12 h. ago Attendance Allowance claimants warned about 'reporting a change' as payments could increase

The latest figures from the DWP show that at the end of August last year, there were nearly 1.7 million people across Great Britain receiving additional financial support through Attendance Allowance

Events

3 d. ago Hell is not other people – it’s being stuck in the ninth circle of an automated telephone service | Hilary Freeman

Tuvalu is celebrating its first ATM, but here’s a warning from the UK, where human contact has been lost to the self-service age Life is about to change on the remote island nation of Tuvalu. And not, in my opinion, for the better. To great fanfare, Tuvalu – an entirely cash-based society – has unveiled its first ever ATM, marking its move towards financial modernisation. But while the 10,000 people living in that country may be celebrating no longer having to queue at the bank, I fear their happiness will be short-lived. It’s the start of the slow erosion of human contact that heralds the dehumanisation of yet another society.The world’s first ATM was introduced in Britain in 1967, but for me the tyranny of machines that promise convenience but erode human contact really began about 20 years ago, in the form of self-checkouts in our local Sainsbury’s. Having watched the Terminator movie franchise during my formative years, I railed prophetically against them, aware that it was just...

Politics

5 d. ago Wealth expert’s tips for building financial goals and resilience over a lifetime

Four-fifths of people are working towards at least one financial goal, according to research for HSBC UK Premier.

Economics

9 d. ago ‘Calculated’ carer stole £17,000 from elderly residents at York care home ‘to spend on gambling and takeaways’

‘Pratt knew which residents would be the most vulnerable to financial exploitation, and these were the people she targeted’, North Yorkshire Police said

Economics

1 week ago New PIP claims worth up to £187 each week for people with these long

PIP and Adult Disability Payment are providing financial support for 3.7 million people across Great Britain.

Economics

2 w. ago Pair filmed raiding Scots charity clothes bank before leaving scene

"It is shocking that people in this day and age are that desperate that they have to resort to this. We are now in times where some people just can not survive financially at all."

Culture

2 w. ago Ways to ‘get clarity’ over finances suggested as 22% of people feeling downbeat

Concerns about the economy and not having enough money for savings were among the reasons for people feeling the financial strain, Moneybox said.

Politics

2 w. ago New DWP warning to people making a new claim for Universal Credit

Some 7.5 million people are currently receiving extra financial support through Universal Credit.

Events

2 w. ago New call for tax refunds for people commuting to work by car or public transport

An online petition argues the burden of travelling to work is putting people under more financial pressure.

Economics

2 w. ago Accessible side hustles and ways to make extra money if you have a disability

MoneyMagpie Editor and financial expert Vicky Parry explores how disabled people can top up their income – especially if they face getting PIP and benefits cut

Politics

4 w. ago US consumer confidence hit by tariff fears; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

4 w. ago Tariff uncertainty risks ‘significant economic damage’; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

4 w. ago China’s Xi urges global CEOs to protect trade supply chains; UK’s 2024 growth revised higher, but households hoard cash – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

4 w. ago China’s Xi urges global CEOs to protect trade supply chains; UK’s 2024 growth revised higher – business live

Rolling coverage of the latest economic and financial newsToday’s UK national accounts data also shows that people stashed away more of their money into savings at the end of last year.The household saving ratio, which measure the proportion of income that is saved, rose to 12% in October-December 2024, up from 10.3% in the third quarter of last year.One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains.Non-food stores – the total of department, clothing, household and other non-food stores – rose by 3.1% over the month. This put monthly sales volumes at their highest level since March 2022.“The exceptional volatility in rec...

Economics

4 w. ago Banks to monitor impact of higher bills next month and contact people in need of financial help

Council Tax, broadband, mobile phone and energy bills are set to rise in April and some of the biggest banks will be offering extra support.

Economics