The first £1 coins depicting King Charles entered circulation, and creditors sought this historic addition to the nation’s exchange.
This week, almost 3 million new models will arrive in wallets and cash registers across the country, post offices and banks across the United Kingdom.
The £1 coin features a pair of British bees on the “tails” side, in honor of the king’s love of conservation and the world of herbs, and the official effigy of Charles on the obverse, or “heads”. “.
The other models, which will be sold on demand, are the 1p one representing a hazel dormouse, the 2p one with a red squirrel, the 5p one with an oak leaf, the 10p one with capercaillie, the 20p one with a puffin and the £ 2 with the national flowers: rose, narcissus, thistle and clover. .
Giving staff the “right to disconnect” promotes productivity and can simply breathe life into economic growth, Downing Street said.
The Labour Party has promised to give workers the right to forget about work-related calls and emails outside of business hours, so homes do not have “24/7 offices”.
Ministers are analyzing models from other countries where the right to disconnect already exists, such as Ireland and Belgium.
The Prime Minister’s spokesman said the plan was intended “not to inadvertently blur the line between paintings and personal life. “
The plans are not “universal” and would recognize that corporations vary and that other people have other functions, he added.
The number of companies that went bankrupt in England and Wales last month rose 16% year-on-year, according to official figures.
Commentators said the 2,191 corporate bankruptcies showed how many companies were still recovering from the effect of high inflation and borrowing costs, despite growing optimism about the United Kingdom’s economic prospects.
That figure is 7% lower than the June total, but insolvency levels are still well above those seen during the pandemic and in the years following the 2008/09 currency crisis, officials said.
Rebecca Dacre, wife of consultant Forvis Mazars, said this knowledge is “a stark reminder that many corporations are still a long way from recovery. “
By Sarah Taaffe-Maguire, Business Journalist
BT’s percentage value fell, wiping around £1 billion off the company’s value.
A percentage now costs £134. 45, a low last seen 10 days ago.
It comes after a rival network, CityFibre, struck a deal with broadband provider Sky.
This means that Sky will now use CityFibre’s network to offer its service from next year.
This is good luck for BT as Sky’s consumers are hosted on BT’s Openreach network. As part of the plan, Sky aims to include so-called “hard-to-reach” areas.
CityFibre will build 3. 8 million homes and aims to expand to “at least” 8 million homes in the coming years, he said.
“This partnership with Sky is a huge vote of confidence in our business and has solidified CityFibre’s position as the UK’s third largest virtual infrastructure platform,” said Greg Mesch, the company’s chief executive.
BT, formerly British Telecoms, is worth around £14. 44 billion, based on the number of shares issued and the percentage price.
The head of monetary research at investment platform AJ Bell, Danni Hewson, said that CityFibre’s main points are possibly not that important.
“BT shares have come under pressure due to fears of increased competitive risk to its Openreach broadband business, while Sky could start partnering with CityFibre in 2025.
“However, CityFibre’s modest size and concentration in rural spaces recommend that this is not a major problem. “
Sky is the one from Sky News.
United Kingdom citizens will have to pay a €7 visa waiver payment to Europe from next year after the EU revealed its timeline for introducing new access needs for some visitors.
The additional fees to the US ESTA are part of a series of new border controls and access requirements that the EU is introducing.
They will do so when they enter the Schengen area, which includes 27 EU member states, plus Iceland, Liechtenstein, Norway and Switzerland.
The exemption will last for 3 years or until your passport expires.
Its official name is the European Travel Information and Authorization System (ETIAS), and its implementation will stick to the arrival of the EU Entry/Exit System (EES). The government will require other people to register their fingerprints and have their photographs taken. Arrival at the airports.
Addressing the launch, EU Commissioner for Home Affairs Ylva Johansson said that the EES would become operational on November 10, while ETIAS would remain in place some time later, in 2025, probably in May.
However, it is believed that there could be a six-month grace period before visas become mandatory, until November next year.
By Daniel Binns, journalist
The value of gold soared to a record high of more than $2,522 (£1,938) an ounce.
This comes after months of stability in the price of the valuable metal.
