Business

One small thing that can make the biggest difference to your family when you die

Most people who take out a life insurance policy do so for peace of mind, knowing their family will get a lump sum payout when they pass away. However, it could also provide a headache for grieving relatives, who can get caught out by unexpected tax bills and payout delays when they try to cash the policy in. Writing a policy into trust is one way ...

Measuring the True Cost of Trump Tax Cuts

Natasha Sarin, professor at Yale Law School, is the co-founder of The Budget Lab, which analyzes federal policy proposals for the American economy. She says that a full extension of the Tax Cuts and Jobs Act would cost the economy hundreds of billions of dollars over the next few decades.

I'm retiring after 40 years as a fund manager and this is what I've learnt: Richard Buxton on life as a professional investor

Since the early 1980s, Buxton has done his very best to make money for investors at a string of investment houses.

US aid to Ukraine: Date of vote in Congress is set, what it means

The House of Representatives in the USA could approve funding for assistance to Ukraine as part of Speaker Mike Johnson's initiative as early as this week. However, this is not the only issue that congressmen will be considering. RBC-Ukraine explains when and what the House of Representatives will be voting on. The material was prepared using state...

Latest UK inflation fall matches Bank of England expectations, Bailey says

By Pete Schroeder WASHINGTON (Reuters) - British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be," Bailey said at an event in Washington hosted by the Institute of

Single ticket wins £5.2 million lottery jackpot

Single ticket wins £5.2 million lottery jackpot - The estimated jackpot for Saturday’s Lotto draw now stands at £3.8m.

What you need to know to reduce your car insurance

Car insurance premiums are on the rise but it’s still possible to get a good deal if you follow these tips.

Lloyds Bank warns customers after £1m lost to Taylor Swift ticket scam

Taylor Swift fans are thought to have lost £1m to fake ticket scams ahead of her upcoming Eras tour. Lloyds Bank has issued a warning to fans, saying that more than 600 of its customers have come forward so far to report being scammed. The figures were based on analysis of purchase scams reported by customers of the banking group in the year to Mar...

Calling all job hunters, these are the UK's happiest industries to work in

Time to start refreshing that CV.

President Joe Biden weighs in on WNBA pay disparity amid outrage over Caitlin Clark’s salary

President Joe Biden weighs in on WNBA pay disparity amid outrage over Caitlin Clark’s salary - Celebrities and basketball fans react in shock after Caitlin Clark’s first-year WNBA salary revealed

We endured a 48-hour journey from hell before my BA Gold Member status came to the rescue

The first hint our journey home from the Caribbean might not go as smoothly as planned came with an American Airlines (AA) email that popped into my inbox on the evening before our departure. “Adverse weather may affect your travel plans,” it warned sombrely, before explaining that predicted storms in Miami the next day could disrupt flights. It ad...

This is how much you'll spend on rent before buying your first home

Seriously grim.

'The Money Kings': History of US attitudes towards Jews, antisemitism

Daniel Schulman tells the story of German-Jewish immigrants who hit Wall Street, their impact on modern corporate finance, IPOs, anti-trust legislation, Zionism, and antisemitic conspiracy theories.

Why is Trump’s New York hush money trial not taking place on Wednesdays?

Why is Trump’s New York hush money trial not taking place on Wednesdays? - Judge Merchan hoping to keep midweek reprieve open amid hectic schedule to allow for break from proceedings and an opportunity to focus on other business

London house prices down five per cent — but one borough has bucked the trend

London house prices down five per cent — but one borough has bucked the trend - House prices fell almost five per cent across the capital, but some boroughs show signs of growth

Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt

Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt - From multimillion-dollar properties to luxury watches (and a replica signed Joe DiMaggio shirt), the former New York mayor and Trump attorney may have to part with some cherished items to pay his creditors, writes Kelly Rissman

Angela Rayner faces new questions over tax on homes

Angela Rayner is facing new questions about her financial affairs after it emerged that capital gains tax may be owed on another property. Ms Rayner, Labour’s deputy leader, insists that a house she sold for a large profit in 2015 was her main residence – which, if true, means her husband Mark Rayner should have paid capital gains tax on a property...

