Households are braced for damage to their homes and gardens amid the latest storm to hit the UK. This could cause yet another rise in home insurance claims and payouts but there is a storm definition that insurers can use to reject claims – the 55mph rule. It comes as the Met Office has issued … Read more
As Donald Trump was sworn in as the 47th president of the United States on Monday, only his family stood between him and the tech moguls, among them the three richest men in the world – Tesla’s Elon Musk, Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg. Not since Dwight Eisenhower’s post-war military-industrial complex has there … Read more
The government is set to scale-back its crackdown on non-dom status amid fears of a wealth exodus from the UK. The end of non-dom status in the UK was first announced under the previous Tory government but chancellor Rachel Reeves confirmed in her Autumn Budget that the new Labour government will continued with the policy. … Read more
Shares in Richemont jumped 15% on 16 January after the luxury group reported a strong holiday season, says Laure Guilbault in Vogue Business. Sales grew by 10% year on year in the fourth quarter of 2024. This not only marks a “return to growth” after a 1% decline in the previous quarter but may also … Read more
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