Telecoms firms are inflicting increases of around 10 per cent in the spring, despite inflation hitting a 30-year high of 5.4%. Mobile phone companies are ramping up bills even higher - by using an outdated inflation measure that could push up prices by more than 11%. Critics say the demands are unacceptable as families face a soaring cost of living crisis while telecoms firms rake in huge profits.
I visited Morrisons in Holyhead on October 27. It was a particularly stormy day. When I returned to my car I found a loose trolley embedded in the rear light. I noticed all trolley bays were full and the trolley attendants were sheltering from the rain and wind. I reported the incident to the store manager who told me to bring receipts for the damage and also to email Morrisons with a copy of the receipt.
MARKET REPORT: Footsie boosted after two major US banks say now is the perfect time to buy British stocks
The FTSE 100 rebounded 1% while the FTSE 250 rose 0.9% after JP Morgan analysts said London-listed firms looked 'exceptionally cheap'. Meanwhile, Morgan Stanley said there was a 'compelling case' for buying stock in FTSE 350 companies, as UK equities were 'more defensive' than global peers. The assessment from the Wall Street banks was echoed by AJ Bell investment director Russ Mould, who noted that the lack of tech stocks in the FTSE 100 may now be a blessing amid a sell-off.
Can YOU afford a decent retirement? Just two in five people are on course for a moderate or comfortable pension, report warns
A new savings and resilience barometer launched by Hargreaves Lansdown looked at how likely people at different ages and income levels are to achieve a moderate income or above later in life. A single person needs a minimum income of £20,800 per year, while a couple requires £30,600 to achieve financial security, according to an oft-cited industry measure of retirement living standards. Those figures include the state pension, which is currently worth around £9,400 per person if you qualify for the full flat rate.
Top 10 companies for customer service: First Direct and John Lewis slip down as Pets at Home takes the crown and Skoda and Timpson blast up the ranks
First Direct has lost its crown as the company with the best customer service levels in the country, fresh data has revealed. Pets at Home has pipped First Direct to the post and been hailed as the top business when it comes to satisfying customers, the Institute of Customer Service, said. The pets retailer has surged from seventh place to first place in the ICS's latest rankings, while the John Lewis Partnership has been pushed down from second to seventh place.
A £12MILLION haul of bonkers Bugattis: Three of only thirty 304.8MPH Chiron Super Sport 300+ hypercars have arrived for UK customers
HR Owen Bugatti London has taken delivery of the UK orders this week and pictured the trio parked in formation inside the dealership's workshop. With each priced at around €3.5million before taxes (around £4million inclusive of VAT and delivery charges), pictured is a staggering haul of £12million-worth of lightning-fast vehicles.
I'm trying to help the planet by getting solar panels, but EDF won't give me the new smart meter I need - and night-time tariffs are proving a nightmare
I'm in the process of having solar panels and a storage battery installed on my home. In order to run the battery on a cheap night-time energy tariff, and receive Smart Export Guarantee payments for any excess electricity I generate, I need my first-generation smart meter upgraded to a second generation one. However, my energy supplier, EDF, is refusing to do so. Secondly, I am struggling to find a cheap night-time tariff that does not also require me to have an electric vehicle - which I do not. I'm doing what I can both for the planet and my pocket, but feel like I'm hitting brick walls so far. Can you help?
I've been unable to get a state pension credit for time I couldn't work during pandemic - can I challenge this? Steve Webb replies
I tried to sign on to claim state pension credits (anticipating gaps) but the DWP automatically closed my claim down when I tried to do this online. I did not qualify for the contribution-based benefit. But I was unable to contact anyone on the phone, and job centres were closed, so I couldn't explain I just wanted to claim my state pension credits. Is there any way I can claim credits now?
Could these Platinum Jubilee coins make you a mint? New coins celebrate Queen Elizabeth, from special gold sovereigns to a 50p that could turn up in your change
On February 6, the Queen marks 70 years as Monarch following the death of her father King George VI. She was officially crowned the following year on June 2. Already, special coins are being promoted by Royal Mint to mark the historic occasion. Next month, a new set of 50-pence pieces will be put into circulation while Royal anniversary gold sovereigns will also be released in limited numbers.
