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Millions of millennials won’t be able to retire without help from parents

Nearly six million millennials are relying on their parents’ wealth to fund their own retirement, research suggests. Four in ten of those between the ages of 28 and 43 say that they will not be able to retire without financial support from their parents, a survey found. More than half say that cash from their parents will be their only source of in...


Asian stocks mixed as markets wait for China policy briefing

Asian stocks mixed as markets wait for China policy briefing - Asian stocks were mixed on Friday as Chinese markets declined amid investors' attention on a key briefing about the details of the upcoming stimulus plan this weekend


Meet the Gen-Zers who’ve finally saved a house deposit – but can’t afford the mortgage payments

Meet the Gen-Zers who’ve finally saved a house deposit – but can’t afford the mortgage payments - IN FOCUS: A new study suggests Gen Z will face mortgage payments twice as high as those paid by previous generations. Katie Rosseinsky speaks to the young people affected, and hears from buyers who faced a very different situation in the Noughties


25 Times Celebrities Proved to Be Impeccable at Business

From popular clothing brands to owning sports teams!


What business expenses can self-employed people write off against tax? HEATHER ROGERS explains

All tax practitioners have at some point had a client who happily asserts that someone they know claims 'everything', and then had the unenviable task of putting the increasingly crestfallen client straight.


What are the mortgage options for borrowers in later life?

What are the mortgage options for borrowers in later life? - With some people facing the prospect of borrowing into their retirement, a banking expert explains some of the options available.


UK economy returns to growth

The UK's economy grew by 0.2% in August, according to official figures.


Taco Bell returns to profit ahead of administration woe

The UK and European arm of Taco Bell returned to profit in 2023 ahead of one of its franchise partners entering administration. The Surrey-headquartered division has reported a pre-tax profit of $2.2m (£1.6m) for 2023. The total comes after Tac Bell reported a pre-tax loss of $1.8m (£1.3m) for 2022. Newly-filed accounts with Companies House [...]


2 of my favourite bargain penny stocks in October!

These two penny stocks look dirt cheap across a variety of different metrics. Royston Wild explains why they could be sensible options for cautious investors. The post 2 of my favourite bargain penny stocks in October! appeared first on The Motley Fool UK.


Argentina's triple-digit inflation slows, but cash-strapped workers struggle to pay bills

By Horacio Fernando Soria BUENOS AIRES (Reuters) -Argentina's triple-digit inflation, among the world's highest, is starting to slow but this offers little relief for residents whose salaries have stayed the same while costs of basic goods sky-rocketed and the government slashed state subsidies. "We're losing track of what's expensive and what's cheap," said university professor Daniel Vazquez


Sterling pinned near one month low after British GDP data

LONDON (Reuters) - The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain's economy returned to growth in August. Sterling was last flat on the day on the dollar at $1.3069, just off the $1.3011 hit Thursday, its lowest since mid Sept. It was also flat on the euro, at 83.70 pence to the common currency. Economic output rose by


Why the coins in your pocket make you a Roman

“This is two thousand years old,” my father reminded me as he placed the small silver disc in the palm of my hand. It was still gleaming, cool to the touch, no bigger than a penny. My young mind could not possibly comprehend such an expanse of time. This coin was older than both world wars, older than Shakespeare, and had already existed for a mill...


11 things which cost less than £1 in 1994 – and how much they are now


Small businesses raise alarm over tax raid on AIM market

Companies including mixer maker Fevertree, travel firm Jet2 and Mothercare have written to the Chancellor, urging 'clear support' for business relief on inheritance tax.


Struggling with numbers was the first warning sign of my brother’s dementia


I spent £50 on hair clips and now have a six-figure business

Don’t be a perfectionist, just take action, and you will learn as you go along.


TD Bank accepts $3B fine over money laundering

The US retail bank pleaded guilty to multiple criminal charges


What tax rises might be announced in Labour's 'painful' Budget this month?

Keir Starmer has told the UK to prepare for unpleasant news on October 30.


10 highest-paying side hustles and how much they can earn you


Six ways to get a cheaper NHS prescription

Prescriptions for medication are a necessary but costly expense. That is, if you live in England; currently if you are under the health service in Scotland, Wales or Northern Ireland prescriptions are free. For those in England under the NHS, the cost of prescriptions has risen to £9.90 per item. Fine as a one-off, perhaps, but if you are in need o...


First-time buyers spend £350 more a month on mortgages than five years ago

First-time buyers are still paying significantly more on mortgage payments than they were five years ago, despite home loan costs falling in recent months.


Edmunds: The five biggest mistakes people make when buying a new car

Edmunds: The five biggest mistakes people make when buying a new car - Car-buying mistakes are easy to make, especially if you’re in a hurry or have fallen in love with a particular vehicle


The British are decent savers, but bad investors

Those Britons lucky enough to have spare cash, even after draining their pay cheques for rent, food and commuting expenses, are actually pretty good at stashing it away. Over 40 per cent of UK adults had savings above £10,000, according to a recent survey from the UK’s Financial Conduct Authority. The problem is a lot of it is sitting in bank accounts, growing slowly as prices ratchet higher with inflation. British households, and the economy,...


