The highly regarded crypto exchange FTX, and the darling of the venture capital world, has collapsed and filed for bankruptcy. After only recently being valued at $32 billion.
Finimize, the app and newsletter providing easy-to-digest tips and news on investments has been acquired by asset management group abrdn (formerly Standard Life Aberdeen). The purchase figure has not been disclosed.
A higher price cap on energy bills takes effect today, which could see the average household energy bill increase by £139 per year. It is thought around 15 million homes are affected across England, Scotland and Wales.
For an undisclosed amount, JP Morgan Chase has acquired Nutmeg, the UK digital wealth manager.
A new government scheme to help first-time buyers get on the housing ladder has been launched, with high street banks now offering mortgages with just 5% deposit.
PensionBee, the app making it far easier for you to manage your pension has said it’s going to enable it’s customers to participate in it’s upcoming initial public offering (IPO) – which is where a private company becomes public and lists it’s share for sale of the London Stock Exchange.
Robert Jenrick, the Housing Secretary, has today announced that an extra £3.5bn will be used to remove cladding on high-rise buildings. And only on high-rise buildings above 18metres, and only on cladding, not other fire safety concerns.
Firms such as Klarna and Clearpay are now facing stricter controls from the Financial Conduct Authority (FCA), who will now be responsible for regulating the sector. That means more checks on the customer when they choose to use these services.
Could it be time for you to move out of London? We've run the numbers and worked out how much you could save by moving out of London to all regions of the UK, whether you're renting or a homeowner (both mortgage repayments and house prices). Check it out below.
The latest UK inflation figures show that inflation has gone up 0.6% in the year December 2019 - December 2020. It is a sharp rise compared to the November figure of 0.3%.
We are now living in a society in which we use cash less. Transactions are electronic. With the unwillingness to touch other peoples’ possibly Covid infected money, we have leapt into a cashless society.
The Prime Minister, Boris Johnson is planning to cut the £20 a week extra universal credit for 6 million families. It was introduced during the first Coronavirus lockdown to help millions falling into poverty.
It is great to announce some good news in these grim times. Robert Jenrick, the government Housing Secretary is proposing new laws to scrap ground rents for millions of households, and give them a new right to extend their lease to 990 years at a far cheaper cost.
In 2020 we either ended up with less money, as the pandemic caused us to lose our jobs, or we ended up with more as we didn’t go out socialising, going on holidays or just go shopping for the fun of it.
With Covid vaccinations now being rolled out across the UK, the government is hoping that people will be able to visit the high street shops, bars and restaurants without spreading the virus. Businesses will be able to get back to normal and they won't have to make redundancies.