Top 6 US industries where you can earn the most money

Inflation falls - but what might it mean for interest rates?

The price of everyday things - mainly food - is now rising at the lowest level since 2021.

Royal Mail owner rebuffs bid from Czech billionaire Kretinsky

By Amy-Jo Crowley, Emma-Victoria Farr, Marek Strzelecki and Jan Lopatka LONDON (Reuters) -Czech billionaire Daniel Kretinsky is working on improving an offer for the owner of Britain's Royal Mail, a source with knowledge of the plans said on Wednesday, after his investment vehicle said it had made a non-binding bid this month which was rejected. Reuters reported earlier on Wednesday that

How much money do people your age usually save? See how you compare

How much are people saving each year, and how does that change depending on what stage of life they are in? A new study looked at how our emergency funds change over our lifetimes.

The median wealth per adult in European countries (Spain does not fare badly)

On this map, we can see how much personal wealth the average European adult has. Wealth is shown in US Dollars and includes both financial and non-financial wealth. Non-financial wealth mostly consists of land and real estate. The reason this map shows the median and not the average is that an average is usually skewed by the extremely wealthy. This results is an amount that is far higher than the wealth of most adults. In the case of the...

World faces permanently higher interest rates, warns Bank of England official

Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned. Megan Greene, an external member of the Monetary Policy Committee, said the last mile of slowing down the pace of inflation would be the hardest as she spoke during an event hosted by the IIF...

How Iranian banks ‘linked to Tehran’s military’ are still operating in London

Senior Labour and Conservative politicians are calling for two Iranian state-owned banks operating in London to be added to UK sanctions amid claims that ministers are not doing enough to counter Iranian activities in Britain

Rishi Sunak says Tories have ‘plan’ six times in 40-second interview

Rishi Sunak says Tories have ‘plan’ six times in 40-second interview -

There is a huge difference between my partner’s financial situation and mine. How can this be bridged?

I’m struggling with my relationship because there is a huge difference between my partner’s financial situation and mine. We’re both in our 50s, have been together for nearly three years and live apart. He – never married, no kids, great job – is very financially secure and has lots of spare money. I, however, as an older single parent, freelancing, some health problems, post-divorce and in a difficult economy, am absolutely skint! To the extent...

Cash for clutter: how to make money from what’s in the attic

One person’s rubbish is another person’s treasure, as they say, so you could make a chunk of cash by selling unwanted items cluttering your attic and cupboards. Coins, retro toys and games, old tech, books and magazines can all be sold, with some items possibly worth a lot more than you may think. Dig out old toys Toys don’t have to be 50 or 100 years old to be worth money. For example, Beanie Babies became a big collectible in the 1990s, and...

Crypto experts predict historic bitcoin price change after upcoming ‘halving’

Crypto experts predict historic bitcoin price change after upcoming ‘halving’ - The last halving four years ago preceded a five-fold price increase

‘My side hustle brings in £12k per year – without me even realising it’

The dream for many is to earn as much money as possible for the least amount of effort – spending their time with family or on the beach. Instead of trading your time for a wage, as with typical jobs, people who earn a so-called “passive income” do so with minimal input. More people have taken on “side hustles” – secondary jobs, often linked to hob...

These are the jobs with the largest gender pay gaps where women earn less than men

Is your industry one of them?

How to care for a Chinese money plant — 8 pro tips to keep them happy and healthy

The experts reveal how to care for a Chinese money plant correctly — including watering requirements and common problems to look out for

How much does YOUR supermarket charge for bags? Some now cost 40p... and even paper ones aren't always free

Shops have been required to charge at least 10p for plastic carrier bags since 2021, but some now cost four times that. How do supermarkets justify it - and are they making a profit?

