will be cut to £5,000 a day in attempt to stop pandemic-fuelled rise in payment scamsNatWest customers will be able to set their own limit on how much can be transferred from their […]
- Covid: What refund rights are there for holidays abroad?on 13 May 2021 at 3:33 pm
Quarantine-free overseas holidays will be possible after 17 May, but what rights do you have if plans or rules change?
- Universal credit fraud and error at new highon 13 May 2021 at 9:59 am
Figures from the Department for Work and Pensions show £8.4bn was lost in 2020-21.
- Travel firms warned over summer holiday refundson 13 May 2021 at 9:52 am
Companies will be breaking the law if they delay or refuse refunds, warns the competition watchdog.
- UK holiday company stops taking summer bookings over ‘green list’ uncertaintyby Jasper Jolly and Hilary Osborne on 13 May 2021 at 8:45 am
On The Beach says Covid system does not give enough confidence beyond a three-week windowOne of the UK’s largest online travel agents has stopped selling summer holidays, saying there is too much […]
- We got into a debt nightmare after switch to Together Energyby Anna Tims on 13 May 2021 at 6:00 am
It hit us with a huge demand and we daren’t turn on the heatingTogether Energy supplied our rented flat when we moved in, and we were told that if we transferred the existing account into our names […]
- Buyer demand outstrips homes on marketon 12 May 2021 at 11:17 pm
A slowdown in homes being put on the market in April is leading to higher prices, surveyors say.
- Renter eviction ban to finish at end of Mayon 12 May 2021 at 8:37 pm
A ban on property evictions will end on 31 May, the government has confirmed.
- Only by taxing the rich can Johnson become more than a plutocratic populist | Timothy Garton Ashby Timothy Garton Ash on 12 May 2021 at 1:00 pm
‘Britain Trump’ is riding high, thanks in part to a divided opposition. But unless his deeds match his words, it may not lastWhat is the difference between former US president Donald Trump and […]
- Tui switches to bigger planes as bookings to Portugal ‘skyrocket’by Gwyn Topham and Joanna Partridge on 12 May 2021 at 10:23 am
Move to Dreamliners from 737s comes after firm’s bookings rise 182% since country placed on UK green list Coronavirus – latest updatesSee all our coronavirus coverageEurope’s largest travel […]
- Renters seize on lower costs to live in UK citieson 12 May 2021 at 9:45 am
The cost of renting in some UK cities - particularly London - has fallen prompting a rise in demand.
- Trading up: one woman’s quest to swap a hairpin for a houseby Neelam Tailor on 12 May 2021 at 8:00 am
Demi Skipper would like a new house, but she’s not buying one. Instead she’s planning a daring strategy of trades – and millions are following her journeyWhile many of us were still finding […]
- ‘Buy now, pay later services’ are helping to create a new generation of debtors | Kitty Drakeby Kitty Drake on 12 May 2021 at 7:00 am
Easy payment schemes such as Klarna make accruing debt from online shopping seem like a form of self-care I opened a PayPal credit account in January which I use to buy things secretly on the […]
- Someone has hijacked my Amazon account but I can’t get into itby Anna Tims on 12 May 2021 at 6:00 am
It seems rogue sellers have used it to generate fake reviews I received a parcel from Amazon, a website I haven’t used for years. Several emails confirmed an order of three items, announced […]
- 'I was due an £82-a-week state pension but got nothing'on 11 May 2021 at 11:17 pm
A 73-year old will now receive £20,000 in pension arrears as a report suggests many thousands more miss out.
- Pet and shopping scams surge during pandemicon 11 May 2021 at 11:16 pm
The BBC highlights ways to avoid fraud following a 44% rise in online shopping fraud during Covid.
- No sofa, bed, table - people who have to live without furnitureon 11 May 2021 at 11:00 pm
In the UK more than two million people experience furniture poverty yet it’s rarely spoken about.
