Financial news

• TikTok is full of advice on how to retire early. The truth is you just need rich parents | Torsten Bell

  05-10-2024 19:00 via theguardian.com
  
  Future finances will be shaped by inheritance, but millennials shouldn’t hold their breath, they’ll have to wait until they’re 61“Here’s how to retire early,” promise TikTok’s financial influencers. But the life hacks offered never cover the most important advice: pick the right parents. Because looking ahead, inheritances will decide who does, and doesn’t, get a decent gap between the carriage clock and grim reaper.Household wealth has surged in B
  
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• Martin Lewis urges Brits to ‘stock up’ on common £1.35p item ahead of price hike next week

  05-10-2024 17:57 via express.co.uk
  
  The price of a common item will jump significantly next week, and the cost-cutting guru has reminded consumers to use the opportunity to make an easy saving.
  
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• Four years after buying an electric car, why I am still forced to play hunt-the-charger? | Ros Coward

  05-10-2024 17:30 via theguardian.com
  
  I assumed it would get easier to run an EV, but without a decent infrastructure it’s getting harder and harderMy partner and I were relatively early adopters of an electric vehicle, buying a Renault Zoe in autumn 2020 during the pandemic. It seemed to make sense to get aboard. After all, the future was electric, wasn’t it?After the first year, I wrote an article in this paper about what the experience was like. It was something of a saga. We discovered the charging infrastructure was
  
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• UK bill giving millions workers’ rights from day one to be tabled next week – report

  05-10-2024 16:51 via theguardian.com
  
  Unions have welcomed plans to grant sick and maternity pay and protection against unfair dismissal from first day in a jobWorkers’ representatives have welcomed UK government plans to give greater rights to millions, amid reports ministers are about to bring forward a bill to grant sick pay, ­maternity pay and protection against unfair ­dismissal from an employee’s first day in the job.Ministers have set themselves an ambitious timetable to introduce a law to deliver a &ldquo
  
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• Tax panic as huge number of pensioners pull out money ahead of Rachel Reeves' Budget

  05-10-2024 16:38 via express.co.uk
  
  Some of Britain's largest wealth managers issued an urgent warning to the government as the Autumn Budget date quickly approaches.
  
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• Increase wealth taxes to stop rise of Reform UK, says ex-Labour minister

  05-10-2024 16:33 via theguardian.com
  
  Liam Byrne has warned the chancellor that extra levies on the rich are needed to halt the rise of the populist rightA failure by Rachel Reeves to back a “windfall of wealth taxes” in her budget risks fuelling the rise of the populist right, a former Labour ­cabinet minister has warned.Liam Byrne, a senior figure in the New Labour government and chair of the Commons business and trade committee, said that the rise of Reform UK at the last election meant the chancellor and Keir Sta
  
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• HMRC and DWP set to issue £5,000 State Pension back payments to huge number of women

  05-10-2024 15:37 via express.co.uk
  
  The Treasury began issuing these letters over a year ago and is working with the Department for Work and Pensions
  
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• Bristol parking wars: Greens gear up for fight with drivers over pavement ban on cars

  05-10-2024 14:00 via theguardian.com
  
  The party has plans to prevent cars from hogging the city’s walkways, but expect a backlash from motoristsIsmail Mohammad pushes a buggy down the centre of a narrow road in east Bristol. His two sons stay close as vehicles could come from either direction at any moment. “There are cars [parked] on the pavement. We have to go on the road,” says Mohammad as he hurries to the boys’ primary school in Easton. “It’s dangerous because cars sometimes come fast through
  
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• Imminent HMRC state pension change forces thousands to retire later

  05-10-2024 13:59 via express.co.uk
  
  Some people are working later in life due to changes in state pension age rules, new research has suggested
  
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• State pension warning as 'tough decisions' could hit your savings

  05-10-2024 13:41 via express.co.uk
  
  The Government may change other pensions policies to protect the increasingly costly state pension
  
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• Never-ending odyssey: the rise of perpetual cruises that offer the very wealthy a new home at sea

  05-10-2024 13:12 via theguardian.com
  
  After numerous delays, the Odyssey finally sets sail from Belfast for three-and- a-half years – but what drives people to spend a fortune living full-time on luxury liners?On 13 March 2020 a cruise ship called the Braemar was denied entry to the Bahamas after a number of its passengers tested positive for Covid. Forced to travel around the Caribbean, it was finally accepted by Cuba, from where those on board were evacuated to the UK.The Braemar was just one of a number of cruise ships in w
  
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• State pension warning issued as retirement age could soar amid risk of major impact

  05-10-2024 12:02 via express.co.uk
  
  The state pension age is currently 66 but is timetabled to rise to 68.
  
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• Royal Bank of Scotland and NatWest apps down as thousands 'locked out' of accounts

  05-10-2024 11:06 via express.co.uk
  
  Thousands of people have been locked out of their online banking apps with Royal Bank of Scotland and NatWest this morning.
  
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• The solo penalty, from rent to holidays: ‘Being single is costing me £12,000 extra a year’

  05-10-2024 11:00 via theguardian.com
  
  From hotels to housing, insurance to TV subscriptions, people who live and travel alone face a hefty penaltyCase studies: ‘It’s much cheaper for couples’In popular culture, narratives about being single generally flip between the joys of unparalleled freedom or lean into cliches that depict those flying solo as lonely or desperate for love.Stereotypes of the “crazy cat lady” or the socially awkward man who lives with his parents abound. But something often forgotten
  
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• ‘It is a lot cheaper for couples’: single people feel penalised on prices

  05-10-2024 11:00 via theguardian.com
  
  Frustration over lack of discounts for those with extra financial burden because they face living costs aloneThe solo penalty: ‘Being single is costing me £12,000 extra a year’A few days ago, the Guardian published a reader callout asking how much it costs to be single in the UK. We wanted to know how much single people pay for various things – from housing costs and bills to holidays and entertainment – and if they feel they are being penalised or are losing out fi
  
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• State pension backdated payments worth £5,000 due for women in 60s and 70s

  05-10-2024 10:00 via express.co.uk
  
  Hundreds of thousands of people - mostly women - are due a share of underpayments totalling £1.5billion, equivalent to around £5,000 each.
  
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• Euston, you have a problem: train travel to football and the basic futility of hope | Barney Ronay

  05-10-2024 09:48 via theguardian.com
  
  A journey to a game can lead you into the dark underbelly of rail travel, especially from London’s most unloved stationIt would be wrong to take too much credit, to start throwing around phrases such as guerrilla intervention or self-styled people’s transport tsar, after reports began to appear this week of dramatic government concessions on the multibillion-pound redevelopment of Euston station.Other people might want to use words like disrupter, influencer, even hero. Obv
  
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• Martin Lewis urges every Brit to do one thing to save £200 on energy bills

  05-10-2024 09:39 via express.co.uk
  
  The personal finance guru says Britons could make major savings by comparing prices and making a change now.
  
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