The money page of The Woking Local has links to financial news stories and to web sites that offer financial advice.

 

Information & News about the Woking Area

Money

 

Links

Tax Benefit & Charity



 

Money


 

Information About National Minimum Wage


 

Money Saving Expert RSS Feed


[CaRP] php_network_getaddresses: getaddrinfo failed: Name or service not known (0)
MoneySavingExpert News Feed
News stories

NS&I closes children's bonds to new applicants

Government-backed savings provider NS&I has today closed applications to new customers for its five-year children's bonds, though hundreds of thousands of existing accounts can still be renewed at maturity if the child is under 16.

The account, which pays 2% AER tax-free interest fixed for five years on up to 3,000, can now only be opened as a renewal of an existing bond when it matures at the end of its term. As of March 2017, there were almost 840,000 children's bonds open with a collective 500 million saved.

It could previously be opened by the parent, grandparent or guardian of any child under 16. We've asked NS&I if there are any plans to remove the option to renew maturing accounts, and it says it reviews all its products regularly, and will update customers if there are any changes.


Asda offers 15 vouchers to customers hit by online shopping technical glitch

Asda is handing out 15 goodwill vouchers after it was forced to cancel some of its online deliveries this weekend due to a 'technical glitch'.

The supermarket's Twitter feed was flooded with complaints on Sunday after customers received text messages warning orders may be late or cancelled. Here are a few examples:

Rubbish that I'm getting an @asda @AsdaServiceTeam that's simply made up of delivery charge and bags - ridiculous and really bad service! pic.twitter.com/2NtL4OOxLc


Labour pledge to cap credit card interest a 'positive step', says Martin

MSE founder Martin Lewis has welcomed Labour's pledge to cap credit card interest so that no one pays back more than twice the amount of their original borrowing.

In a speech at the Labour Party conference in Brighton today, Shadow Chancellor John McDonnell will say there is a 'debt crisis' with three million people trapped in persistent debt.

He will call on ministers to apply the same cap on credit card debts as on payday loans, limiting interest and charges to 100% of the amount borrowed.


Regulator draws up plans for next-day energy switching

Next-day energy switching is in the pipeline as part of a drive to make it easier for consumers to swap suppliers.

The energy regulator Ofgem is currently consulting on the plans, which would mean customers who request to switch energy suppliers before 5pm would be moved to a new company by the end of the following day.

To find your cheapest deal and see if you can save 100s by switching NOW, use our free Cheap Energy Club.


E.on set to scrap standard variable tariffs for those with smart meters or a ...

E.on has announced it is to scrap its standard variable tariff for many customers from next year, replacing it with a cheaper one-year fix with no exit fees though you'll need to have a smart meter or already be on a fixed tariff to benefit.

The energy firm is the first of the big six providers to act on standard variable tariffs (SVTs) the expensive default energy deals about 66% of households are still on.

From next year if you're on E.on's standard tariff and have or arrange to have a smart meter installed, or if you're on a fixed E.on tariff which comes to an end, you'll automatically be placed on the new one-year fix.


Uber set to lose London licence

Ride-hailing app Uber will not be issued with an operating licence after its current one expires at the end of this month, Transport for London has announced.

Transport for London (TfL) said the firm is "not fit and proper" to operate in the capital due to concerns which have "public safety and security implications". These include its approach to reporting serious criminal offences and how it carries out background checks on its drivers.

The Uber app allows users to book cars using their smartphones, and is available in cities across the UK. Some 3.5 million passengers and 40,000 drivers use the Uber app in London.


Buying an iPhone 8? Here's our round-up of the best deals

Apple's iPhone 8 and 8 Plus are now on sale in the UK. Buying a new iPhone is never MoneySaving but if you're determined to get one anyway, buying it in the right way could save you almost 500 compared with the cost of a standard contract.

Update 3pm Mon 25 Sep: Mobile phone prices can change hourly, particularly after a new handset's launch. These prices were correct as of 3pm Monday - but if you're going to buy, make sure you do your own price comparison.

Generally the cheapest way to buy a new iPhone is to pay for it outright if you can afford to and then pair it with a cheap Sim-only contract, as buying on a traditional contract from the major mobile networks will tie you in for 24 months and can cost 100s more over the contract's length.


Ryanair agrees to put passengers on other airlines' flights

Ryanair has made a U-turn and agreed to move passengers whose flights it has cancelled onto other airlines if necessary.

The Civil Aviation Authority (CAA) has stepped in after Ryanair chief executive Michael O'Leary said the budget carrier would not pay for passengers to take flights on other airlines, stating that that was not required under EU flight delay law. This comes amid widespread disruption caused by Ryanair cancelling thousands of flights.

The CAA wrote directly to O'Leary on Monday and says it has confirmation Ryanair will use other airlines to help those affected, if required. The regulator has promised to "closely monitor" the situation, and will consider enforcement action if the airline does not comply.


Student gets more birthday freebies than he bargained for

A student MoneySaver has become a viral sensation after getting his food and drinks paid for all evening following a shout-out for birthday freebies.

Nick Matthewman celebrated his 20th birthday at The Bankers Draft Wetherspoon's pub in Sheffield yesterday, as the pub chain was offering 7.5% off all food and drink as part of its 'Tax Equality Day' a campaign to highlight the level of VAT paid by the pub industry.

