As many as 1.4 million households are sitting on a four-wheel treasure trove in the form of unused cars, it is claimed. New research suggests these vehicles, which perform no useful function and are gently rusting away, could be worth a combined £9.5 billion. Against a background of the continuing cost of living squeeze the […]
Pensioners who overpaid their tax on their first withdrawal have clawed back more than £1.2billion a decade on from when the flexible withdrawals policy came in. Repayments in the 2023/2024 tax year hit a record £198million, with the average reclaim in the first quarter of 2023 worth £3,167. But experts at AJ Bell warned the […]
A divorced mum-of-two reveals the ‘dark times’ she suffered after falling into hygiene poverty that left her feeling ashamed and embarrassed. Caroline Gandy-Brown, 54, spiralled into debt after a divorce and found herself having to sacrifice her own hygiene for the sake of the children. She laid bare the reality of hygiene poverty as new […]
Exxon Mobil’s profits have taken a tumble in the first quarter as natural gas prices took a nosedive and industry refining margins shrank. The energy behemoth posted earnings of $8.22 billion, or $2.06 per share, for the three months ending March 31, a drop from $11.43 billion, or $2.79 per share, a year earlier. Despite […]
Thousands of NatWest, Halifax and Santander rushed to ditch their current accounts as switch to rival banks, new figures show. Barclays, Nationwide, and Lloyds emerged as the “big winners”, as shown by figures unveiled by the Current Account Switch Service (Cass). The data reveals that Nationwide saw a net gain of 163,363 account switches in total […]
An urgent warning has been issued to energy customers as it’s revealed that ‘half’ of British Gas, OVO, Octopus Energy and EDF customers are being told to ‘review’ their bill immediately. Astonishingly, only 54 per cent of UK residents – typically customers of major energy firms such as British Gas, OVO, EDF, Eon Next, Octopus […]
David Schwimmer, the boss of the London Stock Exchange Group might be sailing towards a lucrative pay rise as shareholders proposed plans to potentially double his earnings to over £13million in salary and bonuses. Almost 89% of votes from investors at the company’s annual general meeting supported a bountiful compensation package for David Schwimmer, notwithstanding, […]
Educational publisher Pearson has kicked off 2024 on a positive note, reporting growth in sales driven by strong demand for English language and work skills courses. The company also revealed that it has seen encouraging engagement with its learning tools that incorporate AI technology, and plans to expand the use of these features throughout the […]
Taxpayers who have not yet filed their overdue self-assessment tax returns have days before they’re hit with additional late filing penalties, an expert has warned. Starting May 1, a late filing penalty for the 2022/23 tax year of £10 per day will be incurred, up to a maximum of £900. This is in addition to […]
A man was left feeling “overwhelmed” after he received a scam phone call purportedly from HMRC threatening him with legal action. The man contacted the tax authority over X to report the incident and ask if the phone call was genuine. He asked the customer support team: “I just received a very worrying automated call […]