Many points seem to have played a role, however, according to analysts, the new increase is largely due to the weakness of the US dollar and growing expectations that the United States Federal Reserve will cut interest rates next month.
Lower rates tend to make a country – and its currency – less attractive to investors, because they end up getting lower returns on bonds, shares and other investments.
There are also general considerations about the state of the U. S. economy, amid rumors that it could spark a recession this year or next; Some commentators have downplayed the likelihood of this happening.
But the United States is not the only one that is prepared to face its borrowing costs.
The European Central Bank and the Bank of England have recently cut interest rates (and are expected to do so this autumn), which may also deter some investors.
What does all this have to do with gold?
This is largely due to its perceived prestige as a “safe haven” investment.
Gold is counterfeit and trustworthy, both literally and in its price as a commodity.
It has been appreciated and sought after since ancient times, and its price is sure to remain for a long time in the future.
So, when things look iffy – and when interest rates seem low – putting your money in gold may seem like a smart bet (at least that’s what many think; of course, many would say that there is no such thing as a certain bet in gold). money markets).
This “safe haven” prestige also explains why the value of gold has been able to rise in recent months, as fears have grown about an escalation of wars in the Middle East and between Russia and Ukraine.
Tesco will increase the price of its food deal from Thursday.
Those using a Clubcard, which Tesco says make up 80% of customers, will now pay £3. 60.
This is an increase from £3. 40, which is the cheapest food deal you can find in one of the classic supermarkets.
Those without a Clubcard will now pay £4 – up 10p.
A Tesco spokesperson told Money Blog: “Clubcard members will only pay £3. 60 for a main course, snack and drink, meaning our meal deal is still a wonderful price and is the best way to have lunch while travel.
“With millions of imaginable combinations in our stores, our recent enhancements to the elements and more than 20 new dishes introduced this summer, Tesco’s dining offering has everything for everyone. “
The charge for the premium meal on offer remains unchanged at £5.
How does this compare?
Waitrose has the maximum food offer at £5 for the main combination, snack and drink.
In July, Sainsbury’s increased the price of its lunch by 25pence, from £3. 50 to £3. 75.
A Morrisons meal is priced at £3. 50, the same amount as for members of the co-op, non-members pay £4.
Asda offers consistent value for your food. Instead, it operates a 3-for-2 system, which offers consumers the cheapest item for free.
If you’re reading Money’s blog on Friday, don’t forget that Gail’s bakery chain was criticized for turning unsold cakes into croissants and advertising them for almost £4 the next day.
We reported on how the shop includes “twice-baked” chocolate and almond croissants in its “Waste Not” range, meaning they are made from leftover croissants which are then “topped with almond frangipane and slivered almonds. “
The task has been criticized online, with many pointing out that the £3. 90 value is 95p more than the original croissant.
It’s worth remembering that this practice wasn’t invented by Gail: almond croissants were created in French bakeries to reuse day-old croissants and prevent them from going stale.
We reached out to Gail for comment and only got a delayed reaction: Here’s what they said. . .
“We created our Waste Not diversity at Gail’s to make food go further.
“Our almond croissants and chocolate almond croissants are favorites in our bakeries. The croissants are dipped in demerara syrup and topped with our homemade frangipane cream and crunchy almonds.
“Day-old croissants are sturdier than new ones, making them the best pastries to use.
“We are big supporters of improving food systems and collaborate with companies like Too Good To Go and Neighborly to reduce our impact on food waste and improve communities.
“Leftover pies at the end of the day are shared with charities in our neighborhoods. Through our partnership with Neighborly, we donated 81,000 meals, supporting 239 smart causes.
It comes as citizens of a London community signed a petition against opening a Gail’s bakery in their community.
After (unconfirmed) rumors began circulating that the chain was contemplating opening a site in the town of Walthamstow, more than six hundred people signed a petition opposing the plan.
The petition says the village “faces a risk to its character” if Gail moves to the area.
Learn more. . .
Basically, Section 75 is a way to get your cash back if a store didn’t supply you with the products or you didn’t pay for them, as long as you used a credit card or loan at the point of sale.
The value of the acquisition will have to be between £100. 01 and £30,000, but you only need to spend a penny on a credit card for your rights to take effect.
