CashNews.co Online giant Amazon has announced a pay rise for its operational staff. The minimum starting pay for frontline operations employees will increase to between £13.50 and £14.50 an hour, depending on location. For those with 36 months’ service, the increase will be to between £13.75 and £14.75 and hour. Amazon said the increase was […]
CashNews.co Growth in the UK’s services sector picked up pace last month as businesses felt the benefits of falling borrowing costs and post-election political stability, according to a new survey. Some firms said their customers were more willing to spend after noticing a lull in decision-making earlier in the summer. The S&P Global UK services […]
CashNews.co Moves to slash the amount of compensation offered to bank customers who fall victim to fraud have been slammed as “outrageous” by consumer campaigners. Finance regulators and the government are understood to be drawing up proposals to reduce the maximum compensation available to victims from £415,000 to £85,000 in a move that would protect […]
CashNews.co The new full state pension could rise by more than £400 per year, it has been reported. The Treasury’s internal working calculations, reportedly seen by the BBC, revealed the pension could be boosted as a result of April’s triple lock. Changes would take the full state pension to around £12,000 in 2025/26, after the […]
CashNews.co iStock; Rebecca Zisser/BI Markets expect deep rate cuts in the next year, but that could be tough news for earnings, Trivariate Research says. Steep rate cuts from the Fed would mean the economy is weakening. An economic slowdown could mean higher unemployment and diminished pricing power for companies. Markets are eagerly awaiting rate cuts, […]
CashNews.co Martin Lewis’ Money Saving Expert team has warned about a key change affecting Halifax and Lloyds mortgage borrowers. The group has warned customers that the two banks are changing their policy so you can only lock in a new rate up to four months ahead of when your current deal ends, rather than up […]
CashNews.co New rules will come into this force affecting all UK bank users and helping protect access to cash. From September 18, the Financial Conduct Authority (FCA) is bringing in its new Access to Cash policy, which requires banks to ensure adequate provision of cash machines and other means of accessing cash for Britons. The […]
CashNews.co The Financial Times has published key financial updates, though Reuters has not verified the accuracy of these reports. Top headlines include: – SNP reveals £500 million in cuts, indicating a new austerity era for Scotland. France’s TotalEnergies is investing $444 million in solar projects with Adani. UK regulators plan to significantly reduce the […]
CashNews.co Labour ministers could be eyeing up changing the eligibility rules for the state pension in efforts to keep the payments affordable. Chancellor Rachel Reeves has already said there is a £22billion funding blackhole the Treasury needs to account for ande Prime Minister Kier Starmer has warned of a ‘painful’ Autumn Budget, raising concerns Labour […]
CashNews.co As we get back from our summer holidays and head into September, removals season kicks off again. In fact, last Friday was apparently the most popular day of the year to move house. The cost of a move can top £2,000 – and if this is coming on top of the ruinous cost of […]