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Britain is “bumbling” into the New Year, says Eshe Nelson in The New York Times. Consumers are “downbeat” after “disappointing economic news”. Worries about inflation persist, with the Bank of England (BoE) not expecting a sustainable return to the 2% target until 2027. As a result, the Bank has been cautious, cutting rates by only … Read more

Wages outstripped house price growth last year resulting in a “modest improvement” in affordability for buyers, according to mortgage lender Nationwide. Despite this, the average first-time buyer in the UK is still paying five times their annual salary when purchasing a property. This is significantly higher than the long-term average of 3.9 times earnings. Although … Read more

Two of the biggest trends in technology right now are the rise of “clean tech” – that is, technology designed to lower carbon emissions and other pollutants, especially from electric vehicles (EVs) – and AI. As well as disrupting a score of industries, these trends have also given a massive boost to the demand for … Read more

One of the most controversial areas of the financial technology (fintech) sector is buy-now-pay-later, or BNPL. Like traditional consumer financing schemes, BNPL allows a firms’ customers to buy goods without paying for them upfront; the company essentially lends them the purchase price. However, instead of the company having to provide the capital, and take on … Read more

We’re often told to save more for retirement, but have you ever stopped to think about how your pension pot compares to your peers? Is your pension wealth keeping up with the Jones’s? How does your nest egg stack up against people of a similar age to you? Saving for retirement can be difficult when … Read more

Shares in Netflix have soared to an all-time high after the company unveiled strong fourth-quarter results on 21 January. The share price opened almost 15% higher today (22 January), just shy of $1,000. Investors have been buoyed by a sharp increase in the number of subscribers in the final quarter of the year, as well … Read more

Shareholders in the Herald Investment Trust (LON:HRIL) have voted against Saba Capital’s proposals to remove the trust’s current board. A total of 26.4 million votes – 65% of total votes cast – were against Saba’s requisitioned resolutions, which sought to replace the investment trust’s leadership with its own appointees. Herald is the first of seven … Read more

The misery of applying for pension tax refunds has been dragging on for a decade – but the end may be in sight after HMRC announced it will reform the system from April. Thousands of retirees are overtaxed on their pension withdrawals every year, and must try to get a refund from HMRC. A massive … Read more

The value of assets under management (AUM) by global exchange-traded funds (ETFs) has surpassed $15 trillion, according to research from ETF issuer HANetf. Depending on how you measure it, there are two different stories to tell about the ETF market. Data from interactive investor suggests that ETFs fell in popularity, relative to alternative products, late … Read more