What a herd of mavericks who took on hedge funds can teach you about investing: A year from the GameStop frenzy, what have we learned?
Rarely does a single company change the course of investing history for ever. But one year ago, GameStop, then a little-known video game retail company in the US, did just that when its share price shot up by more than 700 per cent within a single week. While its share price has now settled after crashing back down again, the GameStop share frenzy has had a lasting impact that reverberates to this day.
MIDAS SHARE TIPS: Ex-coal firm Hargreaves Services reinvents itself and turns in a 5% yield for investors
Prospects are bright and the stock should rise. Hargreaves now has three divisions - land regeneration, trading and recycling, and industrial services. All three are performing well and growth is expected to accelerate over the next five to ten years. Reassuringly too, Christopher Mills, a veteran investor with a history of picking winners, owns 28.5 per cent of the shares, while Banham owns a further 8.2 per cent, so is clearly incentivised to deliver returns. At £4.00, the shares are a buy.
AFC Wimbledon aiming to raise up to £4.5m by issuing a bond to retail investors that pays interest of 6%
The League One football club, which is owned by the fans, wants to raise money to repay a bridging loan for the development of its stadium in Plough Lane. Two years ago, the club launched a bond which raised £5million after building costs for its new stadium soared. Now AFC Wimbledon needs another £4.5million to refinance the high interest bridging loan.
Steven Bartlett is the latest star of Dragons' Den - and we recently caught up with him for a special bonus This is Money podcast episode. In this frank interview with This is Money's Simon Lambert, Steven tells us his story, the challenges he's faced in his business life, how he got ahead and his tips for anyone else wanting to start a business.
Capricorn Energy shares jump as production at its newly-purchased Egyptian oil and gas assets outperform forecasts
The Edinburgh-based group said its Western Desert Assets pumped out roughly 36,300 barrels of oil equivalent per day on average from the time it completed buying them from Shell in September to the end of 2021. It now expects to deliver an average of 37,000 to 43,000 barrels each day in 2022, and for production to expand throughout the year and exit rates to surpass the high end of its forecast range.
Vodafone shares jumped 4.5% after it emerged the FTSE 100 firm held talks late last year about buying rival UK mobile network Three from Asian conglomerate CK Hutchison. If a deal goes through Vodafone will add Three's 9.3m customers to its existing 20m, making it a huge player in the British telecoms space. However, such a tie-up would draw scrutiny from regulators.
Does your agent have the keys to success? Property prices have soared - but if you're in a hurry to sell, finding the right firm is essential...
We may still be in January but the race is already under way in the 2022 housing market - and for canny sellers, there's no time to lose. The average asking price of property coming to market across the UK since the New Year is £341,019, according to Rightmove. That's 7.6% more than a year ago and is the highest annual rate of price growth recorded by the property website since 2016.
Electric car charging network grew 37% last year with 7,600 devices added - that's just one for every 24 electric car registered
A total of 28,375 publicly-accessible charging devices for electric vehicles are now available across the UK, of which almost one in five are rapid chargers, latest Department for Transport records confirm. However, the data shows that London has benefitted from a much faster expansion of its charging infrastructure than any other region, with 102 devices per 100,000 of its population, while areas like the North West have just 24 per 100,000 people. There are also growing concerns that infrastructure is failing to keep pace with the number of electric cars entering the road, with one new public device added for every 24 zero-emission vehicle registered last year.
Want to shelter as much of your money from inheritance tax as possible? Don't wait until your 70s, experts warn
People in their 70s or 80s have often put off thinking about it or were reluctant to give money away to their children when they were younger, but by then there is not much time left, explains Osbornes Law. Gifts are subject to the well-known rule that you have to survive seven years before they become tax free, and if you are wealthy enough to set up a trust you can pass on far more by doing this in your 50s or 60s.
