Money

British unions lose appeal over $23 billion pension reform bill

LONDON (Reuters) - Two British trade unions on Wednesday lost an appeal over changes to public sector pensions they argued allows the government to unlawfully pass the 19-billion-pound ($23.7 billion) cost of discriminatory pension reforms onto workers. The Fire Brigades Union and the British Medical Association argued Britain's finance ministry was effectively making members of newer pension

How Iranian banks ‘linked to Tehran’s military’ are still operating in London

Senior Labour and Conservative politicians are calling for two Iranian state-owned banks operating in London to be added to UK sanctions amid claims that ministers are not doing enough to counter Iranian activities in Britain

What the fresh march higher in oil means for world markets

By Lucy Raitano LONDON (Reuters) - Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher on a scale not

Forget gold! I’d rather buy these 3 FTSE high-yielders in a Stocks and Shares ISA

Gold looks like a risky investment to me as the price hits an all-time high. I'm ignoring the fuss to focus on filling up my Stocks and Shares ISA. The post Forget gold! I’d rather buy these 3 FTSE high-yielders in a Stocks and Shares ISA appeared first on The Motley Fool UK.

Six smart decisions to make in 2024, according to a money expert

Get 2024 started on the right financial footing.

Money pours out of Liontrust as investors quit UK shares

Money pours out of Liontrust as investors quit UK shares -

Crypto experts predict historic bitcoin price change after upcoming ‘halving’

Crypto experts predict historic bitcoin price change after upcoming ‘halving’ - The last halving four years ago preceded a five-fold price increase

Could my mortgage cost me more than I make from house price rises?

With the help of data from Finder, we crunch the numbers on predicted mortgage costs and house price rises in the coming decades. Will homeowners still be better off?

Soccer-Juventus review ruling as club ordered to pay Ronaldo 9.8 million euros

(Reuters) - Juventus are reviewing a decision made by an arbitration court which ordered the club to pay former striker Cristiano Ronaldo around 9.8 million euros in owed wages, the Serie A side said on Wednesday. The Portuguese, who now plays for Saudi side Al-Nassr, had claimed he was owed around 19.5 million euros ($20.81 million) of outstanding wages by his former club relating to a paycut

Musk's £45bn payday goes to a vote just months after the deal was struck down in court

In a setback for Musk, 52, a Delaware judge ruled in January that this deal, which would be the biggest ever in US corporate history, should be voided.

Midlife adults feel 'overwhelmed' and 'afraid' at the idea of taking over an elderly parent's finances when they can't cope: Here's how to plan ahead

Nearly half of middle aged people are anxious about handling their parents' money after they are no longer able to cope, a cross-generational study has found.

Latest UK inflation fall matches Bank of England expectations, Bailey says

By Pete Schroeder WASHINGTON (Reuters) - British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be," Bailey said at an event in Washington hosted by the Institute of

Calling all job hunters, these are the UK's happiest industries to work in

Time to start refreshing that CV.

Rishi Sunak says Tories have ‘plan’ six times in 40-second interview

Rishi Sunak says Tories have ‘plan’ six times in 40-second interview -

What you need to know to reduce your car insurance

Car insurance premiums are on the rise but it’s still possible to get a good deal if you follow these tips.

Four Ways to Give Money Tax-Free to Your Kids When You Die

If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you.

Co-operative Bank and Coventry near agreement on landmark £780m deal

The Co-operative Bank will this week move a step closer to regaining its mutual status when it announces that it has struck a £780m deal to be bought by the Coventry Building Society.

The average salary you can expect in the UK based on your age (and how to get it)

Want a pay rise?

I'm retiring after 40 years as a fund manager and this is what I've learnt: Richard Buxton on life as a professional investor

Since the early 1980s, Buxton has done his very best to make money for investors at a string of investment houses.

