I went through my mother's bills since she is currently going through some financial difficulties. I was shocked to discover that an unknown payment was included in each of her Sky monthly bills since 2006. I reached out to customer services who advised these were Call Line Identification (CLI) charges. The charge was roughly ￡65 per month and initially Sky agreed to pay back 24 months worth, adding up to ￡1,560. However, this leaves around a further ten years of overpaid fees of around ￡8,500.
I'm on a fixed energy tariff until March next year but am worried prices will soar after that: What happens when the deal ends and will my bills jump??
My gas and electricity is on a fixed rate deal with Octopus until March 2022 but I'm worried the energy price spike will send my bills soaring after that. My account says that I am on the Super Green Octopus 12 month fixed tariff and it runs until 13 March 2022. I am paying 2.91p/kWh and 26.06p per day for gas and 17.114/kWh and 24.49p per day for electricity, how does this compare to current prices and the price cap? Also, what will happen when the deal ends, am I likely to move onto whatever the variable rate price is then and suddenly see my bills jump?
BUSINESS LIVE: FTSE 100 on the up again; UK GDP jumps 5.5%; Furlough comes to an end; Boohoo warns on profits despite soaring revenues?
The UK economy grew faster than expected in the second quarter of 2021, jumping 5.5 per cent compared to forecasts of 4.8 per cent, Office for National Statistics data published today shows. The UK furlough scheme comes to an end today, despite protests from hard hit sectors pleading with the Government for another extension.
Enstroga, Igloo and Symbio Energy all go bust: Three more firms collapse hitting nearly a quarter of a million households - what happens next?
The biggest of the three, Igloo Energy, provided energy to around 179,000 domestic customers. Meanwhile, Symbio had 48,000 and Enstorga 6,000. Under Ofgem's safety net, the energy supply of Enstroga, Igloo Energy and Symbio Energy customers will continue and funds that domestic customers have paid into their accounts will be protected, where they are in credit.
Could you live off-grid to beat soaring energy prices? It sounds radical but 150,000 people Britons are already power self-sufficient
Matthew and Charis Watkinson, and their children Elsa and Billy, are some of the many Britons who have managed to evade the national energy crisis by becoming totally self-sufficient. The young family are one of tens of thousands of Britons who now live 'off-grid' - meaning they are totally disconnected from the national energy supply.
You don't need to be Warren Buffett or a high-rolling Wolf of Wall Street to build and benefit from a shares portfolio. Stock market investing is open to anyone with a little bit of money to set aside for the future. But how can you make sure you get it right? Here are some pointers for investing in shares.
Take the house or the pension??That's the decision that faces many divorcing couples... and the wrong choice could be extremely costly?
Family law experts and financial advisers say that women are often too quick to accept the family home in a divorce settlement, overlooking the value of pension wealth. But advisers and solicitors also say an increasing number of women are now the family breadwinners, so must pay up in divorce. The latest figures show there were 107,599 divorces between men and women in 2019 - up 18.4 per cent from 90,871 the year before.
My ￡1m equity release nightmare: Widow hit with eyewatering fees and interest bill to sell the family farm after her husband dies
Jane Horton and her late husband David were given a 35-acre farm in the New Forest as a wedding gift in 1975. David was tragically killed in a riding accident in 2013 and after eight tiring years running the farm alone, Jane, 72, decided to put it on the market. Yet instead of being able to enjoy retirement, she was stunned to discover she would have to pay ￡1 million to clear a ￡384,000 equity release loan the couple had taken out 13 years earlier.
I booked two pilgrimages with Joe Walsh Tours to Medjugorje in Bosnia and Herzegovina and to Padova [Padua] in Italy. Both were rescheduled from the original dates to 2021. I made payments of ￡574 and ￡50 by cheque in December 2019. I paid the balance of ￡900 for the Padova trip by bank transfer on January 31, 2020.