Section 75 is enshrined in the law (the Consumer Credit Act 1974) and allows you to make a claim to your bank for breach of contract or misrepresentation through the retailer.
The cover was put in place to ensure that consumers are forced to pay their debts for faulty goods and fixtures – or those that never arrive – by making the lender as liable as the retailer.
When does the article apply?
Hows work
You tap your bank, who will investigate how you made your acquisition and who is involved.
There will need to be a transparent agreement between the customer, the supplier and their bank.
“They’re going to ask you for more main points: explain how your customer rights were violated, you’ve exhausted all store functions, and you can’t dispute your dispute,” customer advocate Scott Dixon of Complaints Resolver told the Money blog.
“He wants to push for S75 claims because claims are rejected on the first try. “
It is useful to have more data on hand, such as evidence of payment, contracts, terms and conditions, screenshots of product descriptions, correspondence, photographic evidence or, in some cases, independent evaluations.
Scott added: “If you reach an impasse with the credit card provider or finance company, please request a deadlock letter outlining your final position so that you can submit a formal complaint (with the final response/deadlock letter) to the Financial Ombudsman Service (FOS).
“They don’t like cases being referred to the FOS because it costs them money. “
When does Article 75 apply?
And more from our Basically series here. . .
By Daniel Binns, journalist
Growing optimism about customers of a ceasefire in the Gaza war has sent the price of oil (and the shares of energy giants tumbling).
The price of a barrel of benchmark Brent crude fell to just over £76 (£58), the lowest price since the start of the month.
Shares of Shell and BP fell about 2% in early trading.
Hopes for an easing of tensions in the Middle East have helped ease fears about dangers in the region.
Other points that could have an effect on oil costs come with increased production from the Sharara oil box in Libya and considerations about a slowdown in the Chinese economy, adding to a slowdown in commercial production.
Another big loser this morning was BT Group. Its shares fell more than 5% after the announcement that Sky would launch all-fibre broadband on BT rival Cityfibre’s network next year.
These declines contributed to the FTSE 100 falling by more than 0. 5% on Tuesday, and the FTSE 250 also falling by 0. 13%.
Among the gainers was easyJet Plc, which rose more than 1. 2% amid optimism about tourism this summer.
Similarly, Intercontinental Hotels Group rose one notch, while IAG, which owns British Airways, rose only about 0. 8%.
Meanwhile, in the markets this morning, 1 pound buys 1. 30 dollars or 1. 17 euros.
Pensioners are being asked whether they are eligible for the winter fuel subsidy after new Chancellor Rachel Reeves scrapped universal bills last month.
Previously, the money was available to anyone over the legal retirement age, but now it will be limited to those over the legal retirement age who receive pension credits or other means-tested aid.
This means that the number of people entitled to this money will be reduced from 11. 4 million to just 1. 5 million.
The payment is £200 for families where the beneficiaries are aged 80 and £300 where they are over 80.
While around 1. 4 million pensioners already benefit from a pension credit, it is estimated that up to 880,000 families entitled to this help have already applied for it, according to the Ministry of Work and Pensions.
The government’s awareness campaign will identify families claiming these benefits and inspire retirees to apply by the Dec. 21 deadline for retroactive application for pension credits to get winter fuel payment.
It will be based on “myths” that may discourage other people from applying, such as that having savings, a pension or owning a place is not necessarily a barrier to getting a job. a pension credit.
You can learn more about how to claim the Pension Credit on the government’s How to Apply page.
Yesterday we gave you the bad news that winter energy costs will reach 9%, according to the latest forecast from Cornwall Insight.
Its latest forecast calls for the October-December price cap to hit £1,714 a year for the average user, £146 more than existing levels.
We’ll know by Friday.
Comparison service Uswitch says the forecast “compounds concern” about emerging expenses for citizens across the country “just as the season to turn the heat back on. “
“The value limit will increase in January, but bill payers can take action now to be sure how much they pay,” says Richard Neudegg, chief regulatory officer at Uswitch.
It’s worth noting that Uswitch is in favor of other people moving; however, savings can be made based on existing forecasts.
Here are the top 10 lists of constant energy prices that can counteract emerging costs as temperatures drop, according to Uswitch: