9 big homes for sale with tiny prices

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UK household incomes take a beating as economy flounders

Real household disposable income (RHDI) is set to grow by just 1% per person, or £220 ($293), over the course of the current Conservative government, which runs to the end of 2024. This would make it the second worst parliament for living standards since records began in 1955, according to a new Resolution Foundation analysis. The research published today analysed the Office for Budget Responsibility’s (OBR) latest economic outlook and historic...

Minimum wage increase 2021: How much UK National Living Wage will rise next year, and who it applies to

The National Living Wage will get a 19p increase, from £8.72 to £8.91 per hour

MIDAS SHARE TIPS UPDATE: Cake Box serves up profit treat

Midas recommended Cake Box shares in July 2018, just after the group floated on AIM. The shares have since risen 37 per cent to £1.88 and should gain ground. New investors might also be tempted.

City grandee Martin Gilbert reveals bold plans for Revolut: 'I'll turn £4bn app into one-stop shop for ALL your finances'

The entrepreneur stepped down as vice-chairman of FTSE100-listed Standard Life Aberdeen in May. But instead of filling his time working on his putting, keen golfer Gilbert has a new goal.

Second home owners who registered properties as businesses set to land £85m windfall from Government's small business grant scheme

Experts said the loophole allows the owners to register them as businesses as long as they 'make them available' to let for 140 days of the year and take bookings for at least half of those days.

Little-known British pharmaceutical executive working on Covid vaccine sees his wealth catapulted to more than $100m after value of his shares rocket

Sean Marett has benefited as investors across the world have piled in on news that the drugs firm has developed an effective vaccine.

BoE's Haldane sees inflation risks as economies bounce back

BoE's Haldane sees inflation risks as economies bounce back

The Treasury must release more money – and relinquish more control

Rishi Sunak has spent billions of pounds rescuing the economy during the year of Covid, but he needs to go further. To start with, the chancellor, who set out his 2021-22 spending plans last week, needs to make permanent the £20-a-week increase in universal credit which is due to expire in the spring. Without that increase, about 6 million households, many of them the most vulnerable to financial shocks, will lose £1,000 a year of vital funds...

Debenhams rescue hanging by a thread: Fears 242-year-old chain could follow Topshop into the abyss in crunch week for the high street

A final decision by suitor JD Sports is expected within days. The potential deal is widely seen as the last chance to save the high street stalwart from a painful breakup in the New Year.

It has been a difficult year for most investors, but lift your fortunes with funds aiming for a big 2021 rebound

There seems to be a little bit of blue sky on the horizon, despite the calamitous impact of the pandemic on the economy outlined by Chancellor Rishi Sunak.

How Britain recorded a record day for internet use last Saturday

From 10.35am last Saturday and until the same time the next day, TalkTalk customers used 41.2m gigabytes of data driven largely by our new streaming habits.

Starling sets its sights on IPO amid interest from big lenders

Starling Bank has said it is still eyeing up an initial public offering (IPO) amid reports that banking giants Lloyds Banking Group (LLOY.L) and JP Morgan (JPM) were interested in the company. The British startup challenger bank, founded in 2017, said that a stock market listing was “still in our sights.” It came as the Times earlier revealed that American bank JP Morgan was looking to snap up the company, while Lloyds had its eye on its...

Rapid economic recovery could allow Rishi Sunak to delay tax rises

Senior Treasury ministers are waiting until the UK is past the worst of the coroanvirus pandemic before looking at tax rises, The Telegraph reported.

AJ Bell expected to reveal profit surge from year of Covid volatility

But the online trading platform may have to give answers over why its servers – along with others – crashed after the Pfizer vaccine trial results.

HAMISH MCRAE: In uncertain times, we must bolt down what we know, be frank about what we don't, and make a cool judgment about the ways forward

It would be great if we could figure out how to end boom and bust, as former Prime Minister Gordon Brown said he had, but we are not clever enough to do so.

ME AND MY MONEY: I was in the Big Brother house, now I've got 24 of my own! Craig Phillips ploughs cash into property including his £1.5m home

The former bricklayer made hundreds of thousands of pounds as the first winner of the TV reality show 20 years ago. But his best money making venture has been to invest in buy-to-let property.

Families ‘facing hardest period in five decades’ as Britain's economy stalls

Britain is on course for one of the worst periods of income growth since records began, according to an analysis outlining the economic fallout from the Covid-19 pandemic. With the government already under pressure to improve the financial aid it is providing, it emerged that real household disposable income is set to rise by just £220 from 2019 to 2024, the expected period of the current parliament, a lift of just 1%. The analysis by the...