Rolls-Royce's electric car will arrive in 2023: Spectre will be the luxury legend's first battery-powered vehicle and its entire range will switch in 2030
Official pictures of Spectre show it in camouflaged form only, with the details of the vehicle hidden by quotes from founders, the Honourable Charles Rolls and Sir Henry Royce. Despite the efforts to keep its looks under wraps, the outline of a sleek coupe-style body can still be clearly seen. With a two-door, sweeping body design, the Spectre hints at an electrified alternative to the brand's existing Wraith model rather than a replacement for the Ghost or Phantom limos. Bosses confirmed it will be built on an all-new flexible platform that will underpin all its plug-in cars developed over the course of becoming an all-electric vehicle maker by the end of the decade. Here's everything we know about the car so far...
Cost of food in supermarkets on the up as toxic cocktail of HGV driver shortage, Brexit 'red-tape', rising commodity prices and worker shortage hits, BRC says
A toxic cocktail of Brexit 'red-tape', worker shortages, rising commodity prices and transport costs is driving food prices higher, the British Retail Consortium has warned. In September, food prices rose for the first time on an annual basis in six months, seeing a 0.1 per cent increase. Supermarkets have been hiking pay packets for HGV drivers in a bid to attract workers, which is squeezing margins and prompting grocers to raise prices to protect their bottom line.
MARKET REPORT: Next shares hit an all-time high as profit forecast is raised to ￡800m despite rising costs and staff shortages
Britain's biggest fashion retailer raised its forecasts for the fourth time this year - saying it now expects pre-tax profits in the 12 months to January 2022 of ￡800m. That is ￡36m higher than its previous guidance of ￡764m and the largest haul since 2016. However, the company raised several red flags, including potential staff shortages this Christmas.
Interest rates 'very unlikely to go up this year': Investors believe it would need a big inflation shock for the Bank of England to hit the economy with a hike
Bailey said the Monetary Policy Committee are ready to do what is necessary to tackle the UK's stuttering economic recovery and rising inflation. Financial markets are pricing a 15 basis-point rise in interest rates in February 2022 and another in November, which would take the rate to 0.5 per cent.
Gatehouse Bank launches a best buy one year fixed 'green' savings account paying 1.51% and it'll plant a tree in Britain for each account opened
Gatehouse Bank has launched its Green Saver account paying 1.51%. It marks the first time rates have nudged past 1.5% for locking cash away for 12 months since May 2020. The challenger bank says that for every account opened, a tree will be planted in UK woodlands, a move which looks to capitalise on a movement for some towards making their finances greener.
The DIY investing apps challenging the challengers: From green investing to managing money, the rivals to Freetrade, eToro and Trading 212?
Hot on the heels of Britain's DIY investing big guns have come share trading apps, eToro, Freetrade and Trading 212, which promise to 'democratise' the investment industry with free share dealing and the ability to invest for less in big US names. But behind those established challengers is an even newer crop of platforms aiming to disrupt the industry: we look at Wombat, Plum, Circa5000 and Lightyear.
I'm ￡3.51 over the limit to claim pension credit so lose hundreds of pounds' worth of other benefits - how is this fair? Steve Webb replies
How can this be right when if you're on less than ￡177.10 per week you're entitled to no end of help, which makes me worse off than the person getting the minimum amount. In real money I am worse off by hundreds of pounds, for example from a free TV licence, help with glasses and dentist bills, and so on. Please could you explain why this is not in scale with the ￡3.51 I am over per week. I appreciate there has to be a line drawn somewhere but the way it is happening is most unfair to people like me.
The week began with an energy crunch, as households woke up to the problems sending gas prices spiralling - and the impact that could have on their bills. It ended with a needless rush on petrol, as people were told there was no need to panic buy fuel… and some promptly panic bought it. On this episode we look at what's driving the problems with our bills and get an update on the state pension fiasco.
Is it too easy being green? Investors' appetite for the UK's ￡10bn 'green gilt' sale was strong but analysts question their use in the drive to net zero?
