‘Mortgage chaos’ of last few months eases as available deals surpass 4,000 February 13, 2023 The number of mortgage deals available has surpassed 4,000 for the first time in six months according to a financial information website. Moneyfacts.co.uk, which counts the number of mortgage products at the start of each month, said 4,341 deals were available on 1 February compared with 3,643 products at the start of January. Many mortgage [...]
Record price rises force Brits to change Valentine’s day plans and cut back on dating February 13, 2023 In a bid to spend less, some 17 per cent of the public have revealed that they are committed to going on fewer dates and a further 13 per cent have confessed that they are now on the hunt for a more financially stable partner.
Cost of living crisis could drive the Bank of Mum and Dad bust, life office warns February 13, 2023 The wealth of parents who have been supporting their ‘adult’ children could be about to dry up, a life office has warned. According to the Institute for Fiscal Studies (IFS), £17bn a year is gifted or loaned annually, almost all from parents to adult children But Canada Life said its survey found that almost half [...]
Where there’s a will, there’s a war, and how making one can protect your loved ones against inheritance tax February 10, 2023 Most wealthy Britons prefer not to share their inheritance plans with their families, according to a new study. In a survey commissioned by Brown Shipley, a Quintet Private Bank, 54 per cent of respondents said they had not spoken to loved ones about plans to pass on wealth. More than two-fifths, 42 per cent, had [...]
‘Britcoin’: Bank and Treasury explore the need for a digital pound February 6, 2023 The Bank of England and Treasury are exploring launching a digital pound in a move that officials claim would firm up financial stability in Britain. “No decision has been taken at this stage,” the pair’s experts said yesterday, but added that what some are dubbing ‘Britcoin’ is “likely to be needed in the future”. The [...]
Rom-cons on the rise: Romance Scammers trick average victim out of over £8k February 6, 2023 Lonely souls looking for Valentine’s love are being warned not to fall prey to romance scams which have increased by over 30 per cent in the last year according to Lloyds bank. The rise of dating apps and social media has made romance scamming easier, as criminals can more easily fake their identity to gain [...]
Scam warning: FCA removes over 5,800 misleading ads and warns consumers to be on their guard February 3, 2023 The Financial Conduct Authority (FCA) said it has ramped up efforts to protect consumers from misleading financial promotions, according to a report published today. The UK’s leading financial watchdog required firms to amend or remove a staggering 8,582 promotions during 2022, compared to just 573 in the previous year. It also posted more than 1,800 [...]
King Charles will not appear on Australian banknote as Queen Elizabeth II’s portrait is replaced February 2, 2023 Queen Elizabeth II will no longer appear on the Australian $5 banknote and King Charles III will not replace her, the Reserve Bank of Australia (RBA) said on Thursday. Her Majesty’s portrait will be swapped for an updated design which “honours the culture and history of the First Australians”, according to a statement from the [...]
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