CashNews.co International students planning to study in the United Kingdom will face higher financial requirements from January 2025, following new rules announced by the UK Home Office. The changes, revealed on September 10, 2024, will see an increase in the amount of savings students must demonstrate when applying for a visa. Under the new guidelines, […]
UK fiscal sustainability at risk: Public finance watchdog #UKFinance
CashNews.co London, Sep 14 The United Kingdom’s public debt is projected to exceed 270 per cent of its gross domestic product (GDP) by 2070, according to a report published by the Office for Budget Responsibility (OBR). The projection is based on policy settings as of March 2024. In its latest Fiscal Risks and Sustainability Report, […]
Kyiv’s use of long-range missiles could escalate conflict, says ex-UK official #UKFinance
CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House UK Prime Minister Keir Starmer left Washington after talks with US President Joe Biden on Friday amid signs the US may be prepared to shift its position on the use of […]
Martin Lewis says switch to 7% savings account to get £175 payout | Personal Finance | Finance #UKFinance
CashNews.co Finance expert Martin Lewis has shared what he believes is one of the best banking deals at the moment, promising £175 free for switching as well as interest on your savings of seven percent. According to Martin Lewis, we should all consider moving funds to this “top” rated bank in order to get the […]
Cuts to UK workforce significantly slashes loss #UKFinance
CashNews.co Hellofresh significantly cut its pre-tax loss in the UK during its latest financial year. The UK arm of Hellofresh significantly cut its pre-tax loss as its turnover edged closer to the £500m mark and it cut 15 per cent of its workforce, it has been revealed. The London-based business has reported a pre-tax loss […]
FTSE, European and US stocks rise as bets ramp up on Fed rate cuts #UKFinance
CashNews.co US stocks jumped on Thursday as investors weighed fresh inflation and labor data against high-running expectations for a quarter-point interest-rate cut next week. The S&P 500 (^GSPC) rose 0.7% to close out its fourth consecutive winning session. The Nasdaq Composite (^IXIC) jumped around 1%, also in its fourth straight positive day, as it added […]
Salesforce, Next, Ocado, Kingfisher and FedEx #UKFinance
CashNews.co The week ahead is looking slightly quieter on the company earnings front, with the focus on interest rate decisions from the Bank of England and the Federal Reserve, but there are still plenty of key business updates to keep an eye on. Software giant Salesforce (CRM) is set to host its annual Dreamforce conference […]
Barclays struggling to sell stake in UK payments business, sources say #UKFinance
CashNews.co By Amy-Jo Crowley and Emma-Victoria Farr LONDON (Reuters) – Barclays is finding it difficult to sell a stake in its British merchant payments business due to diverging views on its valuation, four people with knowledge of the matter told Reuters, complicating the bank’s plans to revamp the unit. Brookfield Asset Management, which manages assets […]
Labour’s secret army urging Starmer to wage tax war on pensioners | Personal Finance | Finance #UKFinance
CashNews.co A secret army of left-wing think tanks are urging Labour to take ever more extreme tax measures. They’re advocating intergenerational warfare by targeting older people with a bit of wealth to their name. They claimed an early victory when Reeves axed the Winter Fuel Payment but they’re not going to stop there. Now they’re […]
Perceived barriers to financial advice deter 11m UK adults from seeking support #UKFinance
CashNews.co Mental wellbeing, better financial resilience and improved quality of life are the three key benefits of taking professional financial advice or broader financial guidance, a new study by St. James’s Place (SJP) reveals. However, perceived barriers, including people believing advice is simply not for ‘people like me’, are preventing up to 11 million people […]