By City & Finance Reporter Updated: 21:50, 16 August 2024 Gold prices have risen to an all-time high. The precious metal topped $2,500 an ounce for the first time as factors ranging from a weaker dollar to growing expectations for a US interest-rate cut in September bolstered demand. The dollar slipped against a host of
Employers can now help borrowers pay off student debt Student loans have become a $1.8 trillion burden for millions of Americans. A new law signed by President Biden may help borrowers pay off their loans while saving for retirement. Bloomberg – Quicktake Did you wake up to an email on Friday stating your student loans
Vulnerable people across the UK are falling into debt with loan sharks every year, with recent data showing as many as three million have used illegal lenders in the past year alone. In many cases, people don’t sign paperwork and are then left paying the price. Some are left paying far more interest than they
By John Abiona Updated: 22:04, 14 August 2024 Shares in Britain’s housebuilders rose as a smaller-than-expected rise in inflation fuelled hopes of further interest rate cuts this year. In a boost for millions of borrowers with mortgages, consumer price increases of 2.2 per cent in the year to July was less than the 2.3 per cent pencilled
Sadiq Khan is plotting to impose rent controls in London in a move that could slash landlords’ incomes by thousands of pounds a year. The Mayor is poised to ask the Government for powers that will allow him to regulate the capital’s rental market, The Telegraph understands. It comes as competition for private rented housing
Experts are reminding Britons “to be quick to grab” the best savings account as deals with higher interest rates are being withdrawn from the market. High street banks and building societies, including Nationwide, NatWest and Royal Bank of Scotland, are taking action after the Bank of England’s decision to slash the base rate earlier this
Zheng revealed that the 9958 Project, which is designed to help children with severe illnesses, is one of the most “resourceful” initiatives within the foundation. Lei, who is now under investigation by the authorities, was head of the project for central China, in charge of Henan and Hubei provinces, reported The Paper. It is unclear
Retirees are facing “significant delays” in accessing their pension savings, according to experts. Research conducted by My Pension Expert is sounding the alarm over the waiting times for pension transfers between providers. Data from over 5,163 pension transfers in the 2023/24 financial year found Britons waited 28 days on average for ceding companies to move funds
A benefits cheat has confessed to failing to tell the Department for Work and Pensions he was earning thousands of pounds he was ineligible for. Stewart Gray, 49, who lives in Onchan on the Isle of Man, had been on Income Support – but neglected to tell the DWP about a side gig as a
RUTH SUNDERLAND: Labour waging war on the wealthy
Wealthy likely to quit UK if Rachel Reeves forges ahead with barrage of taxes Costs to wider society of squeezing the rich: some of them create jobs Driving such people away is inimical to growth agenda Reeves claims to pursue By Ruth Sunderland for the Daily Mail Updated: 21:50, 11 August 2024 Big ideas: Chancellor