money

Nest scheme puts savers’ cash into green investment strategy

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State-backed pension provider Nest is to plough £5.5billion, nearly half of its 9million members’ money, into a climate-friendly investment strategy. Nest’s goal is to halve carbon emissions generated by its investments by 2030 and reach ‘net zero’ by 2050.  It will also ditch companies involved in thermal coal, oil sands and Arctic drilling within five … Read more

Barclays and Santander reveal 677,000 borrowers have taken payment holidays

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Hundreds of thousands of customers of Barclays and Santander have taken payment holidays on credit cards, personal loans and mortgages, the banks revealed in results today. At the same time, official figures from the Bank of England show households have cleared billions of pounds of debt over the last few months. Britain’s third-largest mortgage lender … Read more

The UK cities making millions from bus lane fines

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City councils are pocketing millions of pounds a year from fining motorists for misuse of bus lanes, with new figures revealing which locations are genere the biggest revenues. While London is the city where most motorists receive a penalty charge notice for incorrectly driving in a bus lane, an investigation has revealed which locations outside … Read more

Buy-to-let: Landlords thrown a lifeline – should you invest?

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Buy-to-let was one of Britain’s best-loved investments before crippling tax blows caused many landlords to lose interest.  But now buy-to-let has been thrown a lifeline. Slashed stamp duty, better mortgage deals and new tax benefits all mean landlords are flocking back to the market.  However, with unemployment predicted to soar to four million by the … Read more