- Amigo Loans rescue in doubt after FCA says it will object in courtby Phillip Inman on 11 May 2021 at 6:56 pm
Shares in high-cost lender down by almost quarter after regulator’s U-turnRescue plans put forward by the high-cost lender Amigo Loans were thrown into doubt on Tuesday after a U-turn by the main […]
- OECD calls for higher inheritance tax after Covid pandemicby Phillip Inman on 11 May 2021 at 9:26 am
Wealth inequality will rise over the next decade unless death duties also increase, says thinktankCoronavirus – latest updatesSee all our coronavirus coverageInheritance tax should become a larger […]
- Savers deposit more than £1bn at Post Offices for second month runningby Julia Kollewe on 11 May 2021 at 8:54 am
Business deposits also rise, showing reliance on cash despite shift online in Covid crisisSavers deposited record sums at Post Office branches in April, taking the total to more than £1bn for the […]
- Apple accused of breaking UK competition law by overcharging for appsby Alex Hern UK technology editor on 11 May 2021 at 6:38 am
Almost 20 million users could be eligible for compensation, with £1.5bn damages soughtApple is facing a demand for billions of pounds of consumer compensation in a British lawsuit that accuses the […]
- Readers give their verdict on AO.com’s customer serviceby Miles Brignall on 11 May 2021 at 6:00 am
We follow up a complaint from a customer who was let down over a faulty Hotpoint fridge-freezerThanks to all of the readers who answered last week’s call for feedback on buying electrical […]
- The bells v the boutique hotel: the battle to save Britain’s oldest factoryby Hettie O'Brien on 11 May 2021 at 5:00 am
Whitechapel Bell Foundry dates back to 1570, and was the factory in which Big Ben and the Liberty Bell were made. But it shut in 2017 and a fight for its future has been raging ever sinceOn a […]
- Apple's UK users deserve app price compensation, claim sayson 11 May 2021 at 12:03 am
Legal action in the UK seeks compensation from Apple for high prices from a lack of competition.
- Car insurance: 170,000 claims linked to 'crash for cash' gangson 10 May 2021 at 11:05 pm
Villagers are advised to be vigilant about Bradford and Birmingham, where scam hotspots are located.
- England’s travel green list sends Madeira flight bookings soaringby Ben Quinn, Hilary Osborne and Sam Jones on 10 May 2021 at 1:04 pm
Portugal is only major European ‘sun and sand’ destination on list of countries for quarantine-free travel Coronavirus – latest updatesSee all our coronavirus coverageNotorious crosswinds can […]
- UK house prices increase at fastest rate in five yearsby Larry Elliott Economics editor on 10 May 2021 at 9:48 am
Extended stamp duty holiday led to fresh buying surge in April, says HalifaxCoronavirus – latest updatesSee all our coronavirus coverageHouse prices are rising at their fastest pace in five years […]
- Provident Financial withdraws from doorstep lending after 140 yearson 10 May 2021 at 9:20 am
Provident Financial announces it is withdrawing from doorstep lending after 140 years.
- 'Fear of missing out' fuels record house prices in Aprilon 10 May 2021 at 9:15 am
Average house prices have climbed almost £20,000 in the last year, hitting a record high in April.
- Should we clear an inheritance tax bill with a mortgage or in instalments?by Virginia Wallis on 10 May 2021 at 6:00 am
My brother and I have a further £131,000 to pay after parents’ house was left to usQ I wonder if you can help me. My brother and I have inherited my late parents’ house and due to the size of […]
- Covid furlough payment to help staff lost me mortgageby Miles Brignall on 10 May 2021 at 6:00 am
Santander says it will not lend to the self-employed if they received government help in the past three monthsCoronavirus – latest updatesSee all our coronavirus coverageI desperately need some […]
- UK Covid-related cybercrime fuels 15-fold rise in scam takedownsby PA Media on 10 May 2021 at 5:00 am
Vaccine rollout used as a lure via email and text to harvest people’s personal information for fraudThe UK’s cybersecurity agency has taken down more scams in the last year than in the previous […]
- Monzo bank to offer employees paid leave after pregnancy lossby Kalyeena Makortoff Banking correspondent on 10 May 2021 at 5:00 am
Either partner can take up to 10 days’ leave after miscarriage, stillbirth or abortion in UK digital bank’s policyThe online bank Monzo has become one of the first UK companies to offer paid […]
- The pandemic has affected poor people’s mental health the most | Torsten Bellby Torsten Bell on 9 May 2021 at 9:30 am
We’ve all struggled with lockdown, but those on the lowest incomes have paid the biggest priceCovid-19 is a virus-driven public health crisis. But it’s also taking a big toll on our mental […]
- Rise up, Cornwall, against London’s SUV drivers lusting for a second home | Catherine Bennettby Catherine Bennett on 9 May 2021 at 6:30 am
A pandemic-inspired bidding frenzy has spurred residents to resist the invasionAs the longer-term psychological and social impacts of Covid begin to reveal themselves, one substantial group is […]
- Loan sharks target new victims via WhatsApp and Facebookby James Tapper on 9 May 2021 at 5:45 am
Criminals have been using social media – from dating sites to local community groups – to find, threaten and control people in debtLocal WhatsApp groups have been one of the silver linings of the […]
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