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Britain’s recent commitment to switch to electric vehicles ten years earlier than planned underlines how rapidly change is on the way. In the UK alone, that will mean up to 10.6million electric vehicles by 2030, with that number potentially rising to 36million by 2040 according to National Grid. Hurdles remain, not least in how all … Read more
Metro Bank sells off a third of its mortgage book to NatWest: What’s behind the move and how does it affect customers? The challenger bank has sold a third of its residential mortgages to NatWest Around 13,000 loans will be transferred across in the next 18 months Metro Bank says ‘nothing changes at the moment’ … Read more
Three in five people have said they will support a pay-as-you-drive road pricing scheme charging motorists by the mile around towns and cities. Some 62 per cent of Britons polled said they backed road pricing as a way for the Treasury to recoup lost tax revenues when electric cars become mainstream. Chancellor Rishi Sunak is … Read more
Britain will keep its £85,000 savings guarantee after Brexit… but a fall in the pound means it’s currently less generous than the one in Europe The £85,000 FSCS limit will be kept after Brexit The amount protected may not be adjusted until 2025 It has previously been linked to €100,000 worth of savings but the … Read more
Mike Ashley’s Frasers Group forced to trim back profit forecasts as retailers face much leaner Christmas than had been hoped The firm said guidance of a 20 to 30 per cent boost in profits now unlikely Frasers Group includes Sports Direct, House of Fraser, Evans Cycles and Game By This Is Money Published: 10:54 GMT, … Read more
You’d probably need to raid the gold depository at Fort Knox to afford these five very special 007 cars with a combined value of £16.5million. Laden with gadgets and belching smoke, the collection of £3.3million-a-piece Aston Martin Goldfinger DB5 continuation models has been photographed for the first – and probably only – time together, just in … Read more
BUSINESS LIVE: FTSE and pound slump as new Covid strain crisis grips the nation; Frasers Group warns on profits; Arcadia sells Evans to Australian firm By This Is Money Published: 08:40 GMT, 21 December 2020 | Updated: 08:44 GMT, 21 December 2020 The FTSE 100 and the pound are deep in the red this morning … Read more
Why don’t my company pensions built up before 1988 rise with inflation? Steve Webb replies By Steve Webb for This Is Money Published: 08:24 GMT, 21 December 2020 | Updated: 08:24 GMT, 21 December 2020 I have two final salary pensions neither of which give me any annual uplift in respect of service (and thus … Read more
You’d probably need to raid the gold depository at Fort Knox to afford these five very special 007 cars with a combined value of £16.5million. Laden with gadgets and belching smoke, the collection of £3.3million-a-piece Aston Martin Goldfinger DB5 continuation models have been photographed for the first – and probably only – time together, just in … Read more
Vector Capital, specialist lender which provides short-term loans for small businesses, planning to float on stock market on December 29 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 20 December 2020 | Updated: 21:50 GMT, 20 December 2020 A British lender is set to make its debut on the London Stock Exchange. Vector … Read more