UK Money

36% downbeat about home ownership

Many young people remain downbeat about their prospects of getting on the property ladder

The British love affair with home ownership is showing signs of cooling as many young people remain downbeat about their prospects of getting on the property ladder, a report has found.

Lifespan estimates 'need updating'

Experts will look at factors such as smoking, eating habits and socio-economic background when determining a person's approximate life expectancy

Retirees risk being misled by estimates proposed by ministers which would tell them when they are expected to die unless this information is regularly reviewed, a leading pensions expert has warned.

Africa money-transfer fees slammed

The families of Africans living in the UK are losing tens of millions of pounds a year, a report found

The families of Africans living in the UK are losing tens of millions of pounds a year because of the high cost of sending money home, according to a new report.

Pay rises overtake 1.6% inflation

The report warned that unless urgent action is taken to tackle youth unemployment, 10 years of young talent will 'fall between the cracks'

Average pay rises have outstripped CPI inflation for the first time in four years, sparking a fierce debate on whether workers are benefiting from the economic recovery.

'Shocking' rise in food banks use

There has been a "shocking" 163% rise in the use of food banks in the past year, according to the Trussell Trust

Almost a million adults and children received emergency supplies from food banks in the past year, a "shocking" rise of 163% on the previous 12 months amid rising living costs, low pay and welfare problems, a new report has revealed.

Transparency sought on fuel scheme

Ed Davey is seeking to assess the impact of fuel efficiency schemes on bills.

The Government has written to energy suppliers demanding more transparency about the impact of a fuel efficiency scheme on household bills.

Current account market probe urged

Consumer group Which? wants the current account market referred for a full-scale competition probe to tackle the problem of too few people switching banks

The current account market should be referred for a full-scale competition probe to tackle the problem of too few people switching banks, consumer group Which? has urged.

Inflation 'erodes savings accounts'

Only around one in five savings accounts on the market pays enough interest to beat inflation

Only around one in five savings accounts on the market pays enough interest to beat inflation, despite the better news for households that the squeeze on their finances is easing.

House prices rising across the UK

House prices are rising across the UK, figures suggest.

House prices are now rising "strongly" across most parts of the UK after official figures showed values leapt 9.1% year-on-year to a new average high of £253,000.

Inflation fall raises pay hopes

The CPI is thought to have fallen to a new four-year low last month

Inflation fell for the sixth month in succession in March paving the way for an end to the prolonged squeeze on wages, official figures showed today.

Retail sales down for second month

Like-for-like sales fell 1.7% in March compared with the same period in 2013, figures from the British Retail Consortium show

High streets suffered a second month in a row of falling retail sales last month but a better performance from clothing put a silver lining on the gloom.

Extra council tax bands 'fair'

Nick Clegg says extra council tax bands are a workable alternative to a 'mansion tax'

Liberal Democrat plans for extra council tax bands covering high-value properties will be seen as "quite fair" by those in homes worth more than £2 million forced to pay the additional charge, Nick Clegg claimed.

Figures may end 'squeeze on pay'

Experts believe inflation figures may signal the end on the squeeze on pay.

A sixth consecutive fall in the rate of inflation is expected to herald an end to the prolonged squeeze on real wages when official figures are published tomorrow.

Aberdeen 'sees spare income boost'

Households in Aberdeen are £2,825 better off than they were in 2007, a study by  UHY Hacker Young found.

Aberdeen has seen the sharpest rise in disposable income in the UK since the recession thanks to historically low interest rates and the high price of oil, research found.

Zero hours contracts 'exploitative'

Labour MP Ian Davidson says zero hours contracts should be abolished

Zero hours contracts should not be used by employers in most cases, according to a committee of MPs which voiced alarm at what it sees as the increasing use of casual labour across the UK.

Millions 'on financial knife edge'

Many families would lose their homes if the main earner became unemployed

Almost four million families with children would be just one pay cheque away from losing their home if they lost their job, charity Shelter has warned.