The day before Johnson's UN speech, the UK Government revealed it had raised ￡10billion from selling 'green gilts,' a record amount for a sovereign green bond. This bond sale forms a core part of its plan for the UK to achieve its promised goal to become a net zero country by 2050 through investing and developing in renewable technologies, creating green jobs, and protecting Britain's biodiversity.
Goodbye to the GB sticker: British motorists driving into Europe need to display new 'UK' number plates and stickers on their cars from TODAY?
Motorists driving their cars into Europe will from today need to display a new UK number plate or sticker, with the traditional GB sticker used on the back of cars no longer valid from 28 September. Anyone intending to use their UK-registered motors in Europe with a GB number plate will need to display a new 'UK' sticker, or have to order fresh number plates with the UK symbol displayed on the left-hand-side. The change is intended to be more inclusive of Northern Ireland in the wake of Brexit but sparked fury from drivers and motoring group who have since bemoaned the loss of the long-running GB emblem.
Should you invest in a VCT? A 30% income tax break, dividends paid tax-free and the chance to back exciting growth stars... but beware the risks
VCTs have enjoyed a boom in demand as investors flock to generous tax breaks - and ability to back up-and-coming businesses that have become hot property. In return for this higher risk investing in the companies seen as the future drivers of economic growth, investors get up to 30 per cent income tax relief and tax-free dividends. Recent high profile successes for venture capital include online used car seller Cazoo and fashion marketplace Depop.
Number of homes snapped up this year will be highest since the financial crisis, report suggests - and prices will soar 21.5% in the North East by 2024
By the end of 2021, the estate agent Hamptons forecasts that 1.5m homes will have been sold across Britain - the biggest number since 2007. It believes property price growth will slow in the coming months. But, despite that, it estimates that values across Britain will be 13.5 per cent higher by 2024.
Motorists can cash in on boom in second-hand car prices by selling their unwanted vehicles for a bumper profit
Average prices have rocketed 20 per cent since April, with even family cars attracting huge premiums. This price boom is due to an acute shortage of new vehicles - and a plethora of buyers, armed with spare money they did not spend on a foreign holiday. Motor analyst Cap HPI's latest data shows that the average price of a second-hand car has increased by a fifth in the past five months. Normally, they would have depreciated 5 per cent over this period.
'I got a new cooker but AO made me spend ages chasing a gas safety certificate': Consumer Fightback explains how to complain and your rights
Consumer Fightback columnist Helen Dewdney explains how to use the law and a letter to the chief executive to make a complaint, using the example of a readers she helped. Here's what you need to know for gas safety certificates and the legalities around the issue, and what your rights are under the Consumer Rights Act 2015.
Revealed: How the 87% dividend tax grab from poorest hits hopes of improved income from shares in future
Announced this month as part of measures to boost the National Health Service, the hike in dividend taxes will eat into the income of many households who rely upon regular divis to supplement their finances. It comes into force at the start of the new tax year in April. Moira O'Neill, head of personal finance at wealth manager Interactive Investor, describes the Government grab as 'a tax on the time poor and on the bereaved widow left with a pile of share certificates to sort through'. She says it will be the over55s - the biggest holders of dividend-friendly companies such as AstraZeneca, BP and GlaxoSmith -Kline - who will take the biggest hit.
TONY HETHERINGTON investigates how ￡640,000 pumped into a bond issued by Global Water Group went down the drain
Our ace investigator reported on the issue back in January, but questions were unanswered. And those have gradually produced answers that show the whole business was based on lies and false claims. Global Water Group, based in Cambridge, has graduated from a mystery to a scam. It did indeed look good on paper, describing itself as a powerful network that included governments, academic institutions and pension funds. It is now clear there never was any such network.
Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.
Premium Bonds Winners
|Prize||Area||Value of bond|
|￡100,000||Cheshire West and Chester||￡10,000|
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|Updated 30 Sep 2021.|
|US Dollar||1.311||Buy Now|
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