A fifth of bereaved relatives face long delays to take control of loved ones’ finances, survey finds

Anguish of families in EIGHT-MONTH probate wait: A fifth of bereaved relatives face long delays to take control of loved ones’ finances, survey suggests Bereaved families are being forced to wait months to take control of loved ones’ finances, with one in 20 facing delays of more than 32 weeks The delay means some are … Read more

Actress Victoria Summer turned her finances around

Saving up: Saving Mr Banks actress Victoria Summer The best money decision that actress Victoria Summer ever made was cutting off her hair. Summer, star of Saving Mr Banks and Transformers: Age Of Extinction, was convinced by a photographer to get a pixie cut in 2012.  She says it propelled her career to new heights. … Read more

Boris Johnson refuses to rule out foreign aid cut to help ease ‘huge strain’ on public finances

Boris Johnson today signalled his intention to slash Britain’s foreign aid budget to help the nation’s domestic finances – as he agreed to pump billions more into the Armed Forces. The Prime Minister declined to reject reports  of plans to slash the UK’s commitment to spend 0.7 per cent of national income on overseas aid … Read more

OTS urges Rishi Sunak to raise Capital Gains Tax to repair finances

Rishi Sunak was warned against inflicting ‘economic self-harm’ today after the tax watchdog suggested middle-class savers and entrepreneurs should face a multi-billion-pound tax raid. The Treasury’s independent tax watchdog has recommended a major overhaul of the capital gains tax (CGT) regime on the sale of assets, which could triple the number of people hit by … Read more

10 ways to transform your finances during coronavirus lockdown

10 ways to transform your finances during the latest coronavirus lockdown By Laura Shannon, Financial Mail on Sunday Published: 21:52 GMT, 7 November 2020 | Updated: 22:03 GMT, 7 November 2020 We’re back in lockdown and it’s the perfect opportunity to tackle some financial priorities. Here are ten to get you started…  1. Create a … Read more

Mortgage holidays end: How to get your finances back on track

Mortgage holidays end next week: How to get your home finances back on track, even if money is still tight The government’s mortgage holiday scheme ends officially on 31 October Banks say they will continue offering support to hard-up borrowers Delaying mortgage payments further will damage your credit score By Will Kirkman For Thisismoney.co.uk Published: … Read more

Green money guide: How to make your finances greener

Caring about climate change and using your money to help rather than harm the planet is increasingly important to many of us.  Financial services companies have cottoned on to this and many more have begun to offer mortgages, loans and savings accounts and other products branded as ‘green’.  For example, a spattering of green mortgages … Read more

London: People in the capital are the least content about their finances in Britain, says study

Londoners are the least happy with their finances and have the worst ‘money wellness’ score in the country, according to a study. ‘Money wellness’ was ranked on a scale from 0-100 using a complicated aggregation index created by financial researchers. Those living in Yorkshire and the Humber were happiest ‘with their lot’ at an impressive … Read more

Britain borrows more in August amid worries over worsening household finances

Britons borrowed more on credit cards, loans and overdrafts last month compared to July and saved less, official figures revealed today, amid concerns household finances are increasingly under strain. Some £21.3billion more was borrowed by consumers in August, up from £20.9billion the month before, although repayments increased slightly, as borrowing and spending continued to return … Read more