Hampshire Trust Bank launched several new fixed rate savings accounts this week, but its one-year bond has earned an “excellent” Moneyfacts rating. Paying an “attractive” 5.17 percent interest rate, savers can open Hampshire Trust Bank’s One Year Fixed Bond with a deposit of just £1. Fixed-rate savers can be beneficial during the current period of […]
A worringly convincing scam email purportedly from HMRC has been reported which imitates link to the Government website. A person received the email on April 2, which includes a bogus link which generates a ‘Welcome to GOV.UK’ button, appearing to link to the Government website. The fake email reads: “Dear [the person’s email address] “We […]
Productivity is no puzzle for sheet metal and fabrication specialist Contracts Engineering Ltd (CEL) whose highly skilled workforce backed by robots is firing on all cylinders achieving record outputs. Asset finance for the automation has come from NatWest Group’s Lombard and underpins the high volume and growth capabilities of the manufacturer in Sittingbourne, Kent. Supplying […]
Beleaguered Thames Water’s parent company Kemble has had its credit rating slashed by Moody’s, which warns that it could default on its loans in May. Moody’s said it downgraded Kemble’s credit worthiness by four notches from B3 to Ca, its second lowest score. While it defines B3 as a “high credit risk”, the Ca rating […]
The average cost of a pint has risen by more than a quarter in the past five years taking it to £4.70. Figures from the Office for National Statistics (ONS) show the average price has risen by £1.03 since January 2019 – up 28 percent. And in some major cities like London and Brighton a pint can be as […]
A petition demanding an urgent parliamentary debate on compensation for the WASPI women has reached 200,000 signatures. The petition was launched less than two weeks ago on Change.org by Angela Madden, the chair of Women Against State Pension Inequality (WASPI). It was started in response to both Labour and the Conservatives failing to commit to […]
Co-op says it suffered a record year for theft, abuse and violence against its staff, up 44 percent to around 1,000 incidents a day at its stores, costing it £70millon. Speaking at the mutual conglomerate’s annual results, chief executive Shirine Khoury-Haq pleaded with the Government and police to take retail crime seriously. She said that […]
A pension contributions formula recommended by personal finance champion Martin Lewis is proving to be a hit on TikTok. The money saving expert offers a pension tool that allows people to forecast the contributions a worker needs to make to afford a comfortable retirement. The basic premise of the formula is that an individual starting […]
As house prices continue to fall across the UK, there are now 10 areas where homes typically cost less than £100,000 each. Houses in the UK cost an average of £282,000, according to the government’s latest house price index data. That’s a decrease of 0.6 percent compared to a year earlier. It means the average […]
NS&I has responded to concerns about how funds in the new British Savings Bond will be used. Analysts at AJ Bell warned previously that the name of the new savings product was a “fancy bit of marketing” with the Chancellor trying to “capitalise on some patriotism” when in reality the funds would go into a […]
