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Saturday, October 21, 2017
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New rules sought to cut stress of buying a house 21 Oct 7:05pm New rules sought to cut stress of buying a house
Ministers are reviewing regulations to clamp down on gazumping and time-wasting offersA clampdown on gazumping and other tactics that cause misery to housebuyers and sellers is being drawn up by the government as part of a renewed attempt to reduce the stress of buying a home. New rules to stop people from cutting their offer at an advanced point in a sale, and “time wasting” by bidders with no realistic hope of completing a purchase, will also be examined as part of a review of the rules.
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Car industry could have been saved – but now is as good a time as any to lose your job 21 Oct 4:52pm Car industry could have been saved – but now is as good a time as any to lose your job
I feel sadness at the end of the car industry, and yet I must admit to having benefitted from the policies that led to its closure Growing up I was always more of a Ford kid than Holden. I was in no way a rev-head but country South Australia in the 1980s being what it was you had to pick a side and I picked Ford. I’m not sure why I chose Ford, and I never got too involved in schoolyard arguments over the two, but I was oddly happy when my parents in 1984 bought a Ford Laser rather than a Holden Astra.
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Theresa May told to keep pledge over debt relief for poor 21 Oct 4:13pm Theresa May told to keep pledge over debt relief for poor
Ambush by House of Lords would force Conservatives to fulfil ‘breathing space’ pledge as millions go into the red
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Bombardier’s Belfast workers breathe sigh of relief after Airbus swoops in 21 Oct 12:08pm Bombardier’s Belfast workers breathe sigh of relief after Airbus swoops in
Takeover deal reassures staff even if the manoeuvre fails to convince US to lift punitive tariffs on order by DeltaWhat takes place at Bombardier Aerospace’s factory at Belfast is one of those everyday, patented modern miracles – and one whose success now depends on politics and business machinations continents away. Rolls of carbon fibre are cut, injected with resin and pressure-cooked and cured to form an aircraft wing. This is shipped from Belfast city docks via Liverpool and New York to be fitted in Mirabel, Quebec, and become part of Bombardier’s innovative C-Series plane.
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Air France boss says UK must play by the EU court’s rules after Brexit 21 Oct 12:07pm Air France boss says UK must play by the EU court’s rules after Brexit
Jean-Marc Janaillac says he is happy to see British airlines fly to the continent – as long as they accept European Court of Justice controlAs the head of Europe’s largest intercontinental airline, Jean-Marc Janaillac can speak with authority on the complexities of cross-border travel. He carries some political insight, too, because he is chief executive of a business, Air France-KLM, that is 17%-owned by the French government. At the intersection of pan-European travel and politics lies Brexit, of which Janaillac is a dispassionate observer. After all, it is not his business that will be most affected by a split between London and Brussels. Janaillac says Britain leaving the EU is neither “an opportunity nor a catastrophe” for a business created by the merger of the French and Dutch national airlines in 2004.
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Savings interest rates: shop around to beat inflation 21 Oct 2:00am Savings interest rates: shop around to beat inflation
Savers should seek out the best rates to mitigate rising prices – it will make a big difference to their pockets Savings interest rates have been steadily rising in recent months, and while account holders will struggle to beat inflation (which rose this week to 3%) experts claim individuals can, at least, mitigate its effects by shopping around. Figures from Savings Champion show that the average easy-access rate is paying 0.42%, compared to 1.30% at top-paying account, the
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Pick-up fees for airport passengers rise at eight out of 20 top UK airports 21 Oct 2:00am Pick-up fees for airport passengers rise at eight out of 20 top UK airports
Some increased charges as much as 100% in a year while others introduced new fees, with London Luton the most expensive at £7 for 40 minutes, said RAC Some of the UK’s busiest airports have sharply increased parking charges for drivers collecting passengers, a study has found.
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Service charges: government to tackle rip-offs that ‘harm’ leaseholders 21 Oct 2:00am Service charges: government to tackle rip-offs that ‘harm’ leaseholders
Ministers plan crackdown and seek evidence on problems from extortionate costs to unscrupulous agentsRip-off service charges and unfair costs paid by leaseholders and renters were in the government’s sights this week after ministers declared there was “overwhelming evidence of the harm some people experience”. On Wednesday it announced
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‘We lost £120,000 in an email scam but the banks won’t help get it back’ 21 Oct 2:00am ‘We lost £120,000 in an email scam but the banks won’t help get it back’
In another example of a growing menace, the Scotts thought they were sending money to their solicitor’s bank account. Little did they know it went to a fraudster It is the worst case of email intercept fraud that Money has ever featured. An Essex couple have lost £120,000 after sending the money to what they thought was their solicitor’s bank account, but which instead went to an account in Kent that was systematically emptied of £20,000 in cash every day for the next six days. Peter and Alice Scott (not their real names), who live near Chelmsford, say they are “simply staggered” at the lack of response by the banks and the police after they unwittingly became the latest victims of email hacking fraudsters who have been targeting solicitors across the UK.
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Tenants in England still waiting for a ban on letting agents’ fees 21 Oct 2:00am Tenants in England still waiting for a ban on letting agents’ fees
Phillip Hammond announced the eye-catching move last year – but there is still no date for when it is coming into effectIt was in November last year that the government announced plans to ban letting agent fees paid by tenants. Almost a year on, there is still no date for when it is coming into effect – so how long are we going to have to wait? The eye-catching move was
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Help to buy has mostly helped housebuilders boost profits 21 Oct 2:00am Help to buy has mostly helped housebuilders boost profits
A Morgan Stanley report shows the government’s subsidy has driven up the price of new-build homes – and now it is lining up another £10bnThe chancellor, Philip Hammond, is lining up another £10bn to extend the
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