Money

The ‘ruthless’ spending cuts that could save Britain from economic disaster

Ahead of the Budget, Rachel Reeves was clear: “There won’t be a return to austerity,” the Chancellor told BBC Radio 4’s Today programme. “There will be real-terms increases to government spending in this parliament.” It was a promise she followed through with in her record tax-raising Budget, which increased public spending by £70bn a year. Fast fo...

Paying With Cash Can Save You up to 4%: Here's When It's Better Than Credit Cards

"Your Credit is Good, But We Need Cash." This line holds significant meaning today as more merchants encourage customers to use cash by offering lower prices and incentives for those who choose paper over plastic. This shift is economically significant at a time when digital wallets, cryptocurrencies, and online transactions dominate merchant and t...

The Impact of Renewable Energy on the US Economy

The Impact of Renewable Energy on the US Economy Get more from ClimateCosmos! What do you think about this topic? Share your thoughts in the comments below — we’d love to hear from you! Want more stories like this? Follow us and never miss out!

How much is TikTok worth and who could buy it?

How much is TikTok worth and who could buy it? - The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations

World Bank plans $20 bn payout for Pakistan over coming decade

The World Bank plans to loan cash-strapped Pakistan $20 billion over the coming decade to nurture its private sector and bolster resilience to climate change, Prime Minister Shehbaz Sharif said. Sharif said the World Bank funding would be used for "child nutrition, quality education, clean energy, climate resilience, inclusive development and private investment".

Could YOUR pension fund a 35-year retirement? More are living to 100, here's how to go the distance

For today's workers, a 35-year retirement is a real possibility. But can they afford it? We look at how big a pension needs to be, and how to boost your pot.

How to manage your money after being diagnosed with a serious illness

If you are diagnosed with a serious or even terminal illness, money might be quite far down the list of things you are worried about. But ignoring it at an early stage in your diagnosis could make your final days more stressful than they need to be or leave your family with a difficult mess to deal with when you die. Getting to grips with your fina...

Threats to Europe accelerate the return of cash

While the future of cash seems uncertain, with a general trend towards reduced use, its total disappearance isn't yet on the agenda. The proof is in the Netherlands, Norway and Sweden... In the face of the Russian threat and cyber-attacks, Sweden, Norway and the Netherlands explicitly, but also other European countries indirectly, recommend that their citizens stock up on cash to be able to make cash payments if necessary. In Sweden, four out of...

Average UK savings by age revealed – see how you compare

Why the Lloyds share price surged 6.3% on Wednesday

Inflation coming in lower than expected caused the Lloyds share price to jump 6.3% on Wednesday. But should long-term investors be paying attention? The post Why the Lloyds share price surged 6.3% on Wednesday appeared first on The Motley Fool UK.

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.

NerdWallet review

NerdWallet offers up details on your personal finance circumstances and does it without the need for a fee.

Marginal gains don't add up to elite performance when it comes to the economy

Marginal gains, the science of extracting significant athletic advantage from numerous small changes, has long been a mantra in top-class sport.

I took a pension lump sum: Should I pay off my £117k buy-to-let mortgage?

Should I use the lump sum now to cut out mortgage payments on my buy-to-let, or leave the cash to hopefully grow in value for the future?

Men exhibit stronger sunk cost bias than women when mating motives are activated

Men are more prone than women to exhibit sunk cost bias—the tendency to persist with an investment despite its disadvantages—when exposed to romantic cues, according to new research published in the Journal of Consumer Research. Surprisingly this effect is not limited to romantic contexts but also extends to consumer behavior, suggesting that deep-...

British stocks rally as cooling inflation lifts sentiment

By Shashwat Chauhan (Reuters) -British stock markets rallied on Wednesday, with midcaps notching their best day in a month, as tame inflation reports from the UK and the U.S. fuelled expectations of more interest rate cuts this year. The blue-chip FTSE 100 closed up 1.2%, while the FTSE 250 midcap index jumped 2.8% to log its biggest percentage gain since Dec. 15. UK stocks were already higher

The Rule of 55: One Way to Fund Early Retirement

The Rule of 55 lets you access your retirement funds early. When paired with other strategies, it could help you kiss the office goodbye.

Trump-fuelled stock market rally sends Wall Street profits to record highs

Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy. JP Morgan reported a $58.5bn biggest annual profit on Wednesday, the largest in US banking history and beating its previous record of $49.6bn in 2023. Goldman Sachs’s annual profits also rose by 68pc to $14.3bn after a...

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.

Jobs that pay the most for under 30 hours work a week

March Madness will pay women's teams under a new structure approved by the NCAA

March Madness will pay women's teams under a new structure approved by the NCAA - Women’s basketball teams finally will be paid for playing games in the NCAA Tournament each March just like the men have for years under a plan approved Wednesday at the NCAA convention

Inheritance tax tangles and pension pot worries - what YOU asked our financial planning experts this year

Our financial planning channel has exploded in 2024 as a tough economic climate and change of government put our finances into firm focus.

Italy's public debt tops 3 trillion euros, highest on record

By Sara Rossi MILAN (Reuters) - Italy's public debt rose further in November, exceeding 3 trillion euros ($3.1 trillion) and hitting a record high, the central bank of the euro zone's third-largest economy said on Wednesday. The sustainability of Rome's huge public debt has long been seen as a crucial factor for the survival of the euro zone, and Italy has been the most sluggish economy in the

Exact amount of money you’ll need to retire – and 5 tips to achieve it

How Much Is A Plane In 2021 - Aircraft Prices & Why It Doesn't Matter

In this video, I'm going to tell you how you can buy a commercial plane, how much it costs and why that may not be the best idea. There are some pretty crazy price differences and some planes are effectively worthless despite costing half a billion dollars - so buckle up and let us go shopping!

Sterling drops against yen, dollar and euro

By Stefano Rebaudo (Reuters) - Sterling dropped sharply against the yen and also weakened versus the dollar and the euro on Thursday as investors focused on monetary policy divergence after last week's sell-off in gilts and the pound. Money markets priced in around 50 bps of rate hikes by the Bank of Japan in 2025 [IRPR] after Governor Kazuo Ueda said on Wednesday the bank will debate whether to

Bank of England's Taylor says it's time to cut interest rates

By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan Taylor, the BoE's most recently appointed interest rate setter, said on Wednesday. Taylor, an economics professor, voted to cut rates in November - when Bank Rate was cut to its current level of 4.75% - and again in December when the

How to try and turn a small ISA into £200k, starting in 2025

Edward Sheldon highlights a simple three-step savings and investment plan that could help investors grow their ISA balances significantly. The post How to try and turn a small ISA into £200k, starting in 2025 appeared first on The Motley Fool UK.

Reeves looking at regulatory reforms in search for economic growth

Reeves looking at regulatory reforms in search for economic growth - Chancellor Rachel Reeves said she wanted to ‘tackle the barriers to investment’ ahead of the latest monthly GDP figures and a meeting with regulators.

7 money mistakes that could give you a financial ‘fright’

7 money mistakes that could give you a financial ‘fright’ - From ‘zombie’ savings accounts to pensions horrors, here are some financial pitfalls that it really does pay to avoid.

7 simple money-saving hacks that will boost your finances in 2025

Small habits can mean big savings.

The drop in inflation is good for your mortgage – but don’t celebrate just yet

The drop in inflation is good for your mortgage – but don’t celebrate just yet - Analysis: Milder inflation has brought hope that the Bank of England may lower interest rates, saving borrowers vast sums on loans and mortgages

Italy has no plans to strengthen golden power rules on financial sector

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has no plans to strengthen its "golden power" legislation to intervene in mergers and takeovers in the financial sector, Economy Minister Giancarlo Giorgetti said on Wednesday. The golden power rules, designed at the European Union level to fend off unwanted non-EU buyers, were expanded during the COVID-19 pandemic to shield companies

Intesa Makes First Spot Bitcoin Buy

Intesa Sanpaolo SpA has made its first spot Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the original cryptocurrency, as Italy's largest banking group pushes deeper into the asset class. Bloomberg's Anna Irrera has the story.

How to make a side hustle work for you – what you need to know about taxes, budgets and marketing

How to make a side hustle work for you – what you need to know about taxes, budgets and marketing - A side hustle can be a good way to earn extra income while also helping you upskill and be your own boss

Age-related differences in financial decision-making and social influence

Older people are more likely to be influenced by the impulsive financial preferences of others than their younger counterparts, according to a new study. Research lead by psychologists at the University of Birmingham and the University of Oxford published today in Communications Psychology...

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...

Here's how much life cost in 1995 compared to 2025

From a semi-detached to a Pot Noodle.

ECB's Centeno sees interest rates falling to about 2% as inflation under control

By Sergio Goncalves LISBON (Reuters) -The European Central Bank should continue to lower interest rates to about 2% as inflation in the euro zone was generally under control, ECB policymaker Mario Centeno said on Wednesday. He said the rise in euro zone inflation to 2.4% in December "was already expected" and reflected the fall in energy goods prices in the same period in 2023. "The ECB

Why it’s hard to build wealth with a Cash ISA (and some other options to explore)

Britons continue to direct money towards Cash ISAs. History shows that this isn't the best way to build wealth over the long term, however. The post Why it’s hard to build wealth with a Cash ISA (and some other options to explore) appeared first on The Motley Fool UK.

Mauritius PM at centre of Chagos deal demands £3.2 million cash seized from his safe by police

The prime minister of Mauritius is suing authorities to recoup £3.2 million in cash seized by police who raided his safe. Navin Ramgoolam, who has been at the heart of negotiations with the UK over the Chagos Islands, was arrested in 2015 on suspicion of conspiracy and money laundering after his surprise general election loss. Police investigated w...

Chipmaker NXP gets 1 billion euro loan from EIB for European projects

NIJMEGEN, Netherlands (Reuters) - Netherlands-based computer chip maker NXP said on Wednesday it has secured a 1 billion euro ($1.03 billion)loan from the European Investment Bank (EIB) to support research and development projects in five European countries. The EIB, the European Union's long-term lending institution, said the loan was part of a investment programme it launched last year aimed at

Europe's largest economy is facing a possible third consecutive year of recession

Forget this week's minor decrease in the UK inflation number.

What is a cash Isa and how does one work?

If you have money to save then a cash Isa should be one of your considerations. It works in a similar way to a savings account, except that you’re limited to how much you can pay in each year (up to £20,000), and the interest your money earns will remain tax-free. There are several types of cash Isas to choose from and they’re offered by lots of ba...

Kimberly Palmer: Worried about money? Ways to keep your kids from feeling your stress

Kimberly Palmer: Worried about money? Ways to keep your kids from feeling your stress - When parents are stressed about finances, they can unintentionally pass on that concern to their children

How much money it takes to be happy – according to the rich

What’s the one thing money can’t buy? Happiness – or so we’ve been told. A famous 2010 study led by psychologist Daniel Kahneman and economist Angus Deaton concluded that happiness increases with income until it levels off at $75,000 (around £57,000) per year. After that, more money does not equal more happiness. Over the years, however, many have ...

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom - Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom

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

I've saved £100k by 32 - but it's come at a cost

If I don’t need it, I don’t do it.

UK’s economy grows for first time in three months - but less than expected

UK’s economy grows for first time in three months - but less than expected - Gross domestic product (GDP) grew by 0.1 per cent in November, after falling in both September and October - but showed no growth in the three months to November