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Households less likely to cope with financial shocks in 2022 and 15% of low-income Britons are already behind with bills and debt repayments Households overall became more financially resilient during the pandemic The picture across regions and parts of society is strikingly uneven Situation to worsen this year due to inflation, taxes and interest rate … Read more
Christmas shopping chaos for Nationwide customers as banking glitch means they are unable to spend or receive money Nationwide customers have been unable to transfer or receive money since this morning Has caused chaos in the days leading up to Christmas, with frustrated customers unable to receive wages or go shopping Unclear when the issues … Read more
Budgets will be squeezed and the price of new and non-fixed rate mortgages will rise after the Bank of England’s surprise decision to increase the base rate to 0.25 per cent. The decision could hit ordinary people in the pocket, as the cost of living is already on the rise, but the move is being … Read more
Ministers are trying to lure Rivian, now the world’s sixth-largest car maker, to build a £1bn factory in the UK By Daily Mail City & Finance Reporter Published: 21:50 GMT, 3 December 2021 | Updated: 08:39 GMT, 4 December 2021 Ministers are trying to lure Rivian to build a £1billion factory in the UK. Officials … Read more
The energy supplier offering a £64k top prize for households cutting down usage: How Octopus customers can take part in its winter workout challenge Octopus Energy is giving its customers the chance to win thousands of pounds Its winter workout challenge asks customers to cut down on energy The supplier will provide consumers with a … Read more
Car dealership Pendragon increases full-year profit outlook for second time in less than two months By Daily Mail City & Finance Reporter Published: 21:57 GMT, 1 December 2021 | Updated: 00:21 GMT, 2 December 2021 Car dealership Pendragon has increased its full-year profit outlook as supply issues have proved to be not as bad as … Read more
Amigo boosts compensation offer to mis-selling victims after court rejects loan firm’s first offer as ‘unfair’ By Daily Mail City & Finance Reporter Published: 21:50 GMT, 29 November 2021 | Updated: 21:53 GMT, 29 November 2021 Customers mis-sold loans by Amigo will get a ‘markedly better’ payout as the beleaguered lender closes in on a … Read more
The average property price could still grow by up to 7 per cent in 2022, according to one forecast – as separate research revealed that Merseyside and Lancashire towns have seen the biggest collective price growth since the pandemic began. High-end estate agent Strutt & Parker has predicted that prices will increase by 7 per … Read more
Family food bills could increase by more than £180 next year because of spiking inflation, Labour analysis of official figures has suggested. The Office for Budget Responsibility has forecast that Consumer Prices Index inflation could rise to more than four per cent in 2022. Such a rise would add about £3.50 to the cost of … Read more
Rishi Sunak’s green savings bond is now on sale with NS&I – but with one of the worst rates on the market at 0.65% Savers will be paid interest at just 0.65pc if they invest in the three-year fixed bonds to bankroll environmentally-friendly Government projects Yet there is a pick of more than 80 similar … Read more