When they got to the pub, Nick's mate Rory decided to take their money-saving to the next level, asking Twitter users to buy his pal a birthday drink on Wetherspoon's table service app. The app allows users to order food and drink to a specific table in one of the chain's pubs, and pay for it.


Energy costs soar as household bills rise by 2.4%, MSE's Bills Tracker shows

Energy bills are rising at the fastest rate since early 2014 and contributing to a 2.4% increase in a typical household's average bills and expenses, this month's MSE Bills Tracker reveals.

Our tracker, which launched last month, uses data supplied by the Office for National Statistics (ONS) to create a picture of the average price changes for household bills across the UK.

Inflation is usually measured by looking at the prices of hundreds of different items, but crucially our tracker cuts most of these out and focuses only on core expenses such as housing costs, energy and insurance expenses which most households have and which typically make up the lion's share of their outgoings.



Newsfeed display by CaRP


 UK Investment Finance Credit from Google


[CaRP] php_network_getaddresses: getaddrinfo failed: Name or service not known (0)
UK Investment Finance Credit - Google News
Google News

Is China Heading for New Financial Crisis? - Morningstar

Is China Heading for New Financial Crisis?
Morningstar
He points to data compiled by the Bank for International Settlements, which shows that the private sector non-financial debt service ratio has risen close to 20%, similar to the levels reached in Europe and the US at the height of their credit bubbles ...

and more »

Why Italy's economy is about to collapse - The Independent

The Independent

Why Italy's economy is about to collapse
The Independent
Once its strength, Italy's smaller enterprises have contracted as a result of low sales, declining profitability and lack of financing. Italy has a current account ... Unlike counterparts in the UK and US, Italian banks have been unwilling or unable to ...


MOVES-Goldman hires investment banker Kamo from Credit Suisse - Yahoo Finance UK

MOVES-Goldman hires investment banker Kamo from Credit Suisse
Yahoo Finance UK
Kamo, who helped lead a new sell-side M&A effort at Credit Suisse, will join the New York-based bank in June, the people said. Kamo will join the Financial Sponsors M&A group and report to global head of sponsors M&A Stephanie Cohen, one of the people ...

and more »

Phone Tracking, Nude Selfie IOUs See Chinese Bare All for Credit - Yahoo Fina...

Yahoo Finance UK

Phone Tracking, Nude Selfie IOUs See Chinese Bare All for Credit
Yahoo Finance UK
"Chinese people have no issue handing over their personal data, giving you their credit card number, giving you their bank account," said GGV Capital's Shanghai-based managing partner Jenny Lee, whose Silicon Valley venture capital firm has invested in ...

and more »

UK insurers seek solid returns in infrastructure - Financial Times

Financial Times

UK insurers seek solid returns in infrastructure
Financial Times
?There are not an awful lot of options for pension funds and insurance companies. Infrastructure credit is the ideal asset to back long-term liabilities?. PIC's investments in the super sewer stretch out as far as 2054 and offer yields of 1 per cent ...

and more »

Credit control platform Satago closes ?4.6m investment - Startups.co.uk

Startups.co.uk

Credit control platform Satago closes ?4.6m investment
Startups.co.uk
The start-up claims that 1,000 small businesses have signed up to the platform to date and says it is able to finance up to 50,000 per client ? from 500. The funding, which comprises of an initial 3m credit line and an equity investment of 1.6m ...

and more »

Treasuries Tumble as U.K. Polls Curb Demand for Safest Assets - Bloomberg

Financial Post

Treasuries Tumble as U.K. Polls Curb Demand for Safest Assets
Bloomberg
The Stoxx Europe 600 Index jumped 3.3 percent at 6:06 a.m. in New York, for a second consecutive gain, with banks, financial-services companies and insurers leading the charge. All major western-European markets climbed, with the U.K.'s benchmark FTSE ...
Markets around the world are surging as polls reveal the tide is turning against BrexitFinancial Post

all 11 news articles »

Could Britain's exit from European Union be watershed for global economy? - F...

Firstpost

Could Britain's exit from European Union be watershed for global economy?
Firstpost
Some, like outgoing Finnish Finance Minister Alexander Stubb, compare Brexit to the 2008 collapse of U.S. investment bank Lehman Brothers, which spread financial ruin across the globe. Or, it could be more like Y2K, in which ... Faced with churning ...
Brexit weighs on global marketsThe Sydney Morning Herald

all 1,592 news articles »

How Goldman Sachs became embroiled in claims they duped Libyan officials - Da...

Daily Mail

How Goldman Sachs became embroiled in claims they duped Libyan officials
Daily Mail
Tomorrow, this Master of the Universe will be attending an important conference, where a collection of high-powered men in bespoke suits will swap business cards and discuss complex financial transactions. But tonight, it's time to party and the ...

and more »

Brexit could cause total ruin for Britain's banks - Yahoo Finance UK

Yahoo Finance UK

Brexit could cause total ruin for Britain's banks
Yahoo Finance UK
Bernstein also adds that in terms of investment banking, UK banks would get slammed in the event of Brexit. Revenues, it argues, are already dropping, and could fall by as much as 30% in the near term after a Brexit. Mortgage income would also tank ...

and more »


Newsfeed display by CaRP