Savings rates slashed by nearly two thirds during pandemic

Already pitiful savings rates have been slashed by nearly TWO THIRDS during the coronavirus pandemic and continue to set record lows Average savings rates have been slashed for the fifth consecutive month Coronavirus pandemic has seen fewer savings options available Easy-access accounts tumbled from 0.56% in March to 0.22% this month  By Grace Gausden For … Read more

Aston Martin unveils 007-spec versions of its Vantage and DBS Superleggera

Aston Martin has taken advantage of its close connection to the James Bond franchise to launch two new limited edition cars to celebrate the curtain raising of the latest 007 movie later this year. Aston Martin’s own ‘Q’ division – named after the famed gadget branch of Britain’s secret service in the films – has … Read more

Why does my friend get a bigger state pension when I earned more?

This is Steve Webb’s 200th pension column for This is Money. Look out for special coverage this week about Steve’s time as our agony uncle, and all he has done to help readers. I started to take my state pension in August 2018 at the age of 65 years. I am getting £666.52 per 28 … Read more

Is it worth swapping a buy-to-let for a holiday let?

As foreign travel is curbed and staycations become more popular many investors are eyeing holiday lets as a potentially lucrative safe haven for their cash. Fears of snap travel bans and quarantine rules have led to a boom in UK tourism as holidaymakers flock to Britain’s rural hotspots and beachfronts. This has led to a … Read more

Business owners could be compensated for stamp duty

Business owners could be compensated for stamp duty payments blunder Business owners have been paying stamp duty when transferring property from multiple owners into Sipps However HMRC says that no stamp duty is payable on these transactions Thousands of customers may be owed compensation as a result  By Will Kirkman For Thisismoney.co.uk Published: 08:20 BST, … Read more

Eat Out feast brings in more diners than pre-lockdown

Restaurants more than a quarter busier than they were before lockdown on back of Chancellor Rishi Sunak’s Eat Out to Help Out scheme By Daily Mail City & Finance Reporter Published: 00:05 BST, 17 August 2020 | Updated: 00:05 BST, 17 August 2020 Restaurants have been more than a quarter busier than they were before … Read more

Flybe investors plan legal fight over 1p deal

Former Flybe shareholders preparing legal action over claims they were misled about airline’s performance before it was sold in cut-price deal Several dozen retail investors want a judge to decide if former directors put out inaccurate statements  The shareholders’ investments were wiped out after they received just 1p per share when it was sold in … Read more

Amazon creating 1,000 jobs at UK warehouse

Amazon creating 1,000 jobs at Nottinghamshire warehouse that will help manage renewed surge in online shopping triggered by lockdown By Daily Mail City & Finance Reporter Published: 21:52 BST, 16 August 2020 | Updated: 21:52 BST, 16 August 2020 Amazon is creating 1,000 jobs at a warehouse in Nottinghamshire that will help it manage the … Read more

RUTH SUNDERLAND: Soros and Buffett about to turn 90

RUTH SUNDERLAND: Health, wealth and freedom can vanish in an instant – George Soros and Warren Buffett (who both turn 90 this month) knew it all along and have grown wise and rich on the knowledge through their long lives Warren Buffett is the all-American investor, with deep and immovable Nebraskan roots  George Soros is the quintessential … Read more

Sanjeev Gupta adding French plant to Liberty Steel empire

Steel tycoon Sanjeev Gupta adding former British Steel plant in northeast France to Liberty Steel metals empire By Daily Mail City & Finance Reporter Published: 21:52 BST, 16 August 2020 | Updated: 21:52 BST, 16 August 2020 Steel tycoon Sanjeev Gupta will add a former British Steel plant in northeast France to his Liberty Steel … Read more