What can Britain do to ease the pain of energy bills rocketing 50% in April? From a VAT cut, to paying suppliers SIMON LAMBERT looks at the options
If you're anything like me, energy bills will feel like a painful monthly expense and one that you really aren't looking forward to rising by £54. Nonetheless, like me, many This is Money readers will be able to grudgingly stomach the hike and feel it as just another part of the current cost of living squeeze. Others, however, will be among the millions of people for whom this is going to be a real problem and may have to choose between heating and eating.
Some of the big name US growth stocks have suffered falls since late last year, but is this a changing of the guard and why is the shift in central bank thinking seen to benefit value not growth? On this episode of the Investing Show, Simon Lambert of This is Money, and Richard Hunter of Interactive Investor discuss what may lie ahead for investors in 2022, how the year has started and the kind of companies that could benefit from value getting its day in the sun.
Even as bills soar, energy firms are sending in debt collectors... but those facing demands - including a 93-year-old widow - often don't owe a penny
Power firms are unleashing heavy-handed debt collectors over bills that have often been issued in error. Customers of one firm have had unexpected demands after the supplier sold debts to a third party. The debt-purchasing company is represented by a law firm which two watchdogs have received complaints about.
Will you be next for the 'Mum and Dad scam'? WhatsApp crooks target parents with messages pretending to be their children pleading for cash
Santander reported a 532% surge in 'mum and dad' or 'friend in need' scams - where fraudsters impersonate their victims' loved ones - between August and November last year. Ex-headmistress Elizabeth Baker (pictured, left, with partner Hugh) - came close to losing more than £500 after a scammer pretended to be her daughter. Meanwhile a conman tricked the father of Cally Beaton (pictured, right) out of £1,800.
Now Yorkshire Building Society launches a lottery-style savings account with 10 monthly £1,500 prizes and a 1% rate: Here's how it compares
Yorkshire Building Society has launched a new regular savings account offering savers the chance to win one of ten £1,500 cash prizes each month. Regular saver accounts enable savers to save a fixed amount every month, albeit typically with a minimum or maximum limit on how much can be deposited each time. The Make Me a Saver account pays 1% interest and allows customers to deposit up to £150 per month whilst allowing instant access to their savings without penalty.
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.
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ANSWERS FROM THE Experts
|Updated 26 Jan 2022.|
|US Dollar||1.318||Buy Now|
|Australian Dollar||1.835||Buy Now|
|Barbados Dollar||2.549||Buy Now|
|Brazilian Real||4.893||Buy Now|
|Bulgarian Lev||2.225||Buy Now|
|Canadian Dollar||1.648||Buy Now|
|Chinese Yuan||8.699||Buy Now|
|Croatian Kuna||8.682||Buy Now|
|Czech Koruna||28.36||Buy Now|
|Danish Krone||8.554||Buy Now|
|Hong Kong Dollar||10.15||Buy Now|
|Hungarian Forint||417.2||Buy Now|
|Icelandic KrÃ³na||162.8||Buy Now|
|Indian Rupee||87.48||Buy Now|
|Indonesian Rupiah||17915.0||Buy Now|
|Israeli New Shekel||4.045||Buy Now|
|Jamaican Dollar||163.1||Buy Now|
|Japanese Yen||148.8||Buy Now|
|Jordanian Dinar||0.8955||Buy Now|
|Kenyan Shilling||145.0||Buy Now|
|Malaysian Ringgit||5.336||Buy Now|
|Mexican Peso||26.68||Buy Now|
|New Taiwan Dollar||34.03||Buy Now|
|New Turkish Lire||17.24||Buy Now|
|New Zealand Dollar||1.954||Buy Now|
|Norwegian Krone||11.8||Buy Now|
|Polish Zloty||5.265||Buy Now|
|Romanian New Leu||5.627||Buy Now|
|Russian Rouble||75.14||Buy Now|
|Singapore Dollar||1.751||Buy Now|
|South African Rand||20.0||Buy Now|
|South Korean Won||1511.0||Buy Now|
|Swedish Krona||12.12||Buy Now|
|Swiss Franc||1.193||Buy Now|
|Thai Baht||42.71||Buy Now|
|UAE Dirham||4.792||Buy Now|
|Vietnamese Dong||27664.0||Buy Now|