Swiss vote on plan to boost liability, scrutiny of big firms

GENEVA (AP) — Swiss voters are casting final ballots in a referendum on a measure that could stiffen penalties against companies that are based Switzerland if they violate human rights or harm the environment abroad. The federal government opposes the initiative titled “Responsible companies — to protect people and the environment," championed by left-leaning groups and some big civil society organizations, asserting that it goes too far....

Winter Fuel Payment 2020: When DWP allowance is paid, how much it is, who’s eligible and how to claim

Most payments are made automatically between November and December, and people should get their money by 13 January 2020

Decline in UK private sector activity slows in three months to November

Private sector activity in Britain fell at a slower pace in the quarter to November than in previous months. Research from the Confederation of British Industry (CBI) shows activity in the three months to November declined slower compared to October to -16% from -29%. The survey of 620 companies revealed that sales in the distribution sector grew at the fastest rate since last year May to +10% from -12%. Meanwhile, the decline in manufacturing...

Sky sale continues for Cyber Monday with big savings on TV, broadband and mobile

You've got until November 30...

'Christmas slots went in five hours': how online supermarket Ocado became a lockdown winner

Ocado’s warehouse in Erith, 15 miles east of London on the Thames estuary, is staffed by 1,050 “personal shoppers”. Outnumbering them are 1,800 robots the size of small washing machines. You see them by climbing to the top level of the vast warehouse – at 564,000 sq ft, it is more than three times the size of St Peter’s in Rome – where a sign tells you that photography is strictly prohibited. The online supermarket is paranoid that rivals will...

New Huawei equipment will be banned from UK's 5G network 'next year'

Telecommunications firms will be banned from installing new Huawei equipment into the UK's 5G network from September next year, it was claimed today.

At this Cotswold rent-a-Christmas-tree farm, the trees grow with the families

Families take the same tree home year after year.

Using super to fix wages growth is as disingenuous as using it to fix the housing market

So many of our policy debates are mired in bad faith that are never actually about solving the problem at hand. Dealing with climate change, for example, means we need to reduce emissions, but instead the debate is always about power prices and economic growth. To wit: Government: “How can we reduce emissions?” Everyone: “Put a price on carbon and subsidise renewables.” Government: “If only there were an answer ... oh well, guess we need more...

HSBC mulls exit from US retail banking

HSBC is considering a total exit from retail banking in the US after narrowing the options for how to improve The post HSBC mulls exit from US retail banking appeared first on CityAM.

Bank of England chief economist Andy Haldane says inflation could rise more than expected

Andy Haldane, the Bank of England’s chief economist has said that inflation could rise by more than expected as huge amounts of stimulus raised the chances of a quick economic bounce-back. Speaking at a webinar on Saturday at University College London he said: “As the economic recovery gathers pace next year, it will be important that central banks remain squarely focused on their core medium-term price stability mandates.” He focused the main...

UK says Brexit trade talks with EU are in their 'last week'

LONDON (AP) — Britain’s foreign minister said Sunday there is only about a week left for the U.K. and the European Union to strike a post-Brexit trade deal, with fishing rights the major obstacle to an agreement. As talks continued between the two sides in London, Foreign Secretary Dominic Raab said “I think we are into the last week or so of substantive negotiations.” The U.K. left the EU early this year, but remained part of the 27-nation...

Firms lined up to work on EDF's Sizewell C nuclear plant in Suffolk say they need green light from Government by Christmas to protect 25,000 jobs

There are warnings of a looming 'cliff edge' as many firms' work on Hinkley Point C is coming to an end. They say they cannot plan to switch workers to Sizewell until it gets government backing.

Use your gift card quickly... or it could end up worthless

Just ask Doug and Angela James. The couple, from East Sussex, had a 'distressing and infuriating' experience trying to spend money on their Vanilla gift cards.

Sir Philip Green’s struggling Arcadia Group ‘set to be offered £50million lifeline by Mike Ashley’

Plans for an emergency multimillion-pound loan to Sir Philip Green's struggling Arcadia Group have reportedly been drawn up by Mike Ashley's Frasers Group. It comes just a day after Sir Philip's retail empire was revealed to be on the brink of collapse with around 15,000 jobs at risk. Arcadia Group, which runs the Topshop, Dorothy Perkins and Burton brands, is expected to appoint Deloitte as administrators in the coming days. The offer from...

Philip Green's empire was doomed by failure to move with the times

For nearly two decades Sir Philip Green has been Britain’s most famous, or perhaps infamous, shopkeeper, with a store on every major UK high street and in every shopping centre. But with his stricken Arcadia fashion empire expected to enter administration this week, the fashion group’s problems could mark the end of an era for the controversial businessman – and another lurch downwards for a high street stricken by coronavirus. Green made his...

Private equity firms approach Sabadell about buying TSB from the Spanish bank

It is understood that NewDay, a credit card provider, looked at a possible merger with TSB earlier this year. It is not known if NewDay is still interested.