Australia rises to second in world budget management rankings, IMF data shows

Australia’s overall budget balance is the second strongest among G20 nations, behind only Canada, according to the International Monetary Fund’s latest fiscal monitor. The IMF’s half-yearly update, released on Wednesday night, found Australia’s overall budget balance came in at -0.9% of gross domestic product in 2023, with only Canada’s budget position (-0.6%) faring better. Australia has shot up the rankings in the latest data, having placed...

Lloyds Bank warns customers after £1m lost to Taylor Swift ticket scam

Taylor Swift fans are thought to have lost £1m to fake ticket scams ahead of her upcoming Eras tour. Lloyds Bank has issued a warning to fans, saying that more than 600 of its customers have come forward so far to report being scammed. The figures were based on analysis of purchase scams reported by customers of the banking group in the year to Mar...

Barclays to limit cash deposits from July

Barclays has been accused of trying to ‘kill cash’ with plans to strictly limit how much customers can deposit. From July, an annual limit of £20,000 will apply to the amount of cash which can be paid into Barclays personal accounts, including any associated children’s accounts. The limit will then be reset in January of each following year. Any ca...

What to do with your pension at retirement: A five-step guide to sorting it out and generating a comfortable income for your old age

When it's time to stop work and enjoy retirement, you need to make the most of the money you have saved. That means turning pension funds into an income. We explain what you need to know.

World faces permanently higher interest rates, warns Bank of England official

Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned. Megan Greene, an external member of the Monetary Policy Committee, said the last mile of slowing down the pace of inflation would be the hardest as she spoke during an event hosted by the IIF...

I'm an Isa millionaire: Here are my top tips for building a chunky tax-free pot

Our reader Mr H is one of the lucky few with an Isa worth over £1m and has shared how he became an Isa millionaire and his top tips for increasing your pot.

‘Grey divorce’ poses higher financial risk for women than men

‘Grey divorce’ poses higher financial risk for women than men - ‘Grey divorce operates as a chronic economic strain,’ researchers say

Lenders raise mortgage rates after inflation blow

Mortgages are going up as higher than expected inflation figures cast doubt over the likelihood the Bank of England will cut interest rates before the summer. Coventry Building Society is raising all of its fixed rates on its residential mortgages for new and existing customers from April 18, it has announced. Similarly, Principality Building Socie...

Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt

Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt - From multimillion-dollar properties to luxury watches (and a replica signed Joe DiMaggio shirt), the former New York mayor and Trump attorney may have to part with some cherished items to pay his creditors, writes Kelly Rissman

Average net worth of Americans by age — see how you compare

Can you afford to retire?

Can you afford to retire? - Tough economic conditions mean more people are putting retirement plans on hold and looking at other ways to boost their savings. By Vicky Shaw.

Giving frozen Russian assets to Ukraine would be 'total game changer', says London businessman

Giving frozen Russian assets to Ukraine would be 'total game changer', says London businessman - Bill Browder, known as the Kremlin leader’s ‘number one enemy’, says handing assets to Ukraine would allow it to ‘fight off the Russians’

These are the jobs with the largest gender pay gaps where women earn less than men

Is your industry one of them?

Women reveal why they chose financial security over love

Women reveal why they chose financial security over love - ‘Don’t ever let a man or anyone limit your freedom,’ one person wrote

Cash for clutter: how to make money from what’s in the attic

One person’s rubbish is another person’s treasure, as they say, so you could make a chunk of cash by selling unwanted items cluttering your attic and cupboards. Coins, retro toys and games, old tech, books and magazines can all be sold, with some items possibly worth a lot more than you may think. Dig out old toys Toys don’t have to be 50 or 100 years old to be worth money. For example, Beanie Babies became a big collectible in the 1990s, and...

'The Money Kings': History of US attitudes towards Jews, antisemitism

Daniel Schulman tells the story of German-Jewish immigrants who hit Wall Street, their impact on modern corporate finance, IPOs, anti-trust legislation, Zionism, and antisemitic conspiracy theories.

US aid to Ukraine: President will have right to write off loan provided to Ukraine

The President of the United States will have the right to write off the funds intended for Ukraine as financial assistance, according to the respective bill. According to the initiative of the Speaker of the United States House of Representatives Mike Johnson, it is proposed to allocate $7.8 billion in direct financial assistance to Ukraine in the ...

Single ticket wins £5.2 million lottery jackpot

Single ticket wins £5.2 million lottery jackpot - The estimated jackpot for Saturday’s Lotto draw now stands at £3.8m.

How to care for a Chinese money plant — 8 pro tips to keep them happy and healthy

The experts reveal how to care for a Chinese money plant correctly — including watering requirements and common problems to look out for

How much money do people your age usually save? See how you compare

How much are people saving each year, and how does that change depending on what stage of life they are in? A new study looked at how our emergency funds change over our lifetimes.

Netflix subscriber growth in focus as gains from password-sharing crackdown seen easing

By Harshita Mary Varghese (Reuters) -Netflix's plan to maintain subscriber growth after two quarters of blockbuster increases will be in focus when it reports earnings on Thursday, with some analysts warning that gains from a crackdown on password sharing are set to ease. The streaming pioneer saw its strongest growth since the pandemic in the second half of 2023, with about 22 million people

Emma Raducanu’s company posts £9.6m profit mostly through commercial endorsements

Emma Raducanu’s registered company made a profit of almost £10 million in 2023, according to records posted at Companies House. ‌The company in question – Harbour 6 Ltd – was registered in 2020, the year before Raducanu shot to fame by winning the US Open as a qualifier. ‌She is identified as the sole director and the only employee of the company, ...

2 under-the-radar UK shares investors should consider snapping up

Two UK shares have caught the eye of our writer. She explains why investors should be taking a closer look at them. The post 2 under-the-radar UK shares investors should consider snapping up appeared first on The Motley Fool UK.

Liverpool transfers: Frankfurt finalise plans to replace €60m Reds target Willian Pacho

Eintracht Frankfurt have set a price tag of around €60m for Willian Pacho and they are making plans to add PAOK's Konstantinos Koulierakis as a replacement.

One small thing that can make the biggest difference to your family when you die

Most people who take out a life insurance policy do so for peace of mind, knowing their family will get a lump sum payout when they pass away. However, it could also provide a headache for grieving relatives, who can get caught out by unexpected tax bills and payout delays when they try to cash the policy in. Writing a policy into trust is one way ...

5% yield! This dividend stock could be great for my retirement

Our writer explains why this dividend stock appeals to her as she’s investing to build wealth to enjoy in the next phase of her life. The post 5% yield! This dividend stock could be great for my retirement appeared first on The Motley Fool UK.

Top 6 US industries where you can earn the most money

Measuring the True Cost of Trump Tax Cuts

Natasha Sarin, professor at Yale Law School, is the co-founder of The Budget Lab, which analyzes federal policy proposals for the American economy. She says that a full extension of the Tax Cuts and Jobs Act would cost the economy hundreds of billions of dollars over the next few decades.

‘My side hustle brings in £12k per year – without me even realising it’

The dream for many is to earn as much money as possible for the least amount of effort – spending their time with family or on the beach. Instead of trading your time for a wage, as with typical jobs, people who earn a so-called “passive income” do so with minimal input. More people have taken on “side hustles” – secondary jobs, often linked to hob...

Dozens arrested and thousands contacted after scammer site taken offline

Dozens of people around the world have been arrested after police disrupted a UK-founded website scamming victims on an industrial scale.

Jury selection in Trump hush money trial faces pivotal stretch as former president returns to court

WASHINGTON (AP) — Jury selection in the hush money trial of Donald Trump enters a pivotal and potentially final stretch Thursday as lawyers look to round out the panel of New Yorkers that will decide the first-ever criminal case against a former president. Seven jurors have been picked so far, including an oncology nurse, a software engineer, an information technology professional, a sales professional, an English teacher and two lawyers. Eleven...