money
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The tax burden in the UK “will likely stay at its 70-year high for decades”, the Institute for Fiscal Studies reports. Speaking to The Telegraph, Paul Johnson, its director, warned that factors such as rising health spending, people living longer, the pensions bill and a need to increase defence spending would make it harder to bring…
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Vodafone and Three UK have pledged to cap their lowest-cost mobile plans at £10 for two years to try and convince the UK’s competition watchdog to approve their £15bn merger. The Competition and Markets Authority (CMA) has been investigating the mega-deal since it was announced last summer, and could choose to block it if it…
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Baked beans are a staple of British cuisine, with a reported two million tins eaten every day – but which should you reach for to get the best taste? In what might come as a surprise to some, Aldi’s own-label baked beans have come out top in a blind taste test by Which? experts –…
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Reality star Gemma Collins has urged the nation to “pay attention” to their pensions after revealing she did not have one – until today. The 43-year-old TV personality has joined a campaign encouraging people to take stock of the funds they will have later in life. She told Sky News: “I myself haven’t got a…
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It’s likely to be one of the last few days that Burberry is included in the list of 100 most valuable companies on the London Stock Exchange – the FTSE 100 – and this morning the British fashion retailer is the biggest loser of the index. Its share price is down 1.69%, the most of…
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Heinz has announced its first pasta product launch in a decade – a canned version of the beloved Italian dish spaghetti carbonara. People’s takes on carbonara can sometimes stir up controversy online – cream or no cream? Pecorino or parmigiano? Only egg yolk or also egg white? But Heinz says it has “come to the…
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Two big UK supermarkets have announced they’re cutting prices on hundreds more products – with one aiming a “big bazooka” at its rivals. Online grocer Ocado said 450 more of its products were being reduced in price by an average of 17% from yesterday. Meanwhile, Morrisons announced it was lowering the price on more than…
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The boss of JD Wetherspoon has rejected calls for a limit on pre-flight drinking at airports after Ryanair chief executive Michael O’Leary called for the move to tackle disorder on flights. Mr O’Leary said passengers should be limited to two drinks to crack down on antisocial behaviour and violence. But responding to the call today,…
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Openly discussing how you split your finances with your partner feels pretty taboo – even among friends. As a consequence, it can be difficult to know how to approach these conversations with our partner or what is largely considered fair – especially if there’s a big imbalance salary-wise. Research by Hargreaves Lansdown suggests in an average household…
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The Lao central bank, the Bank of the Lao PDR (BOL), is set to further increase interest rates to alleviate inflationary pressures currently affecting the economy. The bank’s Monetary Policy Committee has decided to raise the interest rate on Lao currency kip from 10 percent to 10.5 percent per year. The interest rate on foreign…
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Most investors have probably heard of Bill Gates, best known as a billionaire philanthropist and co-founder of Microsoft (NASDAQ: MSFT). After heading up the technology company he founded for more than 25 years, the former CEO stepped down to focus on his charity work. Gates is worth an estimated $132.6 billion (as of this writing), according to…
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Parents may struggle with the cost of school uniforms this year, figures suggest. Half of UK parents say school uniforms and supplies are either very or too expensive, a Loqbox survey found. Another survey conducted by Moneyboat found parents spend on average £122 on school uniform, rising to £150 in London. Parenting coach Isobel Mary Champion…
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The energy price cap limits what utility companies can charge customers for a daily standing charge and each kilowatt-hour of gas and electricity they use. Regulator Ofgem releases the cap quarterly and estimates how much the average household would typically pay over a year at the new unit price. This figure, £1,717, assumes a household…
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Nutella ice cream is making its UK debut. The Ferrero Group is first selling the flavour in Morrisons, with a wider rollout planned for later this year. You can expect £1.8m-worth of marketing on TV, social media and other avenues to support the launch. Abolishing the two-child benefit cap is unaffordable due to an unexpected increase in…
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The Minister of Power, Adebayo Adelabu, has said that the majority of Nigerian manufacturers, industries and other bulk electricity users have boycotted the country’s national grid over a lack of trust and confidence. The minister disclosed this on Thursday in his speech at the retreat of the board of the Nigeria Electricity Liability Management Company…
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Wine consumption in Nigeria declined by 9 percent to 31.5 million liters in 2023 from 34.7 million in 2022 amid inflation. This is according to a recent report by Euromonitor International. The data shows that the decline in the consumption of wine is not unconnected to the country’s inflation which stood at 33.40 percent in…
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