Week ahead: UK and global PMIs, Eurozone inflation, US employment data

Financial markets are bracing themselves for a busy end to a chaotic year, as we enter the last month of 2020. As for the coronavirus, on 2 December, the four-week lockdown will end and England will return to its tiered system to monitor the virus. European countries are still fighting the second wave, but lockdowns and restrictions are helping slow the spread in many nations. In the US, the numbers continue to climb to record highs. Things look...

Which public sector workers get a pay rise? Pay freeze explained, and the NHS staff and other jobs exempt

A pay freeze for many public sector workers was confirmed by Rishi Sunak in his Spending Review on Wednesday - but NHS staff and employees on lower wages are protected

Low-paid workers £2,500 worse than 10 years ago even before Sunak's pay freeze

Tory Rishi Sunak is waging war on the very workers keeping Britain afloat in the pandemic as his 2021 public sector pay squeeze will hit the lowest paid who have already lost thousands

JEFF PRESTRIDGE: Lloyds shows cash CAN survive - bank to launch new cashback initiative with local retailers

It will result in 500 retailers offering cashback facilities for the first time. All will be business customers of the bank. It will not just be corner shops that will be targeted, but pharmacies, cafes and pubs.

Things are looking up for oil, but Opec can't uncross its fingers just yet

When oil ministers from the world’s largest fossil-fuel nations meet via webcam this week to make decisions about the global oil market in 2021, they could be forgiven for indulging in a little early festive cheer. Oil prices have more than doubled since tumbling below $20 a barrel and hitting 21-year lows during “black April” – when Covid restrictions brought major economies to their knees, and caused what is thought to have been the worst...

Netflix is to start declaring its £1billion-plus UK revenues

The streaming service has been funnelling profits from the UK through accounts at its headquarters in the Netherlands since 2012.

One in six plan to rely on credit cards or payday loans to pay for Christmas splurge

One in 20 of those questioned are planning to spend more this Christmas

From Black Friday to Cyber Monday: everything you need to know

Black Friday sees record online as US shoppers stay home

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on U.S. retail websites on Black Friday, according to Adobe Analytics, which tracks online shopping. That was a 22% increase over the previous record of $7.4 billion set in 2019. Meanwhile, traffic to physical stores plummeted as retailers tried to prevent crowds by cutting their hours...

The plants costing UK homeowners over £10,000 to remove

UK homeowners could face unexpected problems with plants and trees that could knock down property prices, cost thousands of pounds to remove, cause issues with selling or buying a property, and even result in a lawsuit. Japanese knotweed can cost over £10,000 to remove in a process that can take up to three years. A knotweed infestation can devalue a property between 5-15% or in some severe cases properties have been almost completely devalued,...

If Rishi Sunak fears for the deficit, why does he back Brexit?

My Irish mother taught me always to “try to see the good in people”. Alas, with this government it’s a bit of a problem. George Osborne and his needless austerity programme was bad enough. But this lot are taking bad government to new depths. Last week was very much Chancellor Sunak’s show. His speech on Wednesday was preceded by so many media leaks that very little came as a surprise. But I fear that behind that ingratiating smile lies an...

Royal Mail could save £225m by stopping Saturday post

Royal Mail (RMG.L) could save up to £255m ($299m) per year by 2022-23 and still meet the needs of most of its customers by cutting Saturday letter deliveries, a report has suggested. According to research from Ofcom, scrapping the service would have no significant impact on customers, but the move itself would not be enough to make Royal Mail sustainable in the long-term, it said. The postal service, which was privatised in 2013, has struggled...

Australia considering WTO appeal against China barley tariffs as tensions rise

Australia considering WTO appeal against China barley tariffs as tensions rise

The Observer view on Rishi Sunak's callous spending review

The impacts of this pandemic will continue to be felt long after vaccines have generated enough Covid-19 immunity to eliminate its immediate threat to human health. There are the tens of thousands of lives that have been ended decades too soon, leaving gaps that will never be filled in the hearts of loved ones and, last week, the scale of the long-term economic damage that this virus will wreak was set out by the independent Office for Budget...

L&G ECOMMERCE LOGISTICS FUND: Fund soars as we buy and sell more online

Listed on the UK stock market and other European bourses, its share price has jumped by 38 per cent since the start of the year. Since launch in 2018, it has generated a return of 48 per cent.

Actors, pilots, oil workers … thousands from Covid-blighted jobs join parcel courier army

For as long as Anna-Jane Casey can remember she has spent the run-up to Christmas on the stage in the West End. But this year Casey is joining a growing army of workers from Covid-blighted industries to deliver an unprecedented volume of parcels across the UK. “It’s gone bonkers. Last week both myself and my husband were doing 180 to 200 parcels a day,” she said. “People are so lovely when they get their things but I want to scream in their...