This is the average amount of money people have saved by their 30s

See how you compare.


South Korea’s central bank raises rates in a bid to boost the economy

South Korea’s central bank raises rates in a bid to boost the economy - South Korea’s central bank cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt


$1 Million for Retirement — Or a Longer Life?

A new study shows that 51% of Americans prefer adding $1 million to their retirement accounts over adding five healthy years to their lives. Many Americans believe they need a six-figure income to retire comfortably.


The average UK pension pot, and what makes a good one

If I’m looking to be financially secure in retirement, how much pension do I need? Planning for later life can be daunting, not least because you have to make decisions now for a retirement that could be decades away. By the time you reach that age, it’s highly likely you will stop working, meaning your income will drop significantly. Your lifestyl...


Before Retiring, Etsy CFO Shares Reflections

Etsy Chief Financial Officer Rachel Glaser has announced she'll retire in 2025, capping a career that included nearly two decades as a CFO. On Bloomberg Chief Future Officer, she tells Caroline Hyde why she's choosing to step down, and what the future holds for Etsy and the next CFO.


BlackRock Manages a Record $11.5 Trillion in Assets

BlackRock now manages an all-time high of $11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets. A deal to buy Global Infrastructure Partners is set to add another $116 billion in private market assets. Neil Sipes of Bloomberg Intelligence has more.


Green energy firms promise more than £24bn of new investment in Britain

The leaders of the world’s biggest green energy companies have promised more than £24bn of new private investment across Great Britain ahead of a meeting with the prime minister on Friday. Keir Starmer is expected to meet the green energy bosses on the sidelines of the first Council of Nations and Regions in Edinburgh to discuss the multibillion-pound projects just days before the government’s international investment summit next week. Starmer...


Do you want a £1,000 rainy day fund to sit alongside your pension?

The new easy-access cash fund would be created from increased pension contributions, and any surplus would be diverted into people's retirement pots.


Ukraine to receive additional loan of $300 million from Canada

On October 11, Ukraine’s Finance Minister Serhii Marchenko signed an agreement with the Canadian government for a loan of 400 million Canadian dollars (approximately 300 million USD). The funds will be allocated to finance priority expenditures in Ukraine’s state budget through the IMF's administrative account, citing Ukraine's Ministry of Finance....


20 celebrities who have made bank as business owners

Being famous doesn't always mean you're rich, but these 20 celebrities are both. And they didn't just earn money from their talent. They're also very successful business owners.


Should I take my pension tax-free lump sum before the Budget?

The tax-free pension lump sum is a key feature of retirement planning for millions of people who are budgeting for their future. If you are aged 55 or over, you are entitled to take up to 25pc of your private pension as a tax-free lump sum up to a maximum of £268,275. However, reports that the Chancellor is considering plans to slash the lump-sum l...


How to sell your buy-to-let property in 2024 – and pay less tax

Investors are fleeing the rental market following successive Government rule changes reducing profits, with worse possibly yet to come amid fears of capital gains being targeted in Labour’s forthcoming Budget, as well as the Renters’ Rights Bill which could make it more difficult to evict tenants. The number of buy-to-let properties for sale in Lon...


Row over claims Rachel Reeves could hike capital gains tax as high as 39%

Row over claims Rachel Reeves could hike capital gains tax as high as 39% - Chancellor has dismissed Budget speculation but fears are rising over a massive tax hike to fill a £25bn black hole in her plans


Canada is showing that it’s possible to have universal, affordable childcare. Is the UK brave enough to follow?

You can’t get much for £5.50 nowadays. A takeaway coffee and a muffin, maybe; a pint and a packet of crisps, outside London. But in parts of Canada, roughly that amount can buy you a day’s childcare. Or it can, at least, if you can find a nursery place. The country is now three years into a post-pandemic social experiment, offering parents heavily (and expensively) subsidised childcare for what is by envious British standards a staggeringly...


The super-rich claim they’ll flee to escape a Labour ‘tax grab’. Here’s an idea for how to stop them

They’re off! The millionaires are taking flight in droves, chased away by Labour’s budget plans. Day after day, rightwing thinktanks and media grow more demented in their attempt to frighten the wits out of the chancellor. “Number of millionaires in the UK to fall by a fifth,” warns the Times, echoing the Telegraph’s “Britain to suffer biggest exodus of millionaires in the world”, reporting the rightwing Adam Smith Institute’s “millionaire...


