What salary makes someone ‘rich’? Brits reveal their magic number…

Regional variation: People in Scotland say that to be rich you need to earn more than £106,520, while those in Yorkshire and the Humber say £86,376 is enough

In a survey, Britons were asked how much they would need to earn to feel rich Scots had the highest standards, while those in Yorkshire set their sights lower By Harvey Dorset Updated: 6:16 AM EDT, June 26, 2024 You need to earn almost £100,000 a year to be considered rich, a study claims… but … Read more

Now is the time to take the plunge and tie up your savings for longer, says SYLVIA MORRIS

Better rates: Savers are finally holding on to their money longer to grab top rates before they disappear

By Sylvia Morris Updated: 5:00 PM EDT, June 25, 2024 A new trend is taking hold among savers, banking industry insiders tell me – and it’s one I approve of. Savers are finally holding on to their money longer to grab top rates before they disappear. Since fixed rate bonds and Isas came back into … Read more

You earn HOW MUCH? Bank of Dave explains the phone scam epidemic in a shocking gang interview

Crime wave: Phones are stolen and then banking apps are hacked for cash

The secrets of the phone thieves terrorizing the streets of Britain have been revealed in a sensational interview between a gang leader and Dave Fishwick, the businessman who inspired the hit film Bank of Dave and columnist This is Money. In the interview, which will air on ITV’s Good Morning Britain from 6am this morning … Read more

Citizens Advice reveals WORST energy companies for customer service: is your provider on the list?

Big drop: EDF has gone from one of the top-ranked energy companies to the worst in three months

Energy suppliers are not doing well in this latest customer service ranking EDF, Utilita and British Gas received the worst customer ratings in the first quarter of 2024 By Sam Barker Updated: 04:16 EDT, June 25, 2024 EDF has been named the worst energy company for customer service by consumer organization Citizens Advice. Utilita was … Read more

Employees are threatening legal action against the crackdown on workplace issues at BP

Crackdown: City's top lawyers have said retroactively demanding relationship information stinks of the Stasi

BP requires employees to disclose intimate relationships with colleagues or remove their faces Employees were given three months to disclose any matters Rules follow Bernard Looney’s dismissal for failing to disclose past relationships By Mark Shapland Updated: 4:50 PM EDT, June 15, 2024 BP risks being hit with employee lawsuits after serious concerns were raised … Read more

Mortgage arrears have risen by 45% in a year as the reality of interest rate increases presents itself

In red: According to official statistics, the number of borrowers with payment arrears of at least €1,500 has increased over the past two years

The amount of mortgage arrears has risen by 44.5 percent in the first three months of this year as homeowners struggle with higher interest rates, Bank of England data shows. Outstanding payment arrears rose to £21.3 billion, up 4.2 per cent on the last three months of 2023 and up 44.5 per cent on the … Read more

Automakers warn that heavily reduced EV prices to boost demand are ‘unsustainable’ as private sales fall again in May

Automakers say current discounts offered on EVs to boost demand are 'unsustainable' as they - again - called on the government to step in with new incentives in the wake of slumping private sales

Carmakers have warned that their “attractive offers” on electric vehicles, aimed at boosting falling demand, are “unsustainable” and said the next government must step in to boost private sales. It comes as sales of electric vehicles to the general public fell by a further 2 percent in May, despite brands offering significant discounts in showrooms. … Read more

My insurer said driving from a station is commuting – and denied my claim

Devil in the details: The definition of just one word, “commuting,” is at the heart of the problem

I work in London, live in Hertfordshire and take the train and then the tube to work. I usually walk or cycle to my local train station before taking public transport to the capital, but occasionally I have to drive. When I do this I usually take the family car, but one day last October … Read more