7 Online Side Hustles Worth Your Time

Combat inflation and rising prices with an online side hustle. Here are some doable options that will be worth your time.

5% yield! This dividend stock could be great for my retirement

Our writer explains why this dividend stock appeals to her as she’s investing to build wealth to enjoy in the next phase of her life. The post 5% yield! This dividend stock could be great for my retirement appeared first on The Motley Fool UK.

Musk's £45bn payday goes to a vote just months after the deal was struck down in court

In a setback for Musk, 52, a Delaware judge ruled in January that this deal, which would be the biggest ever in US corporate history, should be voided.

Arrests made and thousands of victims contacted after scammer site taken offline

Arrests made and thousands of victims contacted after scammer site taken offline - Law enforcement agencies have arrested 37 suspects across the UK and around the world

Women reveal why they chose financial security over love

Women reveal why they chose financial security over love - ‘Don’t ever let a man or anyone limit your freedom,’ one person wrote

What to do with your pension at retirement: A five-step guide to sorting it out and generating a comfortable income for your old age

When it's time to stop work and enjoy retirement, you need to make the most of the money you have saved. That means turning pension funds into an income. We explain what you need to know.

£20k second income? Here’s my £5 a day strategy to get there

£5 doesn’t go as far as it used to, yet with the right investment strategy I think it could build towards a yearly £20k second income. The post £20k second income? Here’s my £5 a day strategy to get there appeared first on The Motley Fool UK.

Co-operative Bank and Coventry near agreement on landmark £780m deal

The Co-operative Bank will this week move a step closer to regaining its mutual status when it announces that it has struck a £780m deal to be bought by the Coventry Building Society.

IMF moves to blunt Chinese debt deal delays with lending policy change

By Marc Jones LONDON (Reuters) -The International Monetary Fund's executive board has backed a key change to give it more freedom to support countries in crisis even if debt renegotiations with big creditor governments like China are still ongoing. The proposal is aimed at reforming what the IMF calls its Lending Into Official Arrears (LIOA) policy, a framework that determines if and when it can

Australia rises to second in world budget management rankings, IMF data shows

Australia’s overall budget balance is the second strongest among G20 nations, behind only Canada, according to the International Monetary Fund’s latest fiscal monitor. The IMF’s half-yearly update, released on Wednesday night, found Australia’s overall budget balance came in at -0.9% of gross domestic product in 2023, with only Canada’s budget position (-0.6%) faring better. Australia has shot up the rankings in the latest data, having placed...

I'm an Isa millionaire: Here are my top tips for building a chunky tax-free pot

Our reader Mr H is one of the lucky few with an Isa worth over £1m and has shared how he became an Isa millionaire and his top tips for increasing your pot.

Money pours out of Liontrust as investors quit UK shares

Money pours out of Liontrust as investors quit UK shares -

The average salary you can expect in the UK based on your age (and how to get it)

Want a pay rise?

Emma Raducanu’s company posts £9.6m profit mostly through commercial endorsements

Emma Raducanu’s registered company made a profit of almost £10 million in 2023, according to records posted at Companies House. ‌The company in question – Harbour 6 Ltd – was registered in 2020, the year before Raducanu shot to fame by winning the US Open as a qualifier. ‌She is identified as the sole director and the only employee of the company, ...

We're fund managers and these are the six big investment lessons we've learnt over the years

We asked six of Britain's foremost investment managers to share the most important ones they've learnt.

Average net worth of Americans by age — see how you compare

Forget gold! I’d rather buy these 3 FTSE high-yielders in a Stocks and Shares ISA

Gold looks like a risky investment to me as the price hits an all-time high. I'm ignoring the fuss to focus on filling up my Stocks and Shares ISA. The post Forget gold! I’d rather buy these 3 FTSE high-yielders in a Stocks and Shares ISA appeared first on The Motley Fool UK.

PS5 Slim price cut to under £430 at Amazon and Very

Sony's PS5 Slim console has once again received a price cut, with new offers on the disc and digital versions.