Tag: thisismoney

Ministers have temporarily withdrawn the proposal to slash maximum parking fines from £100 to £50

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Drivers will continue to face parking charges of up to £100 after the Private Parking Code of Practice was temporarily withdrawn by minsters pending review earlier this month. The introduction of official guidance on the code of conduct for operators has been delayed after parking firms launched legal action to challenge the proposal. Several private parking … Read More “Ministers have temporarily withdrawn the proposal to slash maximum parking fines from £100 to £50” »

Is it time for investors to be greedy when others are fearful yet? 

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Inflation at 9.1 per cent, ouch. That’s the official CPI figure, as revealed by the ONS yesterday, but many of our readers may consider the rise in the cost of living to be even more acute. For example, some favour the now non-official statistic but still used RPI measure, which was a stonking 11.7 per … Read More “Is it time for investors to be greedy when others are fearful yet? “ »

Why you should avoid plug-in hybrids and buy an electric car

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Electric car expert Fiona Howarth says hybrids have already run their course, she explains why here With new petrol and diesel cars set to be banned from sale in 2030, there’s no doubting that the Government intends for the future of motoring to be electric. But the combustion engine won’t be completely outlawed for passenger … Read More “Why you should avoid plug-in hybrids and buy an electric car” »

ALEX BRUMMER: Marks & Spencer must not vandalise the Arch 

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Don’t vandalise the Arch: M&S would be demolishing its own heritage if it tears down its flagship Oxford Street store, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 18:33 EDT, 21 June 2022 | Updated: 18:33 EDT, 21 June 2022 The final straw for the Luc Vandevelde and Roger Holmes regime at … Read More “ALEX BRUMMER: Marks & Spencer must not vandalise the Arch “ »

Is your funeral plan safe? Thousands are at risk of losing large sums

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Fears are growing that tens of thousands of elderly customers could lose vast sums of money after buying unregulated funeral plans. The plans cost between £3,000 to £4,000 and firms promise to give people peace of mind that their loved ones will not be hit with a big bill when they die. But providers face … Read More “Is your funeral plan safe? Thousands are at risk of losing large sums” »

Should we save 12% of salary towards a pension?

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Business News

Workers should save at least 12 per cent of their salary towards a pension and employers should stump up half of that, according to a 10-year plan from a top industry body. The current auto-enrolment minimum is 8 per cent of salary – with individuals contributing the biggest share – but some finance experts warn … Read More “Should we save 12% of salary towards a pension?” »

Outgoing B&M boss Simon Arora lands a £5m pay bonanza

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Outgoing B&M boss Simon Arora lands a £5m pay bonanza – 270 times as much as the average employee By Daily Mail City & Finance Reporter Published: 18:40 EDT, 21 June 2022 | Updated: 18:40 EDT, 21 June 2022 Departing B&M boss Simon Arora was paid £5million last year, the company’s annual report revealed. That … Read More “Outgoing B&M boss Simon Arora lands a £5m pay bonanza” »

Mortgage affordability test to be axed by the Bank of England

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The Bank of England will axe a key mortgage affordability guideline designed to prevent people from financially overstretching. Following its latest review of the mortgage market, the central bank’s Financial Policy Committee has confirmed that from 1 August the affordability stress test making lenders pit borrowers’ finances against their high standard variable rates plus 3 … Read More “Mortgage affordability test to be axed by the Bank of England” »

ALEX BRUMMER: Bitcoin is proving an unsafe haven for difficult times

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Crypto’s perilous descent: Bitcoin is proving a distinctly unsafe haven for difficult times, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 16:50 EDT, 20 June 2022 | Updated: 17:50 EDT, 20 June 2022 Regulators often have warned about the risks to consumers of exposure to bitcoin and other crypto currencies. But it … Read More “ALEX BRUMMER: Bitcoin is proving an unsafe haven for difficult times” »

Loyal insurance customers still being hit by huge price hikes

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Business News

Money grab: Many victims of this great insurance betrayal are elderly, trusting, not as financially savvy as others in terms of challenging companies over premiums The Mail on Sunday today calls for an urgent inquiry into the insurance market by the City watchdog after we uncovered evidence of a shocking betrayal of loyal customers. New rules … Read More “Loyal insurance customers still being hit by huge price hikes” »

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