Turkey submits bill to raise $2 billion annually for defence fund

ANKARA (Reuters) -Turkey's ruling AK Party submitted a bill on Friday that would raise $2 billion annually for the country's defence industry fund, Abdullah Guler, chair of the party's parliamentary group said. The bill also contains new measures to support investment. Guler said the bill should raise 70-80 billion lira ($2 billion-$2.3 billion) annually for the defence industry fund, which is


UK bank Monzo valued at $5.9 billion in employee share sale

LONDON (Reuters) - British digital bank Monzo said on Friday employees had sold shares to a group of existing investors including Singapore's sovereign wealth fund, valuing the company at 4.5 billion pounds ($5.9 billion). The share sale follows a previous fundraise in March when Monzo raised 340 million pounds at a 4-billion-pound valuation. Monzo, which launched in 2015, is one of a handful of


Let's code a Digital Clock in Python! 🕒

#python #pythontutorial #pythoncourseforbeginners 00:00:00 pip install PyQt5 00:00:41 imports 00:01:57 class DigitalClock(QWidget) 00:02:59 if __name__ == "__main__" 00:04:48 setting up __init__() 00:05:29 initUI() 00:10:03 update_time() 00:12:47 custom font ## Python PyQt5 Digital Clock import sys from PyQt5.QtWidgets import QApplication, QWidget, QLabel, QVBoxLayout from PyQt5.QtCore import QTimer, QTime, Qt from PyQt5.QtGui import QFont, QFontDatabase class DigitalClock(QWidget): def __init__(self): super().__init__() self.time_label = QLabel(self) self.timer = QTimer(self) self.initUI() def initUI(self): self.setWindowTitle("Digital Clock") self.setGeometry(600, 400, 300, 100) vbox = QVBoxLayout() vbox.addWidget(self.time_label) self.setLayout(vbox) self.time_label.setAlignment(Qt.AlignCenter) self.time_label.setStyleSheet("font-size: 150px;" "color: hsl(111, 100%, 50%);") self.setStyleSheet("background-color: black;") ## Use a custom font ## font_id = QFontDatabase.addApplicationFont("DS-DIGIT.TTF") ## font_family = QFontDatabase.applicationFontFamilies(font_id)[0] ## my_font = QFont(font_family, 300) ## self.time_label.setFont(my_font) self.timer.timeout.connect(self.update_time) self.timer.start(1000) self.update_time() def update_time(self): current_time = QTime.currentTime().toString("hh:mm:ss AP") self.time_label.setText(current_time) if __name__ == "__main__": app = QApplication(sys.argv) clock = DigitalClock() clock.show() sys.exit(app.exec_())


There is a huge difference between my partner’s financial situation and mine. How can this be bridged?

I’m struggling with my relationship because there is a huge difference between my partner’s financial situation and mine. We’re both in our 50s, have been together for nearly three years and live apart. He – never married, no kids, great job – is very financially secure and has lots of spare money. I, however, as an older single parent, freelancing, some health problems, post-divorce and in a difficult economy, am absolutely skint! To the extent...


3 steps to turn a £20k ISA into a £5,418 yearly second income

With these three steps, out writer reckons he could earn a second income of over £5,000 annually in future by investing a £20k ISA now. The post 3 steps to turn a £20k ISA into a £5,418 yearly second income appeared first on The Motley Fool UK.


Are you wealthy? How much in income, cash, property and pensions does it take to be rich

High income families are still building wealth and tend to be younger than the asset-rich older groups, says Sarah Coles, head of personal finance at Hargreaves Lansdown.


France's belt-tightening budget aimed at regaining control over debt, says Finance Minister

PARIS (Reuters) - French finance minister Antoine Armand said on Friday that a belt-tightening budget was aimed at regaining control over a "colossal" debt, adding that the government was keeping a close eye on how financial markets viewed the French debt situation. "We must regain control over our debt," Armand told France 2 TV. On Thursday, the French government delivered its 2025 budget with


7 things you might be wasting your money on – and 4 you should pay more for


I’d drip feed £497 a month into a Stocks and Shares ISA to aim for a million

I think UK businesses like this strong performer can help me build towards a million-pound Stocks and Shares ISA over time. The post I’d drip feed £497 a month into a Stocks and Shares ISA to aim for a million appeared first on The Motley Fool UK.


‘I’m 66, divorced and enjoy the finer things – how can I boost my £220k pension?’

Recently divorced Jacqueline Beaumont is primed for a £220,000 pension settlement. What to do with the six-figure sum, however, is proving hard to nail down. The 66-year-old, who has aspirations of travelling in her retirement, is vying for short-term returns that can uphold her standard of living. With a state pension worth around £11,500 a year a...


Russian court orders seizure of $155.8 million in JPMorgan Chase funds in VTB lawsuit

MOSCOW (Reuters) - A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia totalling $155.8 million, court filings showed, as state-owned Russian bank VTB seeks damages over funds blocked abroad. The seizure was imposed on funds in any currency on all JPMorgan bank accounts, except those held in so-called type C accounts which cannot be transferred out of Russia


Labour is desperate for hope - the budget will be biggest test yet

Once again, the government's narrative on the economy is shifting.