Treasury lifeline to savers facing financial difficulties due to virus

Treasury throws a lifeline to savers facing financial difficulties due to Covid-19 by reducing exit fees By Sylvia Morris For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 23:35 BST, 5 May 2020 Savers facing financial difficulties due to Covid-19 have been thrown a lifeline. In a welcome move, HM Treasury has … Read more

Financial advisers offer free half-hour chats to over-50s

Fifty financial advisers team up to offer free half-hour sessions to over-50s with money troubles in cororavirus crisis You can book a ‘no strings attached’ call with a regulated financial adviser at emergencyfinancialadvice.org You can also read answers to common questions and email your own to the site  Service was launched by William Burrows of … Read more

Boris Johnson’s daughter Lara, 27, admits she’s ‘uncertain about future financial prospects’

Boris Johnson’s daughter Lara, 27, admits she’s ‘uncertain about future financial prospects’ as she spends lockdown with her boyfriend and her family at their £1million country home Lara Johnson-Wheeler, 27, is the eldest daughter of the PM and Marina Wheeler  She is isolating at the family’s £1million home in Thame, Oxfordshire Wrote an article for … Read more

ALEX BRUMMER: Britain stares into the financial abyss under lockdown

Damage done to Britain’s prosperity by the severity of the lockdown is terrifying. It has not been made any easier by the wilful destruction of the country’s smaller enterprises, which are the backbone of the economy, by the pathetically slow efforts of banks to get emergency loans out of the door and support output. Just … Read more

UK universities face £2.5bn financial ‘blackhole’ due to 230,000 drop in student numbers

Universities could face a £2.5 billion funding ‘black hole’ amid predictions that 121,000 fewer students from abroad will enter higher education during the coronavirus pandemic, a report has warned.  Tens of thousands of jobs risk being lost if the Government fails to take urgent action to mitigate the impact of the crisis, according to research … Read more

One third think their household will need financial support from taxpayers in next three months

One third of people think their household will need financial support from taxpayers in next three months Research firm Kantar surveyed more than 1,100 Brits after Covid-19 outbreak  44% of workers say they fear their job is less safe than it was 12 months ago But six in 10 believe the Government is handling the … Read more

Researchers call on governments to provide more financial help amid fears suicide rates will rise

More than 40 experts from around the world are calling on governments to give ‘urgent consideration’ on how to prevent suicide amid the coronavirus pandemic.  There is a growing concern about the far-reaching impact the pandemic may have on people’s mental health, with consequences ‘likely to be present for longer and peak later’ than the … Read more

Self-employed and small firms are being denied vital financial support

The country has now been in lockdown for a month and the Government has tabled an unprecedented support package for businesses, worth hundreds of billions of pounds. But some workers are still worried they will lose their jobs and business owners are still fearing collapse. Today, Money Mail shines a spotlight on the cracks where … Read more

Initiative aimed at improving financial education among young children extended online

Initiative aimed at improving financial education among young children extended online in response to coronavirus school closures By Jeff Prestridge, Financial Mail on Sunday Published: 21:54 BST, 18 April 2020 | Updated: 22:21 BST, 18 April 2020 An initiative aimed at improving financial education among young children will be